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Belt and Road Initiative
China is a world leader in infrastructure investment and The Belt and Road Initiative (BRI) is a global development strategy adopted by the Chinese government involving infrastructure development and investments in 152 countries and international organizations in Asia, Europe, Africa, the Middle East, and the Americas.
The Chinese government calls the initiative "a bid to enhance regional connectivity and embrace a brighter future"
A report released from the World Bank Group Transport infrastructure projects under the Belt and Road Initiative have the potential to "substantially" boost trade and reduce poverty in participating economies, as well as to generate a positive impact for the wider global economy.
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To achieve the full potential of the BRI, the report called for joint efforts from China and other participating economies to adopt deeper policy reforms, and adhere to high quality standards of transparency, environmental, social and debt sustainability.
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"If fully implemented, BRI transport infrastructure can reduce travel times for economies along transport corridors by up to 12 percent, reducing trade costs," the report said, after assessing the network of proposed transportation projects in about 70 countries along land and maritime BRI corridors that connect Asia, Europe, and Africa
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"Belt" refers to the overland routes for road and rail transportation, called "the Silk Road Economic Belt"; whereas "road" refers to the sea routes.
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To achieve the goals of the Belt and Road initiative a number of very large Chinese companies with approved budget spend, are looking for infrastructural projects or operations in the UK and beyond to add to their own portfolio.
Premier Sourcing receives its instructions directly from the Boardrooms of State run companies in China that are involved in the success of the Belt and Road Initiative.
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The following in the UK or Europe are of special interest:
Logistics Hubs, including Business Parks and Distribution Sites, Container Depots, Rail Hubs and Ports.
Should you wish to meet and explore the possibilities of being a part of the Belt and Road initiative please email: dennis@premier-sourcing.com
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