ONE BELT ONE ROAD
Connecting 64 countries and over 4 billion people.
We are very excited about the One Belt One Road (OBOR) initiative being led by China. Already well underway, OBOR will create great opportunities for contractors in the region. Product and process diversification and strategic acquisitions will allow us to obtain maximum value as the initiative is executed across Asia and Europe. Our opportunity will come from the Southeast Asia region.
One Belt One Road Initiative (OBOR)
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Connects 64 countries and over 4 billion people Roadmap for how China wants to further integrate itself into the world economy and contribute to trading growth and economic development in these regions Development strategy and framework - Unveiled by Chinese President Xi Jinping in September 2013 - Framework focuses on connectivity and cooperation among countries in Eurasia New Silk Road Economic Belt will link China with Europe through Central and Western Asia 21st Century Maritime Silk Road will connect China with Southeast Asian countries, Africa and Europe To support OBOR, the Asian Infrastructure Investment Bank founded by China in 2014 with the participation of 56 other countries and is dedicated to lending for projects that are part of the initiative - In November 2014, President Xi Jinping announced plans to create a USD$40 billion development fund (The Silk Road Fund) which will be distinguished from the banks created for the initiative - Role of development fund is to lend money for projects (The Karot Hydropower Station in Pakistan was the first investment project of the Silk Road Fund) |
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