Wednesday, June 17, 2015

China wants to revive silk route with high speed rail link between Kolkata and Kunming


#BCIM #silkroute #kunming #kolkata #lookeastpolicy China wants to revive the ancient silk route and to do this, it wants to set up high speed rail link between Kunming and Kolkata – the ancient silk route used to traverse through Myanmar and Bangladesh.
This has been reported in zeenews.com dated 18 June 2015.
This nearly 2800-Km rail route could be a critical component for the BCIM corridor that seeks cross border trade and flow of people. BCIM is the Bangladesh-China-India-Myanmar multi-model corridor project which has been initiated by China.
In the opinion of China, such a high speed corridor would help the economies of Myanmar and Bangladesh and there ae possibilities of getting funding from multilateral bodies like the Asian Development Bank.
China has pledged USD 40 billion for the silk route which is expected to have a trade potential of USD 132 billion. At present Kunming, the capital of Southwest China's Yunnan province, is connected to Kolkata and efforts are on to strengthen connectivity by starting flights between Kunming and New Delhi from next month. The service would be started by Shandong Airlines.
China has been impressed by the ‘look east policy’ of Prime Minister Narendra Modi and expects "active participation" from India to take ahead the BCIM and China-India peninsula corridor projects.
(Image courtesy wikimediacommons.org)

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