Belt and Road projects: past, present and future
Under the initiative’s five co-operation priorities of policy co-ordination, facilities connectivity, unimpeded trade, financial integration and people-to-people bonds, there is a batch of projects, such as transport construction and industrial infrastructure, in full swing or which have already yielded fruitful results.
Here are some of the amazing projects achieved worldwide under the initiative.
Infrastructure projects
Railways
Jakarta-Bandung high-speed rail, Indonesia
The 142km Jakarta-Bandung high-speed railway, connecting the Indonesian capital Jakarta with Bandung, is now under construction after China and Indonesia signed an agreement in October 2015 to establish a joint venture to build and operate it.It is being constructed and operated by a China-Indonesia consortium of companies led by China Railway Corp and the Indonesian state-owned PT Wijaya Karya Tbk, and is to be funded mainly by loans from China Development Bank.
The high-speed rail, the first of its kind in South-east Asia, will have a maximum design speed of 350 km/h and is capable of transporting passengers and goods within 45 minutes between Jakarta and Bandung.
Abuja-Kaduna railway, Nigeria
The Abuja-Kaduna railway, as the first segment of the Lagos-Kano standard-gauge project, the first standard gauge railway in Nigeria and West Africa, was officially inaugurated and started commercial operation on 26 July 2016.By 11 January, the train service had carried 1.23 million passengers and had safely operated for 900 days without any major accident.
Ethiopia-Djibouti railway
The Ethiopia-Djibouti railway, the first electrified line in East Africa built to Chinese standards and with Chinese equipment, officially commenced commercial operations in January 2018.The railway has reduced travel time from the Djibouti port to Addis Ababa to less than 12 hours from the previous three days.
China-Laos railway
The 414-km China-Laos Railway runs from Boten, the northern Lao town bordering the south-western Chinese province of Yunnan, to Vientiane, capital of Laos, with an operating speed of 160km/h.It is a strategic project aligning the Belt and Road Initiative and Laos’ strategy to convert from a landlocked country to a land-linked hub.
Ports
Colombo Port City, Sri Lanka
The China-funded Colombo Port City, the largest project between China and Sri Lanka under the Belt and Road Initiative, completed land reclamation of 269 hectares (665 acres) in January.The $1.4bn project, co-developed by the Sri Lankan government and the China Communication Construction company, is expected to bring 83,000 jobs to locals in 20 years.
Piraeus Port, Greece
Piraeus is the largest port in Greece. On 10 August 2016, the Cosco Shipping (Hong Kong) company, a subsidiary of China Cosco Shipping Group, became a controlling shareholder of the port and started operating the facility.The port, as an important meeting point of the Silk Road Economic Belt and the 21st-Century Maritime Silk Road, has become one of the fastest-growing container ports in the world in recent years.
Under the joint operation of Chinese and Greek enterprises, the port’s infrastructure conditions and operational capabilities have been greatly improved. The freight hub has become increasingly prominent, not only providing more jobs but also promoting local economic development and becoming a model of win-win co-operation under the Belt and Road Initiative.
Doraleh multipurpose Port, Djibouti
The Doraleh multipurpose port in Djibouti, constructed by China State Construction Engineering Corp (CSCEC), opened on May 24, 2017.Zeebrugge terminal, Belgium
The Chinese Cosco Shipping signed an agreement with the Port of Zeebrugge on 22 January 2018 for a 50-year concession on the CSP Zeebrugge terminal.Muara Port, Brunei
Muara Port has the largest container terminal and is also the main international trade passage for Brunei. In February 2017, the container terminal of the port was handed over to the Muara Port Company Sdn Bhd, a joint venture established by China’s Beibu Gulf Port Group and Brunei’s Darussalam Asset.Gwadar port, Pakistan
From a small, remote and underdeveloped Pakistani fishing village on the Arabian Sea, Gwadar port now has a fully functional port terminal, a business centre and a free zone.According to the COPHC, dozens of companies in fields such as hotels, banking, logistics, food, steel, fish processing and renewable resources have entered the free zone.
