China Agrees To Fund Completion of New Yalu River Bridge
The Bridge Will Boost Commerce with North Korea
China has agreed to provide funding for the final stages of construction of the New Yalu River Bridge, a project that has the potential to significantly enhance trade and commerce between China and North Korea. Residents in both countries have confirmed this development, according to a report by Radio Free Asia.
The construction of the bridge, which connects the Chinese city of Dandong with North Korea's Sinuiju, was completed nearly a decade ago. However, the project has faced delays on the North Korean side, preventing it from becoming operational.
The New Yalu River Bridge is located downstream from the older Sino-Korean Friendship Bridge, which was built during World War II by the Japanese army. The existing bridge, with its single rail track and a single lane for cars and trucks, is limited in its capacity to handle heavy loads, restricting trucks weighing more than 20 tons from crossing. The new bridge, once operational, will replace the outdated structure and alleviate the congestion caused by the increasing volume of trade between the two nations.
The completion of the bridge has been eagerly anticipated by the residents of both countries. A resident of North Pyongan province, who spoke to RFA Korean on condition of anonymity for security reasons, highlighted the significance of the new bridge. He said:
"All import and export logistics between North Korea and China currently rely on the old Friendship Bridge, which was constructed before liberation."
Opening the new Yalu River Bridge will result in a substantial increase in imports and exports, significantly strengthening our country's economy."
Recognizing the potential economic benefits, North Korea has formally requested additional funding from China to expedite the completion of the bridge. This request comes as both countries seek to enhance economic cooperation and improve connectivity.
China's commitment to funding the final stages of construction is seen as a positive step towards strengthening bilateral ties between the two nations. The completion of the New Yalu River Bridge will not only enhance trade and commerce but also streamline transportation, facilitating smoother movement of goods and people.
The new bridge, with its four-lane structure and state-of-the-art customs facilities, is expected to open up new opportunities for economic growth and development. Once operational, it will serve as a vital link for trade between China and North Korea, promoting greater economic integration and fostering closer relations between the two countries.
As construction progresses on the New Yalu River Bridge, it is hoped that the project will overcome any remaining obstacles and pave the way for increased economic cooperation, benefiting both China and North Korea. The completion of this bridge signifies a significant milestone in the quest for stronger bilateral ties and improved connectivity in the region.