Saturday, June 10, 2017

Pros and Cons of Chinese-Built Railway in Kenya

The New York Times published on 8 June 2017 an article titled "Kenyans Fear Chinese-Backed Railway Is Another 'Lunatic Express'" by Kimiko de Freytas-Tamura.

The high cost of the Nairobi to Mombasa railway required a loan from China that has pushed Kenya's debt above 50 percent of output. At the same time, the railway is projected to increase GDP by 1.5 percent by reducing travel time and increasing the movement of freight volume.

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