Asian Highway Agreement

The Asian Highway Network will support 2 projects, one is the AH 45 and the other is the new AH 45A. AH 45A is the new highway from Tonghua to Sana`a throughout Asia. [Citation required] The project aims to make maximum use of the continent`s existing highways to avoid the construction of newer highways, except in cases where the absence of routes requires their construction. Project Monitor, an Asian infrastructure news site, commented that “the first beneficiaries of the Asian Highway project are planners within the national land transport department of participating countries [because it] helps them plan the most cost-effective and effective routes to promote domestic and international trade. Non-coastal areas, which are often negligible, are the other beneficiaries. [1] The Asian Highway Network (AH), also known as the Great Asian Highway, is a cooperation project between Asian and European countries and the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) to improve motorway systems in Asia. It is one of the three pillars of the Asian Land Transport Infrastructure Development (ALTID) project, approved by the ESCAP Committee at its 48th session in 1992, which includes the Asian Highway, the Trans-Asian Railway (TAR) and the Facilitation of Land Transport Projects. The advanced motorway network would increase trade and social interactions between Asian countries, including personal contacts, project capitalizations, connections of large container terminals with transport points and the promotion of tourism through new routes. [1] The trilateral intergovernmental agreement was signed by the transport ministries of China, Mongolia and Russia at the United Nations Ministerial Conference on Asia and the Pacific (ESCAP) on transport in Moscow. By removing transit barriers and significantly reducing delivery times, the agreement will facilitate international road traffic along the Asian motorway network. Thirty-two countries have signed agreements allowing the motorway to cross the continent and reach Europe. Some of the countries participating in the highway project are India (Look East connectivity projects), Sri Lanka, Pakistan, China, Iran, Japan, South Korea, NEPAL and Bangladesh. [1] Most of the funds come from more advanced Asian countries such as Japan, India, Taiwan, South Korea and China, as well as international agencies such as the Asian Development Bank. Once in force, the agreement will be open to the accession of other Asian Highway member countries, in order to further improve regional connectivity, international trade and, ultimately, the economic growth of these communities along the road and beyond.

Author: daniele130