Explanation:

• The International North–South Transport Corridor (INSTC) is a 7,200-km-long multi-mode network of ship, rail, and road route for moving freight between India, Iran, Afghanistan, Armenia, Azerbaijan, Russia, Central Asia and Europe. The route primarily involves moving freight from India, Iran, Azerbaijan and Russia via ship, rail and road. 
• Russia, Iran and India signed the agreement for the NSTC project on the 16th of May 2002. All three countries are founding member states on the project
• The following are member states in the NSTC project: India,  Iran,  Russia,  Turkey,  Azerbaijan,  Kazakhstan,  Armenia,  Belarus,  Tajikistan,  Kyrgyzstan,  Oman,  Ukraine,  Observer member — Bulgaria.

Hence both statements are correct.