BRICS nations plan a fresh maritime passageway via the strait
Chitchat: Global Transportation Shake-up
Intriguing insights are brewing in the world of logistics, with Ilya Zalivukhin proposing a groundbreaking project, the "YauzaProject." This ambitious plan, slated to become part of the unified transport system of BRICS nations, spans an epic transcontinental route from St. Petersburg to Cape Town. Details about this exciting development can be found at rzd-partner.ru.
The YauzaProject seeks to boost the North-South MTC and connect it with other transportation corridors. A key part of this plan includes the construction of a 50-kilometer underwater multimodal tunnel in the Strait of Hormuz region. This tunnel will link Iran with the Arabian Peninsula, enhancing cargo transportation by embracing multimodality and opening up a new avenue for passenger traffic.
The primary objective behind this ambitious project is to fostering increased trade between countries in the Arabian Peninsula, Central Asia, and BRICS nations.
Zalivukhin, the project architect, expresses optimism, stating that the tunnel will enable massive goods and passenger transportation by rail, enhancing safety during transit to the Jeddah (Saudi Arabia) and Salalah (Oman) ports. At present, specialists are deliberating on two options for the construction of the underwater multimodal tunnel - perhaps heading towards the UAE or Oman. Zalivukhin emphasizes the importance of collaborative decision-making, thorough research, and early infrastructure development. Initial estimates suggest the project will carry a price tag of around $21.5 billion.
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The YauzaProject, with its potential to revolutionize transportation, holds immense promise for the finance industry, as increased trade between regions could result in increased business opportunities and transactions. The construction of the underwater multimodal tunnel is expected to cost approximately $21.5 billion, highlighting the need for substantial financial backing and strategic investment within the transportation and business sectors.
