INDIA-MIDDLE EAST-EUROPE ECONOMIC CORRIDOR (IMEC)
INDIA-MIDDLE EAST-EUROPE ECONOMIC CORRIDOR (IMEC)
Why in News
“Recently India, the U.S., UAE, EU, France, Italy and Germany signed a memorandum of understanding
to establish the India-Middle East-Europe Economic Corridor (IMEC), on similar lines to China’s
BRI.”
Aim- To create a comprehensive
transportation network to enhance
transportation effi ciency, reduce
costs, increase economic unity,
generate employment, and lower
Greenhouse Gas (GHG) emissions.
Components of the project-
IMEC is envisioned as not
one, but two corridors —
an eastern corridor linking
India to the Arabian Gulf
and a northern corridor
linking the Arabian Gulf to
Europe. Both ends have robust port, rail, and road infrastructure.
The project’s physical infrastructure includes railway lines as well as electric cables to enhance
digital connectivity and pipes for clean hydrogen export, railway and ship-to-rail transit network
to supplement maritime and road routes.
Ports to be Connected:
India: Mundra (Gujarat), Kandla (Gujarat), and Jawaharlal Nehru Port Trust (Navi Mumbai).
Middle East: Fujairah, Jebel Ali, and Abu Dhabi in the UAE as well as Dammam and Ras Al Khair
ports in Saudi Arabia.
Railway line will connect Fujairah port (UAE) to Haifa port (Israel) via: Saudi Arabia (Ghuwaifat
and Haradh) and Jordan.
Israel: Haifa port.
Europe: Piraeus port in Greece, Messina in South Italy, and Marseille in France.
The project forms part of the Partnership for Global Infrastructure and Investment (PGII).
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