Abstract
The OBOR-One Belt One Road initiative has potential to enable further development of the Port of Rijeka. The European seaports are important for China in the development of the OBOR initiative, especially the ports on the Maritime Silk Road (MSR) corridor of the OBOR. Chinese investors i.e. terminal operators in the past two decades have strategically invested in the European seaports to strengthen their position and obtain the OBOR goals. European seaports got the opportunity to improve their business through Chinese infrastructure investments and through China’s trade dominance which can bring more cargo to the European seaports. Thus, the OBOR i.e. Maritime Silk Road-MSR provide new possibilities for further development of the Port of Rijeka. The Chinese investors expressed their interest to invest in the Port of Rijeka, but concrete investments and collaboration regarding OBOR have not been realized. In this paper, the OBOR goals in Europe and the current status of OBOR in Europe will be identified. Strategic activities of China in the European seaports will be analyzed. The perspective the Port of Rijeka in the OBOR initiative i.e. MSR corridor will be elaborated according to the analyzed Chinese strategic activities in the European seaports and relevant aspects of the Port of Rijeka business: geo-traffic position, position on the OBOR corridors i.e. MSR corridor, membership in the NAPA – North Adriatic Port Association, shipping services and railway services, port infrastructure and investments.
Highlights
Since its beginning in 2013, the One Belt One Road Initiative (OBOR) (One Belt One Road) initiative has been considered in Europe as a threat or opportunity
European seaports recognize the opportunities from the OBOR initiative, especially in infrastructure investments and trading opportunities since China is a leader in trade
The Port of Rijeka has the potential to become an important seaport in the OBOR initiative i.e. Maritime Silk Road (MSR) corridor because of various aspects
Summary
Since its beginning in 2013, the OBOR (One Belt One Road) initiative has been considered in Europe as a threat (mostly for the official EU institutions) or opportunity (for seaports and other industries). China has already conducted a comprehensive strategy of investments in European seaports and railway connections before the official beginning of the OBOR through which was prepared the basis for the OBOR development. The analysis is provided according to aspects which authors consider as relevant based on the conducted research of the relevant literature about OBOR initiative, the goals of the OBOR initiative in Europe, Chinese investments in the European seaports and according to the relevant aspects of the Port of Rijeka business. The perspective of the Port of Rijeka in the OBOR initiative is analyzed according to the following aspects: geo-traffic position, position on the OBOR corridors i.e. MSR corridor, membership in the NAPA – North Adriatic Port Association, shipping services and railway services, port infrastructure and investments
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