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Improved economic conditions boost air-traveller numbers worldwide

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A record 4.1 billion passengers took to the skies in 2017 onboard some 37 million scheduled flights globally, the United Nations civil aviation agency reported Thursday, highlighting that the fastest growth was seen among low-cost carriers.

According to preliminary figures released by the UN International Civil Aviation Organization (ICAO), air travel demand growth too gained “solid momentum” on the back of improved global economic conditions throughout the year.

The upward trend was driven by the strengthening investment in advanced economies as well as the recovery in emerging market and developing economies owing to the increased export demand,” said the UN agency.

It added that lower air fares owing to the low fuel price also continued to stimulate traffic growth, albeit at a more moderate level compared to 2016.

In terms of geographic distribution, Europe remained as the largest international market (37 per cent of the global total), recording a strong 8.1 per cent growth over the previous year. Asia-Pacific came in second with 29 per cent and growth of 9.6 per cent over 2016.

North America accounted for a 13 per cent global share, and demonstrated but notched up the slowest growth as a region (4.9 per cent over 2016).

The Latin America and the Caribbean region bagged 4 per cent of the international traffic and saw the largest improvement among all regions at 10 per cent. Africa had the smallest traffic share three per cent, grew slightly faster than last year at 7.6.

Low-cost carriers and air cargo post strong numbers

The ICAO news release also reveals that low-cost carriers consistently grew at a faster pace compared to the world average growth, carrying an estimated 1.2 billion passengers and accounting for approximately 30 per cent of the world total scheduled passengers.

At the same time, bolstered by improving global economic conditions and world trade, air cargo demonstrated a strong rebound in 2017, recording a “robust” 9.5 per cent growth, a “significant improvement” from the 3.8 registered in 2016.

ICAO also reported that in 2017, average jet fuel prices increased by about 25 per cent compared to 2016 but remained significantly lower than the prices observed for the ten years prior to 2016.

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China to Improve Inland Waterway Transport with World Bank Support

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The World Bank’s Board of Executive Directors approved a US$150 million loan today to improve the capacity and reliability of inland waterway transport along the Han River in China’s Hubei Province. The project will increase connectivity between the less developed central and western regions and the more prosperous eastern provinces, and yield local and global environmental benefits by promoting a green mode of transport and producing renewable energy.

As part of the Yangtze River Economic Belt, China is relocating industries in the less developed inland regions of the middle and upper reaches of the Yangtze River. This requires an efficient multimodal transport that can move freight over long distances in a sustainable manner.

“Inland waterway transport is a cost effective and environmentally friendly mode of transport that is underexploited in China. The new project will increase inland waterway transport along the Han River and promote a shift from roads to waterways, which reduces carbon emissions from transport,” said Zhai Xiaoke, World Bank’s Senior Transport Specialist and leader of the project.

The Hubei Inland Waterway Improvement Project will construct the Yakou Navigation-Hydropower Complex in the middle reaches of the Han River. It will upgrade about 53 kilometers of waterway between the Yakou and the Cuijiaying Complex to Class III navigation standards and help enable the completed investments at other cascades to realize their full navigation capacity and economic benefits. The hydropower station will supply renewable energy to Yicheng City, which is located 16 kilometers from Yakou.

The project will also provide gravity flow irrigation to over 5,300 hectares of existing farmland. Other anticipated benefits of the project include the significant reduction of lifting costs, the improvement of flood resilience, and the creation of a better landscape for recreational tourism.

The total investment of the project is US$515.13 million; the IBRD loan will finance US$150 million and the Hubei Provincial Government will invest US$365.13 million. About 5.61 million residents along the Han River are expected to benefit from the economic development and ecological improvement brought about by the greener transport mode.

Starting with the First Inland Waterways Project in 1995, the World Bank has supported seven inland waterway projects in China, with each successive phase introducing important additionality, ranging from technical innovation to integrated development and management of multi-purpose inland waterway transport, as well as improved institutional capacity and environmental aspects.

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EU investment in gas interconnection between Bulgaria and Serbia to enhance energy security in the region

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To boost the diversification of energy sources in the Western Balkan region, reduce dependency on one dominant supplier and increase energy security, a joint commitment to implement the gas interconnector between Bulgaria and Serbia has been signed today 17 May by the Energy Minister of Bulgaria, Ms. Temenuzhka Petkova, and the Energy Minister of Serbia, Mr. Aleksandar Antić, on the occasion of the Western Balkans summit of Leaders in Sofia, Bulgaria. This interconnection will for the first time link the gas systems of Bulgaria and Serbia.

This new political impetus to the project showcases the political will of all parties. Once completed, the interconnector will constitute a major contribution to the solidarity in the Energy Union. The interconnector will allow for the transfer of between 1 and 1.8 billion cubic metres of natural gas annually from Bulgaria to Serbia and 0.15 billion cubic metres from Serbia to Bulgaria. The project forms part of the EU’s Projects of Common Interest and is a priority in the context of the Central and South Eastern Europe Energy Connectivity High Level Group (CESEC).

The European Commission is contributing notably to the Serbian side of the Bulgaria-Serbia Interconnector with a Pre-Accession grant of EUR 49.6 million. The Commission is actively facilitating progress on this priority project in close contact with both the Bulgarian and the Serbian authorities.

The new gas pipeline will provide a new supply route from Bulgaria not only to Serbia, but also to other parts of the South-East European region. This will enable access to liquefied natural gas from Greece, Azeri gas from the Southern Gas Corridor, as well as gas from Black Sea offshore production, and ensure improved integration of these sources into the EU’s internal energy market.

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ASEAN youth promotes “green” entrepreneurship at ASEAN Youth Expo 2018

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ASEAN youth leaders and youth entrepreneurs showcased their efforts and creativity in promoting environment-friendly enterprises at ASEAN Youth Expo 2018 held on 3-4 May at the Grand Sahid Jaya Hotel, Jakarta.

The expo, themed “Proliferating Youth Entrepreneurship: Tacking Environmental Issue by Being Greenpreneurs”, was hosted by the Ministry of Youth and Sports of Indonesia. It was held in conjunction with the Ninth ASEAN Senior Officials Meeting on Youth (SOMY IX) and the Eighth ASEAN Plus Three Senior Officials Meeting on Youth (8th SOMY+3)

The ASEAN Youth Expo is a recurring activity under the ASEAN Work Plan on Youth 2016-2020 led by Indonesia. This year’s event aimed to strengthen collaboration among the youth in ASEAN and the Plus Three Countries in addressing environmental problems through entrepreneurship.

Each country sent four best youth representatives to join the youth-organised and youth-led event which comprised workshop, seminars, discussions, and an exhibit of the products of the youth entrepreneurs. A total of 450 youth leaders and youth entrepreneurs participated in the two-day event.

Nineteen display booths were installed featuring their “green” or environment-friendly products such as biodegradable plastic bags, fresh and processed fruits from organic and integrated farming, and other environmental friendly and recycled products.

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