Kenya's Chinese-funded railway makes losses ($100 mil. in 1st year)

[endicom]

ATL FM
July 18, 2018

Kenya’s flagship railway project registered losses of $100m (£76m) in its first year of operation, according to the transport ministry.

The China-funded standard gauge railway - which links the coastal city of Mombasa to the capital, Nairobi, - was funded by a $3bn loan from China’s Exim bank, to be repaid over 15 years.

More... http://atlfmonline.com/home/26-world/9948-kenya-s-chinese-funded-railway-makes-losses.html


Does China intentionally make loans that won't be repaid?

[truth_seeker]

They will make up for it with volume, and side trips to Bakersfield & Sacramento on the Brown Line Special

[endicom]

They will make up for it with volume, and side trips to Bakersfield & Sacramento on the Brown Line Special

Or to squeeze concessions out of governments?

[dfwgator]

If China wants Africa, they can have it.

[endicom]

If China wants Africa, they can have it.

They want the raw materials, people are expendable.

[Frank Cannon]

Does China intentionally make loans that won't be repaid?

If you look closely the Chinamen are in serious trouble with a bunch of these bad loans. There economy isn't doing well and most of it was from this hubris.

[To-Whose-Benefit?]

If you look closely the Chinamen are in serious trouble with a bunch of these bad loans. There economy isn't doing well and most of it was from this hubris.

When the banks are State owned making loans at Negative interest to other State owned industries you sorta gotta expect they're heading down the rabbit hole.