President Joe Biden and his allies on Saturday announced plans to build a rail and shipping corridor linking India with the Middle East and Europe, an ambitious project aimed at fostering economic growth and political cooperation.The corridor would help to boost trade, transport energy resources and improve digital connectivity. It would include India, Saudi Arabia, the United Arab Emirates, Jordan, Israel and the European Union, said Jake Sullivan, Biden’s national security adviser.
Although White House officials did not set a timeline for its completion, the corridor would provide a physical and ideological alternative to China’s own nation-spanning infrastructure program. The White House gave no details on how the project would be paid for. Speaking of the African project, Biden called it a “game changing regional investment” and said “both of these are huge, huge steps forward.”
In January, the White House started having conversations with regional partners about the concept. By spring, maps and written assessments of existing rail infrastructure in the Middle East were being drafted. Sullivan, and senior White House aides Hochstein and Brett McGurk, traveled to Saudi Arabia in May to meet with their Indian, Saudi and UAE counterparts. All sides have worked since then to finalize details of the agreement announced Saturday.
He also argued that Russia’s war in Ukraine is hurting many other nations, which have had to cope with greater food and energy costs as well as higher interest rate costs on their debt.
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