Promoting the Belt and Road Infrastructure Construction

Abstract

With underdeveloped infrastructure, critical demand for significant construction funds, relatively weak economy and small scale of trade, most countries along the Belt and Road have difficulty conducting investments in the construction and operation of infrastructure through market mechanisms in the short term. Moreover, their infrastructure construction and operation also face greater uncertainties and risks. Compared with domestic infrastructure construction, higher coordination costs are required because of the lack of a central coordination mechanism for infrastructure construction in countries along the Belt and Road. In view of the status quo of their infrastructure development, the role of institutions and platforms such as the AIIB and Silk Road Fund should be fully utilized to incite other social capital to participate in the infrastructure development. At the same time, it is necessary to create conditions for promoting infrastructure cooperation with countries along the Belt and Road, and use market-based mechanisms to promote infrastructure development of countries along the Belt and Road.