INSTC Pivot for Realizing Iran’s Marine-Based Economy Goals

The director general of Iran’s Ports and Maritime Organization (PMO) for Transit & Logistics Affairs said the International North-South Transport Corridor (INSTC) is the pivot for realizing the objectives of the country’s sea-based economy. Khosro Saraei pointed to the special emphasis of the Leader of the Islamic Revolution on the sea-based economy and added that the high capacities of the corridor as well as its key role in facilitating regional and international trade will be assessed specifically in a conference on “Iran’s Sea-Based Economy,” slated to be held on February 12-13, reported Tasnim news agency.

He added that the INSTC will play a leading role in increasing the efficiency of multimodal transportation in the regional and extra-regional arenas. The official called on responsible organizations to pave the way for increasing both domestic and foreign investments in line with the realization of the sea-based economy objectives. Pointing to the rail and road transportation capacities in the country for the materialization of those objectives, he added, “With the studies conducted in this regard, Chabahar port is considered a new gateway for the development of multifaceted services in the INSTC.”  Iran Daily