China Launched ‘Silk Road Project’ to boost Trade and Tourism

China-launched-Silk-Road-Infrastructure-project

Quick Facts

Ques: China recently launched which project to facilitate trade and tourism between China and Central Asian Countries?

Ans: 79.8 billion US dollars Silk Road Infrastructure Project.

Ques: Why did china launched Silk Road Infrastructure Project?

Ans: To enhance exchange of trade and tourism between China and Central Asian Countries.

News

China launched an extensive 79.8 billion US dollars Silk Road Infrastructure project in the northwest province of Gansu.

The project was launched as a part of China’s ambitious Silk Route plan.

Aim of the Project

This project is aimed at facilitating exchange of trade and tourism between China and Central Asian Countries.

Gansu province does not share its borders with any central Asian countries but it will be an important part of the Silk Road Economic Belt.

On its completion, the project will add more than 60000 kilometres of road network including 4070 km expressways. It will be a six-year Silk Road development project.

This project will also build 12 civilian airports in the next six years. Thus, expanding the air service reach to 82 percent of the province’s population.

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