Image Source: Anaklia Development Consortium
Georgia To Build Sea Port In Anaklia For Belt & Road Connection
Georgia’s Ministry of Economy & Sustainable Development announced that a $2.5bn project is unleashed to develop a deep sea port in the areas of Anaklia, located at the east coast of the Black Sea. The port will strive to compete with other Turkish ports in Black Sea to carrying goods from Asia to Europe.
Construction of the port will begin by the end of the year, and the port is estimated to start operation after 3 years of construction work. According to the Georgian government, the Anaklia Port aims to revitalize the Caucasus and Central Asia region by opening up trade routes for neighbours and landlocked nations.
Image Source: AFP
First China-Iran Cargo Train Arrives At Destination
Trading and business activities have been reviving quickly in the country soon after sanctions to Iran were lifted earlier this year. The very first cargo train that runs from Zhejiang province in China made its way to Iran’s capital on Monday.
Running through Kazakhstan and Turkmenistan, it would take about 14 days to transport goods from Shanghai to Tehran – 30 days quicker than taking the marine route.
According to Mohsen Pourseyed Aqayi, the head of the Iranian railway company, they are also looking to extend the railway to Europe in the future.
Image Source: pixabay
Opening Development Index of Chinese Belt & Road Cities Released ;
Chongqing Most Improving in Chinese B&R Cities
The independent Kaidi Data Research Centre from Guangzhou (a subsidiary under Nanfang Media) has recently released a report on cities in China, based on their performance on opening and development under the regime of the Belt and Road Initiative.
A sum of 18 factors including economic cooperation, trade and investment, information flow, research and technology are taken into consideration.
Among all maritime silk road cities and provinces, Shanghai comes first, followed by Guangdong and Fujian. At the “Belt”, the top three are Chongqing, Shaanxi and Xinjiang respectively.
Although the indices of those areas on the “Road” remain higher on average, Chongqing’s improvement on openness tops all areas and cities from both “Belt” and “Road” within the country. According to the report, trade and investment are the most outstanding aspects of Chongqing.
On the other hand, Guangdong has shown a significant economic restructuring from manufacturing to science, technology and innovation, with its investment flow and openness to technology research top all other places in the country.