Nothing To See Here, Move Along
- The corrupt multi-national corporate media machine "forgets" to report on these stories.
China opened the second phase of its $5 billion railroad in Kenya, a major component of the international Belt and Road Initiative, on Thursday.
The new stretch of rail line cost $1.5 billion to complete but had a remarkably low-key debut for such an important project, perhaps reflecting growing criticism that the railroad is doomed and will serve little purpose beyond indenturing Kenya to Chinese loans it can never repay.The South China Morning Post recalled on Friday that the first phase of the railway, a $3.2 billion line that runs some 300 miles from Mombasa to Nairobi, was opened in 2017 the ceremony was attended by a high-ranking envoy from Chinese dictator Xi Jinping. Phase Two’s opening on Thursday was a far less spectacular affair, attended only by the Chinese ambassador to Kenya.
Kenyan President Uhuru Kenyatta flags off the new train linking Nairobi with the Rift Valley . Read More: Kenya struggles to manage debt for railway to 'nowhere' |
The big problem with the project, which Kenyan President Uhuru Kenyatta vociferously denies, is that the railroad would be unlikely to turn a profit even if the third and final stage is completed, and there is a good chance it won’t be.
A string of reports was published right before the Phase Two opening that questioned the economic viability of the railroad. China, suddenly short of resources due to its trade war with the United States and smarting from accusations of debt colonialism, is expressing doubts about completing the expensive but indispensable third stage of the project, which would bring the railroad all the way to the Ugandan border.
“We will not be discouraged by baseless claims,” Kenyatta thundered at the opening ceremony, dismissing the skeptical reports. “We know where we want to take the country and we will not allow visionless people to discourage us.”
“The completion of the Nairobi Suswa section of the SGR project is expected to revolutionize the development of the surrounding areas,” he declared.
“China will continue to support Kenya in development projects as it aims to complete the SGR,” promised Chinese ambassador Wu Peng, using a common abbreviation of the formal name of the project, the Standard Gauge Railway. Wu encouraged Chinese companies to invest in the railway and related projects, although he did not actually promise they would do so.
Read More . . . .The world is moving toward a modern form of Neo-Serfdom where everyone works for the all-powerful State, businesses controlled by the State or businesses that have bought "protection" from the State.
Freedom is slowly vanishing. What happens when the major employers are owned by government backed investment groups, or your food comes from government owned farms, or your news is delivered by so-called "private" corporations that are in reality connected and interconnected to governments?
Read More:
Communists To Take Over Kenya's Largest Port Over Unpaid Loan
‘China Is Buying Brazil’ says conservative Jair Bolsonaro
The Communist Chinese Colonization of Africa
Chinese military marches during Africa's Djibouti's Independence Day parade. |
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