The Conceptual Model of Belt and Road Infrastructure Projects

Jelena M. Andrić, Jiayuan Wang (), Patrick X. W. Zou and Ruyou Zhong
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Jelena M. Andrić: Shenzhen University
Jiayuan Wang: Shenzhen University
Patrick X. W. Zou: Swinburne University of Technology
Ruyou Zhong: Shenzhen University

A chapter in Proceedings of the 23rd International Symposium on Advancement of Construction Management and Real Estate, 2021, pp 325-340 from Springer

Abstract: Abstract The Belt and Road (B&R) Initiative is a Chinese Policy with the aim to gain greater international influence of China, connect and raise regional cooperation and development of vast regions in Asia, Europe and Africa. Behind the Policy, opportunities arise for many countries along the Silk Road route. However, opportunities are always followed by risks. In this paper, the conceptual model for B&R projects is developed and opportunities and risks in B&R projects are investigated. The conceptual model of B&R projects is based on the three essential agreements: agreements on cooperation between the Chinese government and the government of B&R country, the commercial contract of B&R project between the Chinese Contractor and the government of B&R country, and loan agreement between the Chinese bank and the government of B&R country. Opportunities in B&R projects lie in the following sectors: Infrastructure; Energy and resources; Banking; Transport and trade; Manufacturing; Financial services; Agriculture; Healthcare; Tourism; E-commerce and logistics; and Culture and education. In total, 43 risks in B&R projects are identified, which are grouped into three categories: risk related to B&R Policy, construction market and project.

Keywords: Belt and Road Initiative; The silk Road economic belt; The 21st maritime silk road; Infrastructure projects; Opportunities; Risks (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-15-3977-0_24

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DOI: 10.1007/978-981-15-3977-0_24

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