Wednesday, October 4, 2023

IMEC. LACKS LOGICAL JUSTIFICATION.

 "Critics argue that India’s new corridor lacks logical justification. India opting for a rail and shipping corridor when the existing and cheaper Suez Canal and maritime routes are available does not make sense. Secondly, building railways through desert terrain requires elevated tracks with deep support to withstand shifting sands and hard bedrock.
The political landscape in the US adds another layer of uncertainty, as opposition to investment in this corridor could increase if the Biden administration loses power. The Republicans, on the other hand, would oppose putting money into a failing project just like they did not want to put money into the Ukraine war. On the other hand, the US and India have previously announced initiatives like the Chabahar Corridor, the International North-South Corridor and the US Blue Dot Network, but the status of these projects remains uncertain."
"...Moreover, IMEC passes through Jordan and Israel, introducing complex geopolitical challenges that demand a delicate blend of economic and diplomatic manoeuvring. Even Türkiye, a key regional player, has expressed dissatisfaction with the project. President Tayyip Erdogan pushed back against plans by India, Saudi Arabia and the EU to create a trade corridor that would bypass Turkey."
Source:
https://tribune.com.pk/story/2439014/imec-unlikely-to-help-float-indias-boat

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