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T O P I C     R E V I E W
Gilbert B Norman
Member # 1541
 - posted
The Times reported this past Friday on the new railroad China has built within Kenya and echoes a thought - how do we pay for it?

http://nytimes.com/2017/06/08/world/africa/kenyans-fear-chinese-backed-railway-is-another-lunatic-express.html

Fair Use:

  • ..President Uhuru Kenyatta’s government spent $4 billion on a 300-mile railway connecting the capital to the Indian Ocean port of Mombasa, the most expensive infrastructure project since Kenya’s independence 54 years ago and one-fifth of its national budget.

    Eager to portray it as a major achievement ahead of national elections in August, Mr. Kenyatta opened the so-called Standard Gauge Railway last Wednesday. But the fanfare was overshadowed by a concern that has been snowballing for months, filling many Kenyans with mild terror: How can the country repay its monstrous debt to China...
Lest we forget, a Chinese overseas venture is not being done for humanitarian reasons; they want something in return. I gotta say it; talk about how to get an underdeveloped nation into your web, this has to be it.
 



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