Paving New Silk Route to Alter Global Economy

Published Date : May 26, 2015

Starting with the remarkable stories of Marco Polo’s travels through Eurasia to China, the Silk Road has always been in place to enter the world. 

In modern times, the ancient cities of Baku, Samarkhand, Tashkent, and Bukhara are at this point pointing the world’s imagination.

China has undertaken the massive construction and world’s economic development project: The New Silk Road. The project is all set to bring a revolutionary change in the economic picture of the world. By many, it is also viewed as the initial shot in the fight between west and east to dominate the Eurasia region.

The project has ambitious vision, to transform the ancient Silk Road into a modern transit and economic development corridor running between Berlin and Shanghai. The ‘Road’ will run through China, Russia, Poland, Mongolia, Belarus, and Germany covering more than 8,000 miles, thus forming an economic zone to include more than one third of the earth’s circumference.

The plan also envisions to build high speed railroads, energy transmission networks, roads and highways, and fiber optic network. The cities and ports that fall along the route will be targeted for development. 

An equally important part of the project development is ‘Maritime Silk Road (MSR), a sea-based component of the development plan. The sea-based component is looked upon with same ambition as its land-based counterpart, which will link Persian Gulf with China and the Mediterranean Sea with Indian Ocean and Central Asia. 

After completion, same as the ancient Silk Road, the route will connect three continents, namely Europe, Asia, and Africa. The group of infrastructure projects will develop the world’s largest economic belt benefitting a population of 4.4 billion and churning out economic output worth US$ 21 trillion.