CHINA-NEW ZEALAND: OBOR

New Zealand's Northland Regional Council agreed this week to provide China Railway with information on possible investments, such as high-end hotels and roads, and advise the firm on the New Zealand government procurement process and making introductions to national government officials. Reuters April 14 report did not specify how much China Railway is planning to invest in Northland. In particular the regional authority plans to help China Railway bid for the construction of a 22 km (13.6 miles) stretch of national highway from the Northland city of Whangarei to a commercial port at Marsden Point to the south. The move is the latest on New Zealand's part to cooperate on Chinese President Xi Jinping's OBOR global infrastructure spend to link China to Asia and beyond.

(Comment: New Zealand became the first Western country to formally recognize China's program through a bilateral memorandum of understanding last month and was a founding member of the Asia Infrastructure Investment Bank (AIIB).)





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