Eurasian Nations Link to Africa; Move Ahead With Key Landbridge Projects
MAY 8, 2007 (LPAC)--Leading nations of Eurasia continue to take concrete steps to implementing the Eurasian Landbridge plan for transportation and development infrastructure, linking the entire landmass.
* On May 5, Iran's Deputy Energy Minister Rasoul Zargar announced that by the middle of the month, Iran and China will sign a $2 billion agreement to build ten new dams and power stations in the country. Zargar announced that, in addition to the Chinese involvement, the Iranian government would seek domestic investors to help finance the water and power programs. According to Cassio Viotti, the president of the International Commission on Large Dams, Iran has been the leading developing sector country in dam construction over the past decade.
* On May 3, Arab News reported that Saudi Arabia's King Abdullah bin Abdul Azziz will, in the next two weeks, lay the corner stone for a 50 kilometer causeway, linking Saudi Arabia to Egypt. The $3 billion bridge construction project will be completed in three years, for the first time linking the Persian Gulf to Africa. An estimated 1.2 million Egyptian workers are employed in the Gulf states.
* India and China announced recently that China's Sinosteel Corp. will build a $4 billion steel plant in Jharkhand, India, according to the Hong Kong Standard of May 7. The project will be the largest Chinese commercial investment in India in history, and is expected to be completed in eight years.
* On May 8 the Hindu newspaper reported that Abubakir Shomuzov, a top Gazprom executive, has called for the extension of the proposed Iran-Pakistan-India gas pipeline to China. Shomuzov, who heads Gazprom operations in Iran, told the newspaper that Gazprom would be prepared to help fund and build the project: "We are willing to cooperate with these two states and the IPI pipeline is one of the giant projects in which Russia can play its role." Citing Russian Prime Minister Mikhail Fradkov's recent visit to Pakistan, Shomuzov said "This pipeline can even go as far as to China because this region has a big population and is a big market."