EDB provides technical assistance to develop Blueprint for Managing EurAsEC Single Transport Space
Almaty, 26 November 2012. The Blueprint for Managing the Eurasian Economic Community’s (EurAsEC) Single Transport Space (STS) has been developed with assistance from Eurasian Development Bank’s (EDB) Technical Assistance Fund.
The Scientific Centre for Complex Transport Problems of the Russian Ministry of Transport was the main contractor who involved relevant national institutes from the EurAsEC member countries.
The Blueprint states that the consistent and effective implementation of integration priorities in Eurasia, in the framework of the Single Economic Space, is impossible without a single transport management system. For this reason, as Vladimir Yasinsky, Member of the EDB Management Board and Managing Director for Research, stated, the draft Blueprint is also of interest to the Eurasian Economic Commission and supranational bodies involved in the formation of the Eurasian Economic Union.
A new stage of integration should be a shift from interstate cooperation, coordination and negotiation of the transport policy priorities in the framework of the EurAsEC to a single transport policy and the harmonisation of the EurAsEC countries’ transport laws.
The Blueprint envisions the gradual formation of a supranational transport management system to be completed in 2015.
The STS management system will produce a range of socioeconomic effects after the barriers for transport services suppliers will be removed. The project authors expect that the overall economic effect of the STS management system will be 3 to 5% of GDP for each EurAsEC member state.
The Transport Policy Board at the EurAsEC Integration Committee, which comprises transport ministers of the member states, is expected to pass a resolution on the implementation of the Blueprint before the end of this year.
Additional Information
The Eurasian Development Bank is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth and the expansion of mutual trade and other economic ties in its member states. EDB’s charter capital exceeds US $1.5 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan. Read more at https://www.eabr.org.