The Belt and Road Initiative (BRI) is revolutionizing global connectivity through ambitious railway projects that span continents. As the second China International Supply Chain Expo approaches, scheduled for November 26 to 30 in Beijing, there is heightened focus on how these developments are enhancing international trade and economic growth.
A World Bank report predicts that by 2030, BRI transportation projects could boost trade among participating economies by up to 9.7%, increase foreign direct investment by nearly 5%, and raise GDP by as much as 3.4%.
Key projects driving this growth include the China-Europe freight rail service and the China-Laos Railway. Additionally, two significant undertakings are currently under construction:
- Hungary-Serbia Railway: This 350-kilometer line, constructed by Chinese companies, is a landmark project that exemplifies China’s collaboration with Central and Eastern European nations. It is expected to enhance regional connectivity and strengthen economic ties within Europe.
- China-Thailand Railway: Set to be Thailand’s first standard-gauge high-speed rail, this railway is a crucial component of the trans-Asian network. It will link Bangkok with northeastern Thailand and connect with the China-Laos Railway, facilitating seamless travel from Bangkok to Kunming, China.
These infrastructure developments are more than transportation links; they represent bridges that connect cultures, economies, and people, fostering a more interconnected and prosperous global community.
Reference(s):
cgtn.com
