How national logistics parks and inland waterways initiatives will support the socio-economic benefits of the One Belt, One Road initiative
China’s One Belt, One Road (OBOR) initiative has been mobilising vast resources – from both public budgets and private enterprises – for one of the largest construction projects in history. The official numbers put the price tag at nearly a trillion dollars. The immense size of many OBOR projects has resulted in scrutiny from critics and admirers around the world.
However, one key element is not receiving much attention, and that is China’s intense focus on new real estate construction, especially the use of public-private partnerships (PPPs) to improve critical facilities where logistics services are provided. These are seen by OBOR as priority construction projects, as they serve as vital links in the chain of global commerce. These are the projects which make multimodal freight transport more efficient.
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