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looking beyond borders

foreign policy and global economy

Can China Realise Africa’s Dream Of An East-West Transport Link?

China has been crucial to getting the rail portion of the project off the ground. After more than a decade of disagreements with a Franco-Canadian consortium, the governments of Senegal and Mali signed separate agreements with China Railway Construction Corporation in 2015. Senegal’s deal comes to $1.24 billion, and will be funded by a Chinese loan, payable over 30 years at 2% interest.

Read Here – RealClearWorld

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