The Silk Road Economic Belt and the 21st-century Maritime Silk Road, abbreviated as One Belt and One Road, is a development strategy and framework, proposed by Chinese paramount leader Xi Jinping, to bring Eurasian countries, their economies, cultures, sciences and respective development strategies together in alignment.
Government of Mongolia
Policy & Strategic Consulting
Participation of Mongolia via Economic Corridor among China, Russia, and Mongolia
Several billion USD
With OBOR, China aims to bring Eurasian countries along antic Silk Road closer and their economies more integrated. As described in Vision and Actions on Jointly Building Silk Road Economic Belt and 21st-Century Maritime Silk Road by Chinese National Development and Reform Commission, Eurasian and African countries are invited to promote common development and prosperity and a road towards peace and friendship by enhancing mutual understanding and trust, and strengthening all-round exchanges. To support related initiatives and projects by respective 60 countries across three different continents with population of over 4bln people, China has initiated the establishment of Silk Road Fund and Asian Infrastructure Investment Bank to provide equity and debt funding for suitable infrastructural projects with sustainable and reasonable returns in the medium to long term and safeguards its shareholders’ interests. Six different economic corridors are integrated into OBOR to grant access to China from mineral- and energy-rich regions: China-Mongolia-Russia Economic Corridor (CMREC); New Eurasian Land Bridge (NELB); China-Central and West Asia Economic Corridor (CCWAEC); China-Indo-China Peninsula Economic Corridor (CICPEC); China-Pakistan Economic Corridor (CPEC); and Bangladesh-China-India-Myanmar Economic Corridor (BCIMEC). China, Russia, and Mongolia intend to establish an Economic Corridor, bringing their respective initiatives together - Silk Road Initiative by China, Eurasian Economic Corridor by Russia, and Steppe Road by Mongolia.
With support by strategic stakeholders, the Project reached the milestone of Bankable Feasibility Study, which has been conducted by China Railway First Survey and Design Institute. Project details are as below:
As think thank for railway transportation, we've been following or expecting such a geopolitical development since many years. Based on our expertise, analysis, and research, we provide strategic consultancy to Government of Mongolia regarding the establishment of Economic Corridor among China, Russia, and Mongolia, for which Presidents of three countries shall sign an agreement during their meeting in Tashkent, Uzbekistan, in June 2016. Prior to that we acted as an advisory to the Ministry of Economic Development for Steppe Road Initiative.