The Economic Advantages of a Modern Railway System in the Caribbean
Photo Credit: Pixabay As the Caribbean strives for sustainable development and regional integration, one transformative initiative that often goes unnoticed is the creation of a modern inter-island and intra-island railway system. While the region is celebrated for its breathtaking coastlines and tourism-driven economies, investing in transportation infrastructure—particularly rail—could significantly enhance economic growth, job opportunities, and environmental sustainability. 1. Enhancing Intra-Regional Trade and Logistics A contemporary railway network would facilitate the efficient movement of goods between industrial areas, ports, and markets within larger islands such as Jamaica, Trinidad, and the Dominican Republic. With effective rail cargo services: Transport expenses would decrease considerably compared to trucking. Supply chains would operate more swiftly, minimizing spoilage and inefficiencies. Ports could evolve into regional logistics centers, boosting trade within CARICO...