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The Conceptual Model of Belt and Road Infrastructure Projects

In: Proceedings of the 23rd International Symposium on Advancement of Construction Management and Real Estate

Author

Listed:
  • Jelena M. Andrić

    (Shenzhen University)

  • Jiayuan Wang

    (Shenzhen University)

  • Patrick X. W. Zou

    (Swinburne University of Technology)

  • Ruyou Zhong

    (Shenzhen University)

Abstract

The Belt and Road (B&R) Initiative is a Chinese Policy with the aim to gain greater international influence of China, connect and raise regional cooperation and development of vast regions in Asia, Europe and Africa. Behind the Policy, opportunities arise for many countries along the Silk Road route. However, opportunities are always followed by risks. In this paper, the conceptual model for B&R projects is developed and opportunities and risks in B&R projects are investigated. The conceptual model of B&R projects is based on the three essential agreements: agreements on cooperation between the Chinese government and the government of B&R country, the commercial contract of B&R project between the Chinese Contractor and the government of B&R country, and loan agreement between the Chinese bank and the government of B&R country. Opportunities in B&R projects lie in the following sectors: Infrastructure; Energy and resources; Banking; Transport and trade; Manufacturing; Financial services; Agriculture; Healthcare; Tourism; E-commerce and logistics; and Culture and education. In total, 43 risks in B&R projects are identified, which are grouped into three categories: risk related to B&R Policy, construction market and project.

Suggested Citation

  • Jelena M. Andrić & Jiayuan Wang & Patrick X. W. Zou & Ruyou Zhong, 2021. "The Conceptual Model of Belt and Road Infrastructure Projects," Springer Books, in: Fenjie Long & Sheng Zheng & Yuzhe Wu & Gangying Yang & Yan Yang (ed.), Proceedings of the 23rd International Symposium on Advancement of Construction Management and Real Estate, pages 325-340, Springer.
    • Handle: RePEc:spr:sprchp:978-981-15-3977-0_24
    DOI: 10.1007/978-981-15-3977-0_24
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