A Japan-led consortium is set to abandon a Turkish nuclear power project that had been touted as a model for Tokyo's export of infrastructure. The delayed project's construction costs have doubled to around $44 billion, making it difficult for lead builder Mitsubishi Heavy Industries and its partners to continue with the plans.
Browse our analysis section for news and articles on topics such as China's Belt and Road Initiative (OBOR), the Competing Visions of Japan, India, and other regional powers, and the stakes for U.S. policy.
China will contribute $3.6 billion to Turkey for infrastructure projects in order to expand its Belt and Road Initiative and mitigate the impact of Turkey's economic crisis.
The plummeting Turkish Lira may serve as a warning for emerging Asian economies who own significant BRI infrastructure debt. A drop in domestic currency can cause a crisis when time to repay debts, which are typically denominated in USD, according to the Nikkei Asian Review.
China-led Asian Infrastructure Investment Bank announced that it will invest $3.5 billion this year to India, Bangladesh, Turkey and Egypt for projects aimed at strategically connecting Asia and Africa.
Japan's infrastructure export ambitions face an uncertain future following a move by Japanese trading house Itochu to pull funding for the construction of a nuclear power plant in Turkey. Itochu's departure was driven by a sharp increase in safety-related costs following the Fukushima nuclear disaster, which caused the estimated total project cost to balloon from two to five trillion yen.
As Europe disappears, Asia coheres. The supercontinent is becoming one fluid, comprehensible unit of trade and conflict, as the Westphalian system of states weakens and older, imperial legacies – Russian, Chinese, Iranian, Turkish – become paramount.
The magnitude of the Balkan Silk Road project poses a mixture of opportunities and policy challenges for countries engaging in or seeking to benefit from its implementation.
The inauguration of the Baku-Tbilisi-Kars (BTK) railway has opened the possibility of a southern route for trade between China and Europe.
CSIS's leading regional experts discuss how the ambitious connectivity visions of regional powers across Eurasia could re-shape the future of the super-continent.
When operational, the Baku-Tbilisi-Kars railway could unlock new trade patterns and shift Eurasia’s economic center of gravity inward. The potential gains are significant, but so are the obstacles in laying the Middle Corridor of the New Silk Road.
South Korean companies are investing heavily in Turkey, including a number of large-scale Infrastructure projects, taking advantage of a free trade agreement that took effect in 2013.
Preparing for our trip along the Silk Road has been about adapting – to different regulations, technological barriers, and financial challenges.
A selection of the top projects we’re watching this year.