语言切换
CN
EN
News

Bangladesh can walk a long way thanks to BRI

Date: 2019-11-29
Views: 10

Since Bangladesh joined the initiative, several BRI projects have already been implemented and people of Bangladesh are reaping dividends of those projects. The Bangladesh Power System Upgrade and Expansion Project is a successful example. This project has benefited more than seven million Bangladeshis by helping to provide electricity connections to over 2.5 million rural people.

Every project has created a huge number of jobs bringing about enormous socio-economic developments in Bangladesh and contributing to the improvement of people's livelihoods.

The China-backed Karnaphuli Multi-Channel Tunnel Project is now underway. Once completed, the tunnel will connect the port city of Chittagong to the far side of the Karnaphuli River the site of a new Chinese economic zone. It will shorten travel time from four hours to just twenty minutes. The Special Chinese Economic Zone, another BRI project in the south of Bangladesh, will have the capacity to house 150-200 industrial units and will focus on a range of different industrial sectors, including shipbuilding, pharmaceuticals, electronics, agro-business, IT, chemicals, power and textiles. 

The 750-acre economic zone is set to create more than 75,000 jobs, a boon to the huge number of unemployed youths in Bangladesh.

The Padma Bridge rail link, upon fruition will cut the travel time from Dhaka to Kolkata the capital of Indian state of West Bengal, from nine hours to about four. The bridge will ease pressure on the country's premier seaport in Chittagong as it will bolster the second largest Mongla seaport in Bagerhat. 

Apart from these examples, China has been contributing to the production of electricity in Bangladesh by investing in different power plants throughout the country. The South Asian country will need to produce 34,000 megawatts more electricity by 2030 to sustain its current rate of economic growth. Bangladesh can benefit from the construction of Chinese-funded power stations under the BRI because the cost of power produced in Chinese power plants is significantly cheaper. 

With such investments and other cooperation deals, the BRI has created enormous opportunities for Bangladesh to reach its goal of becoming a middle-income country.

Economists are of the view that the country has to diversify its export markets and goods as well as explore new markets for its human resources to maintain its remittance inflows which are considered the lifeline of its fast-growing economy. 

In this case, the BRIwith its principles of extensive consultation and joint contributions for mutual benefits has come as a huge opportunity for Bangladesh.

The South Asian country can walk a long way thanks to the BRI's enormous potential and its global network across Asia, Africa and Europe. 


Copyright ©2005 - 2013 ICCC
犀牛云提供企业云服务
Beijing Shanghai Guangzhou Chongqing Fuzhou Chengdu Nanjing Hangzhou Ningbo Haikou Suzhou Shenzhen Hongkong Frankfurt Toronto Melbourne Taiwan
400-857-5885

邮编:330520