One Belt, One Road Initiative

The One Belt, One Road (OBOR) initiative, also known as the Belt and Road Initiative (BRI), is a global development strategy adopted by China in 2013. This initiative aims to promote the economic integration of Asia, Europe, and Africa, as well as to enhance the connectivity of regional infrastructure and promote economic growth.

Key Aspects

• Silk Road Economic Belt: This involves improving transportation links, including roads, railways, and ports, between China and the Eurasian region.
• 21st Century Maritime Silk Road: This focuses on enhancing maritime connectivity through the South China Sea and the Indian Ocean to Africa and beyond.

Benefits

• Economic Growth: The OBOR is expected to boost trade and investment between participating countries.
• Infrastructure Development: The initiative has led to significant infrastructure projects in many countries, such as ports, airports, and highways.
• Cultural Exchange: It also promotes cultural exchange and understanding between different regions.

Projects

• Port of Hambantota: This port in Sri Lanka is one of the key projects under the OBOR.
• Balkan Express: A railway project connecting China to Europe via Bulgaria and Serbia.

Port of Hambantota

For more information on the OBOR initiative and its impact, you can visit our OBOR Project Updates.