China on 28 February 2015 launched a massive Silk Road Infrastructure project worth 79.8 billion US dollars in the northwest province of Gansu. The project was launched as a part of China’s ambitious Silk Route plan.
This project will facilitate exchange of trade and tourism between China and central Asian Countries. Gansu province does not share its borders with any central Asian countries but it will be an important part of the Silk Road Economic Belt.
On its completion, the project will add more than 60000 kilometres of road network including 4070 km expressways. It will be a six-year Silk Road development project.
This project will also build 12 civilian airports in the next six years. Thus, expanding the air service reach to 82 percent of the province’s population.
The project aims to revive China’s trade links, its declining exports and will globally enhance its sphere of influence.
The Silk Road Infrastructure projects are part of China’s ambitious Silk Route plan, which involves maze of roads and ports connecting Asia, Europe and Africa.
Where: Northwest province of Gansu
What: Launched by China
When: 28 February 2015