World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 

Forum Aims To Spur Investment In Asian Highways


UN forum aims to spur investment in Asian Highway Network

Representatives of more than 30 countries are today attending a United Nations investment forum in Bangkok to drum up financing to complete the Asian Highway Network, the ambitious plan to crisscross the continent with 141,000 kilometres of high-quality roads.

About $26 billion has already been committed to upgrading the network, according to the UN Economic and Social Commission for Asia and the Pacific (UNESCAP), but a shortfall estimated at $18 billion remains to upgrade another 12,000 kilometres of roads to meet the necessary standards.

Twenty-eight countries signed a pact, developed in 2005 with UNESCAP's help, undertaking to make every possible effort to comply with the minimum desirable standards both in constructing new routes and in upgrading and modernizing existing ones.

When the highway upgrading is completed, the 32-country network - which will link cities as far apart as St. Petersburg and Singapore, and Seoul and Istanbul - will facilitate trade and tourism as well as access to landlocked countries.

In the two years since the treaty came into force, over 10,000 kilometres of roads have been upgraded, mainly in Afghanistan, Bangladesh, China, India, Kazakhstan, Kyrgyzstan, Russia and Tajikistan. So far, all sections of the network in only 13 countries meet the treaty's minimum standards.

Today's forum is also being attended by representatives of 10 international organizations and many members of the private sector.

ENDS

More: Latest World News | Top World News | World Digest | Archives

© Scoop Media

 
 
 
World Headlines

 

OECD: COVID-19 Crisis Puts Migration And Progress On Integration At Risk, Says

Watch the live webcast of the press conference Migration flows have increased over the past decade and some progress has been made to improve the integration of immigrants in the host countries. But some of these gains may be erased by the COVID-19 pandemic ... More>>


Pacific Media Watch: How Pacific Environmental Defenders Are Coping With The Covid Pandemic

SPECIAL REPORT: By Sri Krishnamurthi of Pacific Media Watch Pacific Climate Warriors - creative action to trigger better responses to climate crisis. Image: ... More>>

Reporters Without Borders: Julian Assange’s Extradition Hearing Marred By Barriers To Open Justice

After monitoring four weeks of evidence in the US extradition proceedings against Wikileaks publisher Julian Assange, Reporters Without Borders (RSF) reiterates concern regarding the targeting of Assange for his contributions to journalism, and calls ... More>>

OHCHR: Stranded Migrants Need Safe And Dignified Return – UN Migrant Workers Committee

The UN Committee on Migrant Workers has today called on governments to take immediate action to address the inhumane conditions of migrant workers who are stranded in detention camps and ensure they can have an orderly, safe and dignified return to ... More>>