Kazakhstan will complete its part of One Belt- One Road (OBOR) in 2018

BusinessKazakhstan will complete its part of One Belt- One Road (OBOR) in...

Astana, Kazakhstan: Kazakhstan will be the first country to complete construction of its part of Chinese project known as One Belt- One Road.

According to Russia media, most of One Belt One Road (OBOR) transport corridor passes through the territory of Kazakhstan for linking China with Russia and as far as Europe.

Completion of Kazakh part of OBOR by the end of the year 2018 will connect Western China to Western Europe and cargo transportation will reach Europe in record time.

Kazakhstan will complete its part of One Belt- One Road in 2018
Kazakhstan will complete its part of One Belt- One Road in 2018

It may be mentioned that China in 2013 announced a new strategy for economic development which is called “One Belt – One Road”, aimed at creating infrastructure and establishing links between the countries of Eurasia. The strategy includes two key areas of development: the economic belt of the Silk Road and the Silk Road. It is about creating a trade corridor for direct deliveries of goods from the East to the West on preferential terms.

According to experts, the delivery of cargo by land transport along this corridor will take about two weeks and corridor will become shortest possible route of China to Europe.

China is also completing its flagship project of OBOR which is China Pakistan Economic Corridor (CPEC) which will link China directly to Arabian sea through Pakistan and Middle Eastern trade of China will be done through this route.

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