INGENIEUR
THEME: Transportation
Trends (April-June 2018)
KDN PP 11720/4/2013 (032270)
THE
VOL.74
APRIL-JUNE 2018
L E M B AG A J U R U TE R A M A L AY S I A
BOARD OF ENG I N E E R S MA LAY S I A
INGENIEUR
M A G A Z I N E O F T H E B O A R D O F E N G I N E E R S M A L A Y S I A
Infrastructure Connectivity- “Belt and
Road” Initiative: Building Synergy with EU
Policies and Strategies (Source: BOAO)
With the deepening of world polarisation, economic
globalisation, social informatisation, and cultural
diversification, the trend of peaceful development
is gaining momentum, while technological
revolution and innovation continue to make great
strides forward. At the same time, world economic
growth needs new driving forces, development
needs to be more inclusive and balanced. and the
gap between rich and poor needs to be bridged.
The development of the Asian and European
regions presents major opportunities and faces
many daunting challenges. The “Belt and Road”
Initiative will promote connectivity between
the Asian and European economic circles.
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Infrastructure is a key step to realising Euro-Asian
connectivity.
In a geographical sense, the Eurasian
continent is a whole, but the two sides are very
different from each other in economy, history and
culture. The “Belt and Road” initiative is a powerful
attempt at breaking such barriers. It will facilitate
the building of a community of shared destiny
between Asia, dominated by developed countries
and the economically advanced Europe, so as to
contribute to world peace and development. Last
September, Danny Alexander, Vice President and
Secretary of the Board of Directors of the Asian
Infrastructure Investment Bank (AIIB), said at the
G20 summit that infrastructure can closely link
different markets and promote trade, investment
and economic growth. In July this year, the G20
Global Infrastructure Hub released a report
predicting that by 2040, the total investment
in global infrastructure construction will reach
USD94 trillion.
Infrastructure connectivity is particularly
important for Asian-European connectivity be
it for lower transportation costs, strategic co-
ordinated effects brought about by policy co-
ordination, economic development brought about
by unimpeded trade, a financial co-operation
network brought about by financial integration, or
frequent exchanges brought about by people-to-
people ties.
‟
The “Belt and Road”
Initiative will promote
connectivity between
the Asian and European
economic circles.
Infrastructure is a key step
to realising Euro-Asian
connectivity.