The Addis Ababa-Djibouti freight railway has cost China’s state export credit insurer close to US$1 billion in losses. Photo: Handout

Botched Chinese railway project in Africa is a warning to belt and road investors

  • Lessons should be drawn from the poorly executed US$4 billion Addis Ababa-Djibouti freight railway, warns head of China’s export credit insurer
  • Planning behind many China-led projects abroad has been ‘downright inadequate’ and costly
Topic |   Belt and Road Initiative

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The Addis Ababa-Djibouti freight railway has cost China’s state export credit insurer close to US$1 billion in losses. Photo: Handout
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Eric Ng

Eric Ng

Eric joined the SCMP in 1998 after brief stints in a trading company and translation and editing roles at Dow Jones and Edinburgh Financial Publishing. He has close to 20 years of experience covering China's energy, mining and industrial materials sectors, and has recently added biotechnology to his coverage. Eric has a Masters of Business Administration degree.