One Belt-One Road Infrastructure Investment: Motivations, Regional Imbalance and Public-Private Partnership (PPP) Models
19 Pages Posted: 28 Sep 2018
Date Written: June 21, 2018
The development of the One Belt-One Road (hereafter OBOR) initiative was swift and efficient, especially in infrastructure investment. This article discusses the motivations behind the countries participating in infrastructure investment and the current developments in OBOR projects. Considering the regional imbalance and disparities, China will still be a leading country in infrastructure investment and it is unlikely that a central governance body in charge of making universal binding decisions between the OBOR countries will be established in the near future. However, by flexibly adopting Public-Private Partnership (PPP) investment models, cooperation in the One Belt-One Road initiative will become more practical through the spreading of responsibilities, revenues, and risk between Chinese investors and local governments.
Keywords: Infrastructure Investment, Motivations, Public-Private Partnerships (PPPs), Regional Imbalance and Disparities
JEL Classification: K20, K10, M20
Suggested Citation: Suggested Citation