The North-South International Transport Corridor (ITC) project was launched with the aim of reducing the time and cost of cargo transportation from Russia to India and creating an alternative to maritime trade. During the Second Euro-Asian Transport Conference, held in St. Petersburg on September 12, 2000, an agreement was signed between Russia, Iran and India to launch the North-South project. Currently, the international corridor with a length of 7.2 thousand km covers 11 countries of the world.