Quotes and Quotas is a weekly digest of phrases and facts that help explain Asia’s infrastructure push.
The Japan International Cooperation Agency will provide its largest yen loan to date, equal to an estimated $4.51 billion, for the construction of a port and coal-fired power plant in Bangladesh.
State-owned shipping giant China Cosco Shipping is poised to invest over $260 million in overseas ports and logistics hubs, helping to secure President Xi Jinping's Belt and Road initiative overseas.
Indian companies have started bidding to develop Iran's Chabahar port, a strategic project for which India committed to invest an initial $500 million during Prime Minister Narendra Modi's state visit in March.
A country’s transportation infrastructure is plugged into other national and supranational networks in such a way as to impact, not just domestic economic interests, but also advance national security and foreign policy objectives.
The U.S. Navy/Marine Corps team was the only amphibious power in the Indian Ocean—but not for much longer as the People’s Liberation Army Marine Corps is over the horizon.
Japan and China are vying for influence over strategic shipping routes through the Bay of Bengal by competing for shares in various ports throughout the region.
Infrastructure is often viewed as a domestic economic issue, but throughout history, key projects have also advanced national security and foreign policy objectives.
The China-Pakistan Economic Corridor may have a great effect in Pakistan and on Pakistan-China relations, but it does not address issues of connectivity in South Asia.
Chinese infrastructure investments in Europe have spurred a range of reactions. Among the Chinese acquisitions and investments receiving attention are Greece's Piraeus Port Authority, Turkey's third largest port operator, and a 350km rail line linking Serbia with Hungary.
The fastest growing container trade in the world is intra-Asian trade. It is here that the business case for automated terminal investment is strongest.
Collaboration on infrastructure could be a promising area of mutual interest. One of China's strongest interests in the Arctic is associated with new sea lanes, yet without adequate port facilities and other infrastructure capabilities those interests may never be realized. Coordinated U.S. and China infrastructure investments could benefit both nations.
Is the “City of Gold” a miracle or a model for development?
A selection of the top projects we’re watching this year.
CPEC may have a parallel outside the infrastructure space. In the computer industry, vaporware is a term used to describe a product or piece of software that is announced but never completed.
Americans are not in the game. And, if you’re not in the game, you can’t score. If we’re serious about rebalancing our attention to Asia, we need to get involved in the new institutions Chinese and other Asians are creating.