• Fri. Mar 1st, 2024

France Appoints Emissary for India-Middle East-Europe Economic Corridor to Promote Alternative to ‘Chinese Silk Roads’ and Low-Carbon Transition

ByEditor

Feb 13, 2024
Ex-Engie CEO selected as France’s representative for European-Asian logistics project.

French President Emmanuel Macron has appointed Gérard Mestrallet, former CEO of Engie and ex-president of Suez, as emissary for the logistics integration corridor project between Europe and Asia. This project, known as the India-Middle East-Europe Economic Corridor (Imec), is designed as an alternative to the new “Chinese Silk Roads” and aims to stimulate commercial relations between India, the Middle East, and Europe. An agreement in principle has already been signed by several countries and the European Union, with the logistics corridor project expected to offer economic growth and low-carbon transition.

The Imec project will take the form of a rail link and is expected to accelerate trade between India and Europe by 40%. Additionally, it includes the construction of an electric cable, a clean hydrogen pipeline, and a high-speed data cable. French President Emmanuel Macron hopes to position Marseille as the European “bridgehead” of the project, emphasizing the expertise of French companies in transportation and energy.

Gérard Mestrallet’s mission as the first emissary designated among participating countries is to identify ports, railway, and energy infrastructures to assess existing and forecast future flows. The port of Marseille may play a significant role in the project, especially in terms of receiving hydrogen. The mission also includes positioning France as the main entry and exit point in Europe for the future corridor, with a focus on diversifying sources of supply

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