Tuesday, December 24

Tag: Infrastructure Projects

Setting Standards For Global Infrastructure Projects
27Oct By Patti MohrNo Comments
Global Economics, Types of News: Brief

Setting Standards For Global Infrastructure Projects

October 26, 2021—The U.S. State Department, along with the governments of Japan, Australia, and the OECD, are developing criteria and standards for evaluating global infrastructure projects. The Blue Dot Network, as it is known, is a voluntary reporting program meant to encourage private-sector financing in infrastructure projects that align with Paris Agreement climate goals. "Think of it as a Good-Housekeeping certificate," said Jose W. Fernandez, a State Department head of the Economic Growth, Energy, and the Environment branch. "It's designed to enable investors to more easily identify and certify investment-worthy projects."  A Globally Recognized Symbol Fernandez said a goal of the certification is to attract financers into worthwhile projects. He spoke with Stuart H...
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China’s Belt And Road Projects Involved With 679 Human Rights Violations, Researchers Say
12Aug By Spencer HayesNo Comments
Foreign Aid, International Development, Globalization, Global Disintegration, Human rights, Types of News: Brief

China’s Belt And Road Projects Involved With 679 Human Rights Violations, Researchers Say

Report Takes A Critical Look At China's Development Projects Abroad And Calls for Greater Transparency August 12, 2021-A report released yesterday links China's Belt and Road Initiative with 679 allegations of human rights abuse between 2013 and 2020. "China’s aspiration to become a ‘responsible great power’ is set to be undermined by high rates of human rights abuse linked to its overseas business operations," according to the report publisher, the Business & Human Rights Resource Centre. Worst-Case Scenarios in Places With Weak Governments Counties with the highest number of abuse allegations include Myanmar, Peru, Ecuador, Laos, Cambodia, and Indonesia. The authors discovered that the highest rates of alleged abuse were prevalent in countries with weaker governance....
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ON THE HORIZON: A Nicaraguan ‘Grand’ Canal
23Jun By Patti MohrNo Comments
Global Economics

ON THE HORIZON: A Nicaraguan ‘Grand’ Canal

With an estimation that global trade will continue to accelerate, a privately-held global firm is set to build a massive canal project across Nicaragua linking the Atlantic and Pacific oceans. It is considered one of the largest infrastructure projects being planned in the world today. Rights to develop and manage the project belong to HKND Group, a privately-held infrastructure development firm run by a Chinese businessman Wang Jing. The firm calls its project is the Nicaragua Grand Canal and Development Project, which is also known as the Grand Canal. Ground could break on the project as early as this year. Plans and talks have been underway since 2012. The Nicaraguan government agreed to give the HKNG Group rights to plan, design, construct, operate and manage the canal, and the N...
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