Foreign media: With the adjustment of China's investment and financing model in Africa, Chinese state-owned enterprises are transitioning from purely engineering contractors to investors integrating financing, construction, and long-term operations, re-engaging on a large scale in African infrastructure development, "taking real risks and responsibilities" (skin in the game), thereby gaining long-term influence in key transportation corridