Kyrgyzstan, Uzbekistan, and China have finalized a decades-in-the-making agreement to construct a new railway that will provide an alternative trade route bypassing Russia.
The trilateral agreement, signed on June 6 in Beijing, was ratified by Kyrgyzstan’s parliament on June 19. This milestone comes after more than 20 years of negotiations between the three nations. Construction is slated to begin in October 2024.
‼️Kyrgyzstan, Uzbekistan and China will build a railway to Europe, bypassing Russia.
Two former Soviet republics in Central Asia – Kyrgyzstan and Uzbekistan – have agreed with China to build a railway to Europe that will bypass Russia.
The agreement on the project, which… pic.twitter.com/8jcFZJmOxI
— Natalka (@NatalkaKyiv) June 20, 2024
The 324-mile (approximately 520-kilometer) CKU Railway will stretch from Kashgar in China’s Xinjiang region, through Kyrgyzstan, and into Uzbekistan. It’s expected to cost around $8 billion and forms part of China’s Belt and Road Initiative, a global infrastructure development strategy.
This new route is projected to reduce the distance between China and Europe by 560 miles, potentially cutting freight transit times by eight days. The railway aims to handle 15 million tonnes of freight annually and will include modern logistics infrastructure such as freight terminals and warehouses.
Importantly, this project offers China an opportunity to diversify its trade routes and decrease reliance on Russian territory for European trade. This aspect has gained significance in light of Western sanctions against Russia following its invasion of Ukraine in 2022.
For Kyrgyzstan and Uzbekistan, the railway represents a major development for the landlocked Central Asian republics, providing them with improved access to global markets. It also signifies a shift in regional dynamics, potentially reducing Russia’s influence in its traditional sphere of interest.
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Source link : https://thedeepdive.ca/china-central-asia-railway-project-advances-offering-potential-new-route-to-europe/
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Publish date : 2024-06-21 15:42:00
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