Eurasian Development Bank Advocates for Soft Infrastructure Measures
ECONOMY & POLICY

Eurasian Development Bank Advocates for Soft Infrastructure Measures

The Eurasian Development Bank (EDB) has proposed implementing soft infrastructure measures to boost the popularity and efficiency of the International North-South Transport Corridor (INSTC). These recommendations aim to enhance regional connectivity and facilitate smoother trade operations.

Key Details:

Soft Infrastructure Measures: The EDB advocates for the adoption of non-physical infrastructure improvements, such as policy harmonization, regulatory enhancements, and streamlined administrative processes, to support the INSTC.

INSTC Overview: The INSTC is an ambitious transport network connecting India, Iran, and Russia, designed to facilitate trade and transportation across Eurasia. Enhancing its efficiency is crucial for regional economic integration.

Recommendations: The EDB's recommendations focus on improving the procedural and regulatory aspects of the INSTC, aiming to make the corridor more attractive for trade and investment by reducing bureaucratic hurdles and promoting cooperation among participating countries.

Expected Benefits: Implementing these soft infrastructure measures is expected to increase the INSTC's effectiveness, attract more businesses, and foster stronger economic ties between the corridor's member countries.

Future Outlook: The adoption of these recommendations could lead to significant improvements in trade efficiency and regional connectivity, supporting the long-term success of the INSTC.

Overall, the EDB's proposal emphasizes the importance of soft infrastructure in enhancing the functionality and appeal of the INSTC, contributing to improved regional trade and cooperation.

The Eurasian Development Bank (EDB) has proposed implementing soft infrastructure measures to boost the popularity and efficiency of the International North-South Transport Corridor (INSTC). These recommendations aim to enhance regional connectivity and facilitate smoother trade operations. Key Details: Soft Infrastructure Measures: The EDB advocates for the adoption of non-physical infrastructure improvements, such as policy harmonization, regulatory enhancements, and streamlined administrative processes, to support the INSTC. INSTC Overview: The INSTC is an ambitious transport network connecting India, Iran, and Russia, designed to facilitate trade and transportation across Eurasia. Enhancing its efficiency is crucial for regional economic integration. Recommendations: The EDB's recommendations focus on improving the procedural and regulatory aspects of the INSTC, aiming to make the corridor more attractive for trade and investment by reducing bureaucratic hurdles and promoting cooperation among participating countries. Expected Benefits: Implementing these soft infrastructure measures is expected to increase the INSTC's effectiveness, attract more businesses, and foster stronger economic ties between the corridor's member countries. Future Outlook: The adoption of these recommendations could lead to significant improvements in trade efficiency and regional connectivity, supporting the long-term success of the INSTC. Overall, the EDB's proposal emphasizes the importance of soft infrastructure in enhancing the functionality and appeal of the INSTC, contributing to improved regional trade and cooperation.

Next Story
Infrastructure Transport

JNPA Becomes First Indian Port to Cross 10 Million TEU Capacity

The Jawaharlal Nehru Port Authority (JNPA), located at Uran in Navi Mumbai, has become the first port in India to achieve over 10 million TEUs (twenty-foot equivalent units) in container handling capacity.With the recent expansion, the port now operates five container terminals with a combined capacity of 10.4 million TEUs, alongside two liquid and two general cargo terminals.Handling more than half of India’s container traffic, JNPA processed 7.05 million TEUs in 2024 and has moved 15.39 million tonnes of containers and 16.64 million tonnes of total cargo in the first two months of FY 2025â..

Next Story
Infrastructure Transport

Nod for Rs. 36.26 billion Expansion of Pune Metro Line 2

The Union Cabinet has approved the Rs.36.26 billion expansion of Pune Metro Line 2, adding 12.75 km of track and 13 new stations to improve east–west connectivity across the city.The project aims to link Pune’s urban core with rapidly growing suburbs, supporting the city’s rising demand for efficient and sustainable transport solutions. This expansion is part of Corridor 2 of the Pune Metro and includes two key routes: Vanaz to Chandani Chowk (Corridor 2A) and Ramwadi to Wagholi/Vitthalwadi (Corridor 2B).It will connect residential, IT, and educational hubs in areas such as Bavdhan, Koth..

Next Story
Infrastructure Transport

Assembly begins for ‘Nayak’ TBM on Thane– Borivali Twin Tunnel Project

The assembly of ‘Nayak’, the first of four Tunnel Boring Machines (TBMs) for the Thane–Borivali Twin Tube Tunnel Project, has commenced at the Thane site. Built by German firm Herrenknecht AG and deployed by Megha Engineering & Infrastructure (MEIL), the TBM marks a key milestone in Mumbai’s ambitious 11.8-km underground road corridor beneath Sanjay Gandhi National Park.The twin tunnels will reduce the Thane–Borivali travel distance by 12 km and decongest Thane Ghodbunder Road. ‘Nayak’, with a 13.2-metre diameter, is designed to bore through challenging geological conditions ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?