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The first phase of the BRI was already initiated by China and is expected to end by 2021, and the whole project is projected to be completed by 2049. The total investment projected by China in the implementation of the first phase is USD 240 billion. However the cost will vary depending on the number of countries participating as well as projects funded.
As China builds infrastructure in partner countries in the Asia Pacific region, this will bridge, to some extent, domestic infrastructure gaps. Asian Development Bank (ADB) forecasts the gap at around USD 1.7 trillion per year. China, to its credit, is one of the few countries willing to finance in addressing that gap through its USD 10 trillion economy, with spending of nearly 150 billion USD a year, in the 68 countries that have signed up to the initiative. In May 2017, a government-sponsored forum revealed that China would invest up to USD 150 billion over the next five years. The Asian Infrastructure Investment Bank (AIIB), Silk Road Fund and the New Development Bank were established by China to address the enormous task of funding the infrastructure projects along the Belt and Road. These three institutions have a registered combined capital of USD 240 billion. BRI funding basically came from the Chinese government along with a variety of sources like Commercial Banks and private entities, and are supposed to earn a return for their financial backers. According to official figures, China’s direct investment in BRI countries amounted to USD 56 billion from 2014 to 2017. This does not includes loans from China’s banks, including state-directed “policy banks” such China Development Bank, amounting to USD 180 billion by the end of 2017, and Export-Import Bank of China amounting to USD 110 billion by the end of 2016.
In past five years, Chinese companies are operating ports in several countries, building high-speed rail corridors across Southeast Asia, constructing highways in Pakistan, bridges in Bangladesh, power plants, erecting new cities and economic zones, laying-out oil and gas stretching across Central Asia, Russia and Southeast Asia, and established a 35-line network of trains connecting central and western China with cities in Europe.
When China promoted the Belt and Road Initiative, it was embraced by many countries and gained praises and support. However, there are still both positive and negative perceptions about the initiative. It was seen as a promising initiative and is commended for its potential to be a catalytic global project. On the other hand, it was also observed to be too ambiguous prompting states to exercise more cautious in adopting the initiative in spite currents projects revealed important details about the initiative, its objectives and mechanisms.

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