Anasayfa / Spor / Politicians have been wondering for decades the possibility of establishing such a connection and connecting China directly to Southeast Asia in a southwestern environment.

Politicians have been wondering for decades the possibility of establishing such a connection and connecting China directly to Southeast Asia in a southwestern environment.

Politicians have been wondering for decades the possibility of establishing such a connection and connecting China directly to Southeast Asia in a southwestern environment.
However, engineers warned that the cost would be unpleasant. Railroad tracks need to cross steep mountains, requiring dozens of bridges and tunnels. Laos is one of the poorest countries in the region and cannot even afford to pay a small portion of its costs.
Enter an ambitious Chinese banker: A $ 5.9 billion railroad will begin in December, supported by a group of Chinese state-owned enterprises and a consortium of Chinese government lenders.
However, Laos had to get a $ 480 million loan from a Chinese bank to finance a small portion of its capital. Revenues from the Cali mine, one of Laos’s few sources of profit, were used to repay large loans.
China’s President Xi Jinping will give a speech at the opening ceremony of the Asian Civilization Dialogue Conference held in Beijing in May 2019.
BEELDBRON, EPA
President West sought to reassure others after being criticized for China’s global infrastructure projects.
“The financing that China’s Eximbank has made to cover some of its equity capital really demonstrates the urgency of the Chinese state to drive the project,” explained Wanjing Kelly Chen, a research assistant professor at Hong Kong University of Science and Technology. increase.
Most of the lines are owned by a Chinese-controlled railroad group, but under the vague terms of the agreement, the Lao government is ultimately responsible for railroad debt. Due to the deviation of the agreement, international creditors have downgraded Laos’ credit rating to “junk”.
In September 2020, on the verge of bankruptcy, Laos sold a large asset to China and handed over part of its $ 600 million grid to seek debt relief from Chinese creditors. And all this before the railroad started to work.

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