China-Led $2.6 Billion Kenya Highway Project Stalls
A $2.6 billion China-led highway project in Kenya has been suspended after one of the Chinese builders said it didn’t receive an advance payment, highlighting the risk of such projects.
The setback for the consortium, led by Guizhou Transportation Planning Survey & Design Academic Co. Ltd., comes as many Chinese infrastructure builders, including private enterprises, have rushed into the African continent in recent years.
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