MOSCOW (Sputnik) — The Silk Road Economic Belt, a megaproject aimed at connecting China with Europe and strengthening ties between Asia, Europe and the Gulf countries, was proposed by Chinese President Xi Jinping in 2013. The Silk Road includes constructing new railroads, highways and industrial parks, as well as implementing large-scale energy projects. The Silk Road project will be partially financed by China-led Asian Infrastructure Investment Bank (AIIB).
De Villepin added that the Silk Road Economic Belt project is very promising for Russian companies from the point of view of all the infrastructure that needs to be created – including new railroads, telecommunications and pipelines.
"It [the project] can certainly improve the situation in Eurasia as a whole. It will be a serious task for Russia and for China as well," de Villepin said.
Late in March, Russian First Deputy Prime Minister Igor Shuvalov said that Russia welcomes China's initiative on the Silk Road Economic Belt and is ready to work with Beijing on its implementation.