Which of the following statements are correct regarding 39 One Belt One Road initiative 39 1 Under t...........

International Affairs China

Which of the following statements are correct regarding 'One Belt, One Road initiative'?

1. Under this project china will improve local ports and construct a modern standard-gauge rail link between Nairobi and Mombasa.

2. China will create a 40 billion USD development fund.

Select the correct answer using the codes given below

1 Only

2 Only

Both 1 and 2

Neither 1 nor 2

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Explanation:

Both the statements are correct.

The Belt and Road Initiative (BRI) is a global development strategy adopted by the Chinese government involving infrastructure development and investments in 152 countries and international organizations in Asia, Europe, Africa, the Middle East, and the Americas. "Belt" refers to the overland routes for road and rail transportation, called "the Silk Road Economic Belt"; whereas "road" refers to the sea routes, or the 21st Century Maritime Silk Road