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OpEdNews Op Eds    H3'ed 4/28/19

China's Belt and Road Forum ends with signing of deals worth $64 billion

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Like in first BRF meeting in 2017, India also boycotted the forum over its objections on the $60 billion China-Pakistan Economic Corridor (CPEC).

Economic corridors & connectivity projects

The joint communique also carried an annexe mentioning names of "Economic corridors and other projects catalyzed and supported by connectivity".

The Annex included in Asia 16 projects supported by connectivity: (1) Baku-Tbilisi-Kars new railway line and Alyat free economic zone in Baku; (2) Brunei-Guangxi economic corridor; (3) China-Central Asia-West Asia economic corridor; (4) China-Indochina Peninsula economic corridor, including Laos-China economic corridor; (5) China-Kyrgyzstan-Uzbekistan International Highway; (6) China-Laos-Thailand Railway Cooperation; (7) China-Malaysia Qinzhou Industrial Park; (8) China-Mongolia-Russia economic corridor; (9) China-Myanmar economic corridor; (10) China-Pakistan economic corridor; (11) Eastern Economic Corridor in Thailand; (12) Economic corridor in Greater Mekong Subregion; (13) Malaysia-China Kuantan Industrial Park; (14) the Nepal-China Trans-Himalayan Multi-dimensional Connectivity Network, including Nepal-China cross-border railway; (15) the New International Land-Sea Trade Corridor of the China- Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity; (16) Regional Comprehensive economic corridors in Indonesia and (17) Uzbekistan-Tajikistan-China International Highway.

The Annex included seven projects supported by connectivity in Europe: (1) China-Europe Land-Sea Express Line; (2) the EU Trans-European Transport Networks; (3) Europe-Caucasus-Asia International Transport corridor and TransCaspian International Transport Route; (4) the Industrial Park "Great Stone" Belarus; (5) New Eurasian Land Bridge; (6) the Port of Piraeus and (7) Transcontinental shipment of cargo using the capacities of the Northern Sea Route.

In Africa, seven Economic corridors and other projects were listed in the annex: (1) Addis Ababa-Djibouti economic corridor, including the development of industrial parks along the economic corridor; (2) the Lake Victoria-Mediterranean Sea Navigation Line-Linkage Project (VICMED); (3) the Lamu Port-South Sudan-Ethiopia Transport corridor; (4) Northern Corridor Trade Route in Africa linking the maritime port of Mombasa to countries of the Great Lakes region of Africa and Trans-Africa Highway; (5) North-South Passage Cairo-Cape Town Pass-way; (6) Port Sudan-Ethiopia Railway Connectivity and (7) the Suez Canal Economic Zone.

China is lending huge sums of money for infrastructure projects in countries from Asia to Africa and Europe. It has clarified that less than 20 per cent of the CPEC projects are based on loans provided by it and rest of the 80 per cent ventures are either directly invested by Beijing or used Chinese grants.

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Author and journalist. Author of Islamic Pakistan: Illusions & Reality; Islam in the Post-Cold War Era; Islam & Modernism; Islam & Muslims in the Post-9/11 America. Currently working as free lance journalist. Executive Editor of American (more...)
 
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