Monday, September 28, 2020

Kenya Wants to Renegotiate Railroad Debt with China

 Global Construction Review published on 25 September 2020 an article titled "'We Are Not Able to Pay': Kenyan MPs Urge Renegotiation of Chinese Rail Debt" by David Rogers.

The China financed and built standard gauge railway between Mombasa and Nairobi was losing money even before COVID-19.  The pandemic has worsened the financial situation of the railway and members of Kenya's parliament are now asking China to renegotiate the repayment terms.