Caixin
Dec 20, 2018 08:01 PM
BUSINESS & TECH

China-Led $2.6 Billion Kenya Highway Project Stalls

A bridge over a Chinese-built 50-kilometer, $300 million highway leading north out of Nairobi, Kenya, is seen in October 2012. Photo: IC
A bridge over a Chinese-built 50-kilometer, $300 million highway leading north out of Nairobi, Kenya, is seen in October 2012. Photo: IC

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.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.