Xi’s “belt and road” prioritize infrastructure
BEIJING, Jan. 6 (NsNewsWire) — President Xi Jinping‘s “belt and road” initiatives, reviving the ancient Silk Road, have infrastructure and connectivity as their top priority.
The Silk Road economic belt and the 21st century maritime Silk Road are a land-based belt from China via Central Asia and Russia to Europe, and a maritime route through the Straight of Malacca to India, the Middle East and East Africa. In 2014, the ideas began to take shape with a focus on infrastructure, reports Xinhua.
“The belt and road will start with connectivity,” said Chen Fengying, of the China Institute of Contemporary International Relations, a foreign policy think tank. “Connection is a prerequisite. Only when infrastructure bottlenecks are eliminated can the plan become really effective.”
China has plans for major projects to improve connectivity along the routes. During the Beijing APEC summit, Xi announced a 40 billion U.S. dollars Silk Road fund, declaring that before there could be any resurrection of ancient trade routes, there must be an actual road. “Only when there is a road can people and things flow,” he said.
China is currently in high-speed rail negotiations with 28 nations, most of which are along the routes, with total length of track over 5,000 km on the agenda