Kenya has revived construction on its multibillion-dollar Standard Gauge Railway (SGR) extension that stalled more than six years ago, replacing heavy sovereign debt with innovative financing after renegotiating its loans with China.
According to Kenyan officials, the Chinese firm China Communications Construction Company (CCCC) and its subsidiary, China Road and Bridge Corporation (CRBC), will build the railway’s two remaining sections at an estimated cost of US$5.4 billion.
Kenyan President…
Source link
Ad Banner
Show Comments (0)
Hide Comments (0)
Subscribe
Login
0 Comments
Oldest
