This is a major pushback by Chinese firm against criticism of China’s BRI in Nigeria, telling critics we indeed delivered beyond rhetorics.
The railway is to connect the railway lines from Mekelle to Hara Gebaya and then Addis to Djibouti, which is the main transport corridor for both passenger and freight traffic, and for transport of imported and exported goods via Djibouti Port.
Some completed railways – including lines in Kenya and Ethiopia – have had trouble generating enough revenue to run operations and repay the loans. Chinese lenders have become more cautious as African countries seek to restructure their loans with Beijing.
A $15 billion train project connecting Gulf Cooperation Council states is expected to start operating in 2023, Saudi Arabia’s Al-Jazira newspaper reported. The first phase of the Gulf Railway Project, which is expected to be finalized that year, will connect Saudi Arabia, the United Arab Emirates and Oman, the newspaper […]
The Finnish government and local administrations have signed an agreement on the establishment of project companies for the development of railways in the country and high-speed rail links between Helsinki and Turku. In particular, the parties distributed investments between the regions. Despite this, the Government of Finland asked the European […]