Bridges
Temburong Bridge, Brunei
The Temburong Bridge, the largest infrastructure project in Brunei’s history, will become the country’s longest sea-crossing bridge with a total length of about 30km. It is scheduled to open to traffic by the end of November this year.Peljesac Bridge, Croatia
One of the biggest infrastructure projects in Croatia’s history, the Peljesac Bridge is designed to link the mainland of Croatia with its southernmost Dubrovnik-Neretva county.The project, whose estimated value is more than €400m ($485m), will be partially sponsored by European Union funds. Croatian Prime Minister Andrej Plenkovic said in April the 2.4km-long, 55m-high bridge is highly rated by the Croatian people.
Padma Bridge, Bangladesh
The Padma Bridge, 25m wide and 10km long, will be built over the Padma, one of the three major rivers in Bangladesh.The bridge is the country’s largest infrastructure project, as well as the largest foreign bridge project undertaken by Chinese companies in terms of total cost.
Once completed, travel time between the capital, Dhaka, and the southern city of Khulna will be shortened to about three hours from 13.
Industrial projects
Punta Sierra wind farm, Chile
With 32 turbines by the sea, the Punta Sierra wind farm has been in operation since 4 February 2018.It is the first Pacific Hydro wind farm in Chile and the first wind farm invested in by China in the South American country.
The $150m project, financed and constructed by the China State Power Investment Corporation, has an installed capacity of 82MW and will generate about 282GWh/year, which can meet the electricity demands for 130,000 households and reduce carbon emissions by 157,000 tonnes per year.
Yamal LNG project, Russia
Located in the Yamal Peninsula of the Russian Arctic, the Yamal liquefied natural gas project reached full production capacity with its three production lines, each of which has a capacity of 5.5 million tonne per year, with operations starting in December 2017, August 2018 and December 2018 successively.It is owned by the Russian Novatek (50.1 per cent), the French Total (20 per cent), and the Chinese National Petroleum Corporation (20 per cent) and Silk Road Fund (9.9 per cent).
Isimba hydropower station, Uganda
Construction of the Isimba hydropower station in Uganda was completed on 21 March. The project cost an estimated $568m, with 85 per cent coming from a concessional loan provided by the Export-Import Bank of China. Uganda provided the rest of the funding.The power plant is intended to address a power shortage that experts say affects Uganda’s economic development. Construction started in 2015 and hired more than 3,000 workers, of whom 85 per cent were Ugandans.
Uyuni 350KTPA potash plant, Bolivia
The Uyuni 350KTPA Potash Plant in Bolivia, constructed by China CAMC Engineering, started operations on 7 October 2018. It is the third-largest potash plant in South America, and its completion marks the first time in the history of the Bolivian people that they have owned their own potash plant.Industrial park project
China-Belarus Industrial Park, Belarus
The China-Belarus Industrial Park, located 25km from Minsk and covering an area of 91.5sq km, is the first special economic area in Belarus and the largest intergovernmental co-operation project between China and Belarus.Among the 43 companies, 26 are from China, 10 from Belarus and seven from other countries, including the United States and Russia. The companies have signed agreements to make total investments of more than $1bn in the park.
Economic and trade co-operation zone
China-Egypt Suez Economic and Trade Co-operation Zone
The China-Egypt Suez Economic and Trade Co-operation Zone, located in the Ain Sokhna district of Suez province east of Cairo, has become a landmark project for China and Egypt’s co-operation under the Belt and Road Initiative.In January 2016 the second phase of the zone, which covers an area of 6sq km, was inaugurated. By February this year, infrastructure construction for 2sq km of the second phase has finished, and eight industry-leading enterprises are already onboard with an investment of $200m.
International free trade zone
Djibouti International Free Trade Zone, Djibouti
The China-funded Djibouti International Free Trade Zone, on which construction started in January 2017, opened on 5 July 2018.More than 20 enterprises from the commerce, logistics and processing sectors have signed letters of intent to register with the zone, as infrastructure in the first phase, which covers an area of 6sq km, has been basically completed.
The FTZ is expected to become a crucial junction linking other African countries involved in the Belt and Road Initiative, and make Djibouti, the small country in north-east Africa, a marine logistics hub linking Africa, Asia and Europe.
Wang Zhuoqiong, Liu Kun, Zhou Lihua, Jiang Xueqing, Zhong Nan, Xinhua News Agency and People’s Daily contributed to this story.
This article was originally produced and published by China Daily. View the original article at chinadaily.com.cn
Comments
Post a Comment