What is OBOR project?
Answers
They contain following six economic corridors: New Eurasian Land Bridge that connects Western China to Western Russia, China – Mongolia – Russia Corridor that connects North China to Eastern Russia via Mongolia, China – Central Asia – West Asia Corridor that connects Western China to Turkey via Central and West Asia, China – Indochina Peninsula Corridor that connects Southern China to Singapore via Indo-China, China – Pakistan Corridor that connects South Western China through Pakistan to Arabia sea routes, and Bangladesh – China – India – Myanmar Corridor that connects Southern China to India via Bangladesh and Myanmar. Additionally, the maritime Silk Road connects coastal China to the Mediterranean via Singapore-Malaysia, the Indian Ocean, the Arabian Sea and the Strait of Hormuz.Answer: The One Belt One Road (OBOR), the brainchild of Chinese President Xi Jinping, is an ambitious project that focuses on improving connectivity and cooperation among multiple countries spread across the continents of Asia, Africa, and Europe. Dubbed as the “Project of the Century” by the Chinese authorities, OBOR spans about 78 countries.
Explanation:
Initially announced in the year 2013 with a purpose of restoring the ancient Silk Route that connected Asia and Europe, the project's scope has been expanded over the years to include new territories and development initiatives. Also called the Belt and Road Initiative (BRI), the project involves building a big network of roadways, railways, maritime ports, power grids, oil and gas pipelines, and associated infrastructure projects.
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The project covers two parts. The first is called the “Silk Road Economic Belt,” which is primarily land-based and is expected to connect China with Central Asia, Eastern Europe, and Western Europe. The second is called the “21st Century Maritime Silk Road,” which is sea-based and is expected to will China’s southern coast to the Mediterranean, Africa, South-East Asia, and Central Asia. The names are confusing as the ‘Belt’ is actually a network of roads, and the ‘Road’ is a sea route.