ABSTRACT

The countries along the Belt and Road are mainly developing and emerging economies which are undergoing the rapid industrialization and urbanization, but the infrastructure in those countries is lagging. A lack of funds is the common problem for investment in the Belt and Road infrastructure. Whether the finance mode is suitable directly decides the efficiency of Belt and Road infrastructure projects. Direct and indirect finance have their advantages as well as disadvantages respectively. Combined with each other via innovation, they can function better in the Belt and Road infrastructure construction. Countries along the Belt and Road, especially the developing countries, rely on the government to invest in, construct, and maintain infrastructure. The projects are monopolized by government with little interest. Marketization of infrastructure construction is related to the interest of government, individual, foreign enterprises, and the public.