Biden and Indian Prime Minister Narendra Modi plan to announce the project as part of the Partnership for Global Infrastructure Investment. The rail and shipping corridor would enable greater trade among the countries, including energy products. He said first that the corridor would increase prosperity among the countries involved by increasing the flow of energy and digital communications. Second, the project would help to address the lack of infrastructure needed for growth in lower- and middle-income nations. And third, Finer said it could help “turn the temperature down” on “turbulence and insecurity” coming out of the Middle East.

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Persons: Joe Biden, Jon, Biden, Narendra Modi, ” Biden, Xi Jinping, Vladimir Putin Organizations: DELHI, Group, United Arab Emirates, European Union, Indian, Partnership for Global Infrastructure Investment, World Bank Locations: India, Europe, United States, Saudi Arabia, Ukraine, China, Russia