BRICS nations plan a new maritime passageway via the strait
Fresh Take: It's All About Transportation
Here's a dazzling plan up for grabs—the "YauzaProject," a potential game-changer that could become part of the BRICS unified transport system. This grand vision by Ilya Zalivukhin, presented at the "Measures of Eurasian Integration" conference, outlines a transcontinental network stretching from St. Petersburg to Cape Town. More details can be found on rzd-partner.ru.
The ambitious North-South MTC is in the spotlight here, set to be scaled and interconnected with other corridors. Intriguing plans include a 50-kilometer underwater multimodal tunnel between Iran and the UAE in the Strait of Hormuz region. This fascinating tunnel promises seamless transport communication between Iran and the Arabian Peninsula, diversifying cargo transportation through multimodality and creating a new artery for passenger transport.
The ambitious aim behind this project? A staggering increase in trade turnover between countries of the Arabian Peninsula, Central Asia, and BRICS nations.
Zalivukhin hints that the project offers promising opportunities for transporting large quantities of goods and travelers safely to the ports of Jeddah (Saudi Arabia) and Salalah (Oman). As of now, experts are weighing their options between the UAE and Oman for the construction of the underwater multimodal tunnel. "Both sides are interested, but it's crucial to make a joint decision, conduct research, and start infrastructure creation," notes the expert. Preliminary estimates suggest the tunnel's construction will cost around $21.5 billion.
Finance and Automotive Finance
Transportation Corridors and Infrastructure Expert
Background Insights:
While a specific "YauzaProject" or underwater tunnel between Iran and the UAE/Oman isn't widely recognized or established, several major infrastructure projects are currently under development in the region. These projects aim to strengthen trade ties among the Arabian Peninsula, Central Asia, and other nations, including BRICS members.
Key projects include China's Belt and Road Initiative, Central Asia–China pipeline and rail projects, and Iran’s North-South Transport Corridor. Completed or ongoing projects can significantly boost trade turnover by reducing transit times, costs, and increasing efficiency. They may also impact geopolitical dynamics, fostering stronger alliances and economic interdependence between participating nations.
As of the current state, there are no specific updates on a proposed underwater tunnel between Iran and the UAE/Oman. Such a project would require extensive geopolitical agreement, technological innovation, and substantial investment. Keep a close watch for future developments, as regional governments and international economic organizations may announce new initiatives or updates in the dynamic world of global infrastructure development.
1) In the arena of global infrastructure development, the YauzaProject, although not yet widely recognized, could potentially be a significant part of the BRICS unified transport system, aligning with the North-South Transport Corridor and other projects like China's Belt and Road Initiative.
2) Finance and automotive finance sectors might find opportunities in the realm of transportation corridors and infrastructure, given the potential for large-scale investment required for ambitious projects such as the proposed underwater multimodal tunnel between Iran and the UAE/Oman, which could significantly boost trade turnover among the Arabian Peninsula, Central Asia, and BRICS nations.
