Kenya’s $3.8 Billion Chinese-Built Railway Shows Why Belt and Road Is Being Reworked
The Chinese-built Standard Gauge Railway connecting Nairobi and Mombasa was supposed to provide an economic boost to Kenya. Instead, it’s become a case study in some of the problems China’s Belt and Road Initiative can create.
So is Xi Jinping’s ambitious global infrastructure expansion over, or is the BRI program only just getting started?
0:00 Kenya’s SGR was supposed to grow the country’s economy
00:38 China’s $3.6 billion loan, and a closed bidding process
02:24 Why Kenya’s SGR has struggled to pay for itself
04:36 So what does the future hold for China’s BRI and its transportation projects?
To learn more about how Chinese officials are overhauling the Belt and Road Initiative to make it more economically sustainable, watch Shelby’s full video here: https://youtu.be/BWW3HAzictE
I’m George Downs, a WSJ video journalist fascinated by how technology is changing how we get from A to B. If you’re interested in the future of mobility or how modern transportation can impact our lives– from EVs to eVTOLs, and beyond – then don’t forget to subscribe.
#China #BRI #SGR
Credit to : The Wall Street Journal