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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