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UK pushed as China’s Belt and Road partner

Beijing, Royal HaskoningDHV

The UK could be a natural partner for delivering China’s £3 trillion Belt and Road infrastructure initiative, according to chancellor, Philip Hammond.

World political heavyweights are currently meeting at the Belt and Road Forum in Beijing where China is showcasing its plans for trading routes to link it with Asia, Europe and Africa by land and sea via roads, rail, ports, pipelines and other infrastructure.

Speaking at the forum, Hammond said: “This initiative is truly ground-breaking in the scale of its ambition spanning more than 65 countries, across four continents and it has the potential to raise the living standards of 70% of the global population.”

He added: “Central to the project is of course the need to address infrastructure challenges along the Belt and Road. Asia’s infrastructure needs alone are estimated at $26 trillion (£20bn) out to 2030 and China has already pledged to invest £3 trillion in Belt and Road countries through this initiative.

“The UK can be a natural partner in delivering this infrastructure supporting the finance, design, and delivery needed to make president Xi’s vision a reality. The UK can be a natural partner in delivering this infrastructure supporting the finance, design, and delivery needed to make president Xi’s vision a reality.”

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