BRI 2.0: How to Follow the Call for International Triple-win Cooperation with Sustainable and High-quality Infrastructure Projects?

Siemens AG

Ⅰ. Introduction

In 2013, Chinese President Xi Jinping introduced the idea of the Belt & Road Initiative (BRI), at the time called “One Belt One Road” (OBOR),with its objectives to improve the connectivity between Asia, Africa and Europe, to foster trade and to support the economic development in countries along this modern Silk Road. Since then, the group of participating countries has grown from originally 69 to more than 100 countries. BRI coverage has even expanded to the regions of Latin-/South America and the Pacific.

More than 3.000 (infrastructure) projects have meanwhile been realized in approx. 80 BRI countries, mainly in the area of power generation, power transmission, renewables, ports, roads, bridges, railways, oil & gas and industry parks. The expenses and investments of those projects are estimated at a total amount of more than 400 billion USD.

In October 2018, BRI celebrated its 5th anniversary. Since 2013, many BRI-related project experiences were made both on the side of Chinese investors and on the side of the receiving BRI countries. In parallel, many globally relevant economic and geopolitical parameters have changes dramatically in the past 5 years.

Therefore it is appropriate at this point in time to review these made experiences and to derive recommendations for future BRI activities in order to turn BRI into a true Tripe Win scenario for all parties involved.

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