Belt and Road initiative
2021 JUL 9
Preliminary >
International Relations > Agreements > India-China
Why in news?
- China is believed to be negotiating with Afghanistan to invest in Afghanistan's infrastructure through China's international 'Belt and Road Initiative'
About BRI:
- The Belt and Road Initiative, formerly known as One Belt One Road, is a global infrastructure development strategy adopted by the Chinese government in 2013.
- It will invest in nearly 70 countries and international organizations.
- Infrastructure projects include ports, railways, highways, power stations, aviation and telecommunications.
- "Belt" refers to the overland routes for road and rail transportation, called "the Silk Road Economic Belt"; whereas "road" refers to the sea routes, or the 21st Century Maritime Silk Road.
- The project has a target completion date of 2049 which coincides with the 100th anniversary of the People's Republic of China.
- India has decided not to Join the Belt and Road initiative.
Major Projects undertaken:
- China–Pakistan Economic Corridor
- Magampura Mahinda Rajapaksa Port/ Hambantota Port in Srilanka
- Condor Cliff and La Barrancosa dams in Argentina
- Jakarta–Bandung High Speed Rail in Indonesia
- Abuja-Kaduna railway line in Nigeria
PRELIMS QUESTION
Consider the following statements regarding “Belt and Road initiative”:
1.It was initiated in 2001 by the Chinese government.
2.It has a target completion date of 2025.
Which of the statements given above is/are correct?
(a)1 only
(b)2 only
(c)Both 1 and 2
(d)Neither 1 nor 2
Answer to prelims question