TransportXtra features news, opinion and analysis from the UK transport policy & planning;
passenger transport; urban development & parking industries.

May to raise Chinese firm domination of Beijing-backed infrastructure projects, reports say

Lee Baker
31 January 2018
A map of the One Belt, One Road initiative
A map of the One Belt, One Road initiative

 

The Prime Minister is raising whether China's Belt and Road initiative to invest in infrastructure in Asia and central and eastern Europe meets "international standards," it is reported.

The Financial Times  said that projects under the initiative have been criticised for their lack of financial transparency and their reliance on Chinese contractors, quoting a recent study by the Center for Strategic and International Studies which claimed that Chinese companies receive 89% of the contracts for Beijing's projects in Asia and Europe. Theresa May was quoted by the press, en-route for her current visit to the country, as saying that she wanted "international standards adhered to" in the delivery of the projects.

The CNBC claimed that the initiative, which at one point included 65 countries, could boost China's economy while attracting more investment and trade along the route. It asserted that May's reservations about the initiative were notable since China launched its first freight service by train to the U.K last year, running from the Chinese city of Yiwu in the eastern Zhejiang province, to Barking in London in the U.K. The China-Britain Business Council has said that there is a role for Britain's companies in the delivery of the initiative.

 
 
Transportation Planning Officer x2
Sandwell Metropolitan Borough Council
Sandwell
£29,055 - £33,136 per annum
Principal Transport Planner
Leicestershire County Council
Leicestershire
£39,903 to £44,082
Senior Transport Officer (Policy)
St Helens Council
St Helens, Merseyside
£31,401 to: £34,106 per annum
View all Vacancies
 
Search
 

TransportXtra is part of Landor LINKS

© 2018 TransportXtra | Landor LINKS Ltd | All Rights Reserved

Subscriptions, Magazines & Online Access Enquires
[Frequently Asked Questions]
Email: support@transportxtra.com | Tel: +44 (0) 20 7091 7857

Shop & Accounts Enquires
Email: accounts@landor.co.uk | Tel: +44 (0) 20 7091 7855

Advertising Sales & Recruitment Enquires
Email: daniel@landor.co.uk | Tel: +44 (0) 20 7091 7861

Events & Conference Enquires
Email: conferences@landor.co.uk | Tel: +44 (0) 20 7091 7865

Press Releases & Editorial Enquires
Email: info@transportxtra.com | Tel: +44 (0) 20 7091 7875

Privacy Policy | Terms and Conditions | Advertise