“To promote and implement the ‘Belt and road Initiative’worldwide the China Highway and Transportation Society (CHTS) has proposed to establish the Belt and Road International Transport Alliance ‘ (BRITA) to promote the idea and achievements among the member countries and regions of the initiative”said Mr Mengyong Weng, President ,CHTS while speaking at the special session on the road at WRM2017 today.
” As the proposed Belt and Road initiative will apart from bringing economic prosperity in various regions will also help in peace and cooperation . To bring in more openness among countries and region the CHTS has proposed to set up a Non political and anon government body named Belt and Road International Transport Alliance (BRITA) ,this will help ward off the fears of Belt and road initiative as detrimental to stability and create a big one family of countries en route the silk road. ” saidMr Weng.
“The Belt and rod initiative will not only focus on Asian , European and African countries but will also be open to all other countries”said Mr Weng.
“China will contribute 14.5 billion US dollars to the silk road fund and Two Chinese banks will be lending 55 billion US dollars to member countries’ he said.
About belt and road initiative Touted as Chinese President Xi Jinping’s ambitious project, the One Belt One Road initiative focuses on improving connectivity and cooperation among Asian countries, Africa and China.
India is yet to join the initiative