The Eurasia canal as a factor of economic prosperity for the Caspian region

Abstract

The Eurasia Canal is a proposed direct water transport connection between the Caspian Sea and the Azov and Black Sea basin. The completion of construction of the Eurasia Canal will significantly increase non-oil and gas export, and it will lead to the emergence of more than 200 thousand jobs in the South of Russia, Kazakhstan and other countries of the Caspian region. A significant part of the cargo traffic between China and the countries of the European Union, which have ports on the Mediterranean Sea, will be transported via this new trans-Eurasian route that includes the Eurasia Canal.