'Iron Silk Road': Service Delayed… Indefinitely

May 2006 | Market Strategy

North Korea's decision on May 24 to cancel the test run of a new railway link between the two Koreas represents a major setback for the South's long-cherished dream of a Eurasian 'Iron Silk Road' railway connecting Northeast Asia with European markets via Russia's Trans-Siberian Railway (TSR). Going forward, the ambitious project will continue to be delayed by disagreements over financing and alternative transport routes, and the unpredictability of the North Korean regime. Meanwhile, a long-planned undersea rail connection from Korea to Japan faces considerable political and technical challenges that could render it

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