The Belt & Road Initiative



What is the BRI?

In 2015, China announced the “Belt & Road” Initiative, also dubbed the “New Silk Road”. This is one of the largest infrastructure project to date, with mass development and investment involved. While there is no exact border, it is generally interpreted as a network of overland corridors (New Silk Road Economic Belt) and maritime routes (21st Century Maritime Silk Road)

The BRI covers 5 aspects on a broad scale. Policy coordination to support large scale infrastructure development projects; Facilities which service the purpose of connecting countries along the Belt and Road; Cultural exchange between people; Financial integration and collaboration; Cross-border trade investment and supply chain cooperation.



Major economic Corridors

- The New Eurasia Land Bridge Economic Corridor
- The China-Mongolia-Russia Economic Corridor
- The China-Central Asia-West Asia Economic Corridor
- The China-Indochina Peninsula Economic Corridor
- The Bangladesh, China, India, Myanmar Economic Corridor
- The China-Pakistan Economic Corridor

The large coverage and scale indicate that no land will be able to avoid the impact of what will be a new EuroAsia era.



Impact

The New Silk Road developments will influence us all. For the logistics industry in particular, it means: Rail transport becomes a viable 3rd option, which is cheaper than air freight, but much faster than sea freight; New intermodal terminals and logistics hubs that can be utilized; Having the right connections with China, and also other countries along the BRI has never been more important; While the sea freight market is becoming more saturated, there is still growth potential in providing more efficient intermodal supply chains.



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