Current:Home > FinanceBiden, Modi and G20 allies unveil rail and shipping project linking India to Middle East and Europe -AssetVision
Biden, Modi and G20 allies unveil rail and shipping project linking India to Middle East and Europe
View
Date:2025-04-22 04:01:39
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.
"This is a big deal," said Biden. "This is a really big deal."
The corridor, outlined at the annual Group of 20 summit of the world's top economies, would help boost trade, deliver 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.
Sullivan said the network reflected Biden's vision for "far reaching investments" that come from "effective American leadership" and a willingness to embrace other nations as partners. He said the enhanced infrastructure would boost economic growth, help bring countries in the Middle East together and establish that region as a hub for economic activity instead of as a "source of challenge, conflict or crisis" as it has been in recent history.
Indian Prime Minister Narendra Modi, European Commission President Ursula von der Leyen and other leaders from around the world participated in the announcement.
"Enhancing connectivity with all regions has been a key priority for India," said Modi, speaking through a translator. "We believe that connectivity is a means to not only increase mutual trade between different countries but also increase mutual trust."
The rail and shipping corridor would help physically tie together a vast stretch of the globe, improving digital connectivity and enabling more trade among countries, including with energy products such as hydrogen. 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 the project's cost or financing, though Saudi Arabia's Crown Prince Mohammed bin Salman mentioned a figure of $20 billion during the announcement. It was unclear if that sum applied solely to the Saudi commitment.
Von der Leyen described the project as a "green and digital bridge across continents and civilizations." She added that it includes cables to transmit electricity and data.
She also announced a "Trans-African Corridor" connecting the Angolan port of Lobito with landlocked areas of the continent: the Kananga province in the Democratic Republic of Congo and the copper-mining regions of Zambia.
Speaking of the African project, Biden called it a "game changing regional investment" and said "both of these are huge, huge steps forward."
Amos Hochstein, Biden's coordinator for global infrastructure and energy security, laid out a rough timeline for the project over the next year.
In the next 60 days, working groups will put together a fuller plan and set timelines. The first phase will involve identifying the areas that need investment and where physical infrastructure can be connected between countries. Hochstein said the plans can be put into place over the next year so that the project can move onto setting up finances and construction.
Sullivan said the project started coming together after Biden visited Jeddah, Saudi Arabia, in July 2022, where he emphasized a need for greater regional economic integration.
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.
The parties also brought Israel and Jordan into the project. Saudi Arabia and Israel do not have diplomatic relations, though the White House has been pushing them toward normalizing relations.
Sullivan said the transportation project is not seen as a "precursor" to a potential normalization deal but he characterized Israel's inclusion as "significant."
"The participants in this effort are focused on practical outcomes that deliver for their people," Sullivan said. "And a corridor of this kind by dint of geography works best having Israel in as opposed to out and the countries participating prioritized that."
Biden participated in both G20 sessions on Saturday. He highlighted plans to push for more investments to address climate change, such as his own domestic incentives to encourage the use of renewable energy. 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.
Ukraine President Volodymyr Zelenskyy, who has been a regular presence at international summits, including last year's G20 in Indonesia, since Russia invaded his country more than 18 months ago, was not invited by Modi's government to this year's gathering.
Jon Finer, the White House principal deputy national security adviser, said the administration pushed for Zelenskyy's inclusion at the summit.
"Ultimately, it is not our decision," Finer said. "But you can expect that the United States and our other partners who are working with Ukraine so closely ... We'll make that case quite forcefully in the context of these conversations."
The summit communique, a joint statement agreed to by all participants, addressed the war, among other issues. It included language underlining the principle that states cannot use force to change borders, disavowed the use nuclear weapons and called for a just peace based on the principles of the United Nations Charter. The communique also underscored that attacks on civilian infrastructure must end.
During the summit, Biden also discussed his request to Congress for additional funding for the World Bank that could generate more than $25 billion in new lending for economic development.
The White House more broadly is trying to strengthen the G20 as an international forum, while Chinese President Xi Jinping and Russian President Vladimir Putin decided not to attend.
Biden has said he was disappointed by Xi's decision. Asked again about the Chinese leader's absence, Biden said Saturday that the summit "is going well" though "it would be nice to have him here."
- In:
- g20
- Narendra Modi
- Joe Biden
- White House
veryGood! (9)
Related
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Even Andrew Scott was startled by his vulnerability in ‘All of Us Strangers’
- Before a door plug flew off a Boeing plane, an advisory light came on 3 times
- Sinéad O'Connor died of natural causes, coroner says
- A White House order claims to end 'censorship.' What does that mean?
- Illinois' Terrence Shannon Jr. files restraining order against school following suspension
- Iowa school shooter's parents say they had 'no inkling of horrible violence'
- Millions could lose affordable access to internet service with FCC program set to run out of funds
- North Carolina justices rule for restaurants in COVID
- Ex-UK Post Office boss gives back a royal honor amid fury over her role in wrongful convictions
Ranking
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Mississippi governor says he wants young people to stop leaving the state
- Maren Morris and Ryan Hurd decide custody, child support in divorce settlement
- Michigan's Jim Harbaugh has a title, seat at the 'big person's table.' So is this goodbye?
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Defense Secretary Austin was treated for prostate cancer and a urinary tract infection, doctors say
- Will Johnson, Mike Sainristil and Michigan’s stingy D clamps down on Washington’s deep passing game
- Dennis Quaid Has Rare Public Outing With His and Meg Ryan's Look-Alike Son Jack Quaid
Recommendation
A White House order claims to end 'censorship.' What does that mean?
RHOSLC Reunion: The Rumors and Nastiness Continue in Dramatic Preview
Firefighters investigate cause of suspected gas explosion at historic Texas hotel that injured 21
Mel Brooks, Angela Bassett to get honorary Oscars at starry, untelevised event
Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
'Sex with a Brain Injury' reveals how concussions can test relationships
Sinéad O'Connor died of natural causes, coroner says
Nikki Reed Shares Rare Glimpse of Her and Ian Somerhalder’s 2 Kids