The Road to Serfdom Series
- China has learned well from the international bankers. They make billions in loans to poor nations who have no way to ever repay the debt. Then when the loans are defaulted on the Chinese bankers (backed by the Communist Party) move in to control the local economy and politicians.
(AFP) - Kenyan President Uhuru Kenyatta on Wednesday inaugurated a Chinese-built railway, the country's biggest infrastructure project since independence that is aimed at cementing its role as the gateway to East Africa.
Dancers and a military band entertained passengers and dignitaries from Kenya and China shortly before they, and Kenyatta, were to take the maiden journey from a gleaming new terminal in the port city of Mombasa to Nairobi.
The five-hour journey will take less than half the time to drive between the two cities, a hair-raising trip on a one-lane highway clogged with lumbering trucks and where accidents claim dozens of lives each year.
"Today we celebrate one of the key cornerstones to Kenya's transformation to an industrialised, prosperous, middle-income country," Kenyatta said at the launch.
The passenger train, dubbed the Madaraka (Freedom) Express, can carry 1,260 passengers, and replaces the so-called "Lunatic Express" -- a railway built more than a century ago by colonial Britain which was known for lengthy delays and breakdowns.
The $3.2 billion (2.8 billion euro) railway project is financed 90 percent by China's Export‑Import Bank, while the Kenyan government is providing the remaining 10 percent.
The railway will be managed by the Chinese contractor for five years, with 610 Chinese workers in charge.Read More . . . .
|Chinese built cities in Africa|
Something the controlled media machine did not cover.
750,000 Chinese have Colonized Africa