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It is not clear who will be paying for this, assistance to build as in expensive loans and building companies to be paid by said loans? There are pleny of high-
by MikeDelta 4y ago
It is not clear who will be paying for this, assistance to build as in expensive loans and building companies to be paid by said loans? There are pleny of high-profile projects like this that end up abandoned and the owner/operator in extreme debt.
- bitxbitxbitcoin 4y agoIs it unreasonable to think that they are hoping for Chinese investors?
- MikeDelta 4y agoNot at all, if it were investors who want a return on the profits. However, many (all?) projects are financed with (expensive) debt, so poor countries end up with debts they cannot repay and 'vanity' projects they could do without. Some analysts worry that countries end up in a debt trap. I would love it if this is turns out a healthy project for the benefit of all, but I remain skeptical.