China’s Belt and Road Initiative Continues to Show Promise

Niklas Bergmann, Route Development Manager for North Asia, reports that China’s Belt and Road Initiative, sometimes referred to as the New Silk Road, is undergoing a boom due to COVID-19.
First unveiled as “One Belt, One Road” (OBOR) by Xi Jinping in September 2013, the project has achieved its plans within a short time frame.
Niklas notes that there are a number of benefits to rail transit, including cost savings, flexibility, and improved transit times, among others. Read more of Niklas’ insights in our June newsletter. Bloomberg also recently reported on developments in the project.