‘Game changer’: Laos opens Chinese-built railway line against backdrop of debt concerns

Source: China – South China Morning PostLaos is set to open a US$6 billion Chinese-built railway on Friday, with debt concerns balanced against hopes it could boost the reclusive nation’s struggling economy.The 414km (260-mile) segment took five years to construct under China’s trillion-dollar Belt and Road Initiative.Analysts have acknowledged the potential economic boost, but have queried how infrastructure-poor Laos will pay its US$1.06 billion debt – and whether it is ready to exploit the state-of-the-art transport system.But…Read More

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