The Eurasian Transport Network is poised to significantly transform Central Asia and the South Caucasus into a pivotal hub for trade and transit routes. This initiative aligns with the objectives outlined in the Awaza Programme of Action for Landlocked Developing Countries (APoA) 2024–2034, as reported by Trend through the Eurasian Development Bank (EDB).

Source: Trend

Commitment to Socioeconomic Development

The EDB, which has six out of its seven member states classified as landlocked, reinforced its dedication to fostering the socioeconomic growth of these nations and improving their connectivity. During a thematic side event organized by UNESCAP at the recent UN Conference on Landlocked Countries in Awaza, the bank introduced its Eurasian Transport Network Concept and Transport Projects Observatory. These initiatives aim to bolster trade routes and enhance regional integration.

Importance of Transport Connectivity

The EDB underscored the necessity of improving transport connectivity for landlocked countries, which span 15.9 million square kilometers and have a population of 570 million. These nations often face economic challenges due to their distance from maritime routes. The Eurasian Transport Network is specifically designed to support APoA Priority Area 2 (Trade, Trade Facilitation, and Regional Integration) and Priority Area 3 (Transit, Transport, and Connectivity), thereby unlocking the region's economic and trade potential.