Tuesday, April 9 2024 17:14
Marianna Mkrtchyan

EDB sets course for digital future of transportation at joint EEC and  ESCAP event

EDB sets course for digital future of transportation at joint EEC and  ESCAP event

ArmInfo.Sevak Sarukhanyan, Director at the Directorate of Digital Initiatives of the Eurasian Development Bank (EDB), participated in the panel session titled Digital Transformation of Transport: Key Trends and Synergetic Effect at the 11th Asia-Pacific Trade Facilitation Forum, held under the auspices of ESCAP in Samarkand from 2 to 5 April 2024, the EDB Media Centre reports.

According to the source, this side event served as a platform for  businesses and international organisations to deliberate on modern  facets of transport and logistics in global trade.

The session was opened by Arzybek Kozhoshev, Member of the Board and  Minister in charge of Energy and Infrastructure at the Eurasian  Economic Commission (EEC), and Sohail Khan, Deputy Secretary General  at the Shanghai Cooperation Organisation.

Panellists exchanged insights into the main trends shaping a seamless  transport space across the Eurasian continent and pinpointed key  factors constraining digitalisation in the transport sector.   "Partnerships between international organisations and associations  geared towards advancing the integration of digital transport systems  enable the gradual formation of a seamless transport space within  Greater Eurasia, while also upholding the principles of sovereignty  and respect for national interests," said Arzybek Kozhoshev.

Speakers at the event included representatives from the EDB, the CIS  Executive Committee, the IRU General Delegate to Eurasia, the Digital  Transport Centre at Uzbekistan's Ministry of Transport of Uzbekistan  and UTLC ERA, among others.  Sevak Sarukhanyan underscored the Bank's  commitment to supporting digital services and initiatives aimed at  significantly reducing time and financial transactions within the  East-West corridor.  "The Eurasian Development Bank has endorsed  support for the establishment of a digital transport corridor  connecting the main centres of economic activity in Eurasia as one of  its strategic activities until 2026," he said.

He added that the Bank actively collaborates with authorities in the  region's countries to promote regulatory changes that would  facilitate the transition to seamless logistics, including a crucial  component - the transition to electronic shipping documents.

The panel session, held on the sidelines of the ESCAP forum, was  organised by the ECE Transport Unit in partnership with the ESCAP  Secretariat, with support from the Ministry of Transport of  Uzbekistan and the Ministry of Economic Development of Russia.

Additional Information:

The EDB Fund for Digital Initiatives was established in June 2020.  Its objective is to assist the EDB member states in creating digital  transformation tools and practices by integrating their information  resources and participating in the development and financing of  projects. The Fund's flagship project is the COVID-19-Free Travel  mobile app used in nine CIS countries.  The Eurasian Development Bank  (EDB) is an international financial institution promoting integration  and development in its member countries. For more than 18 years, the  Bank has worked to strengthen and expand economic ties and foster  comprehensive development in its member countries. The EDB's charter  capital totals US $7 billion. Its portfolio consists principally of  projects with an integration effect in transport infrastructure,  digital systems, green energy, agriculture, manufacturing and  mechanical engineering. The Bank adheres to the UN Sustainable  Development Goals and ESG principles in its operations. 

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