Balanced News: Biden, Modi and G20 allies unveil rail and shipping project

President Joe Biden and his allies announced plans to build a rail and shipping corridor linking India with the Middle East and Europe at the G20 summit. The project aims to boost trade, deliver energy resources, and improve digital connectivity. The corridor would include India, Saudi Arabia, the United Arab Emirates, Jordan, Israel, and the European Union. The White House did not provide details on the project’s cost or financing, but Saudi Arabia’s Crown Prince mentioned a figure of $20 billion. The project is seen as a physical and ideological alternative to China’s infrastructure program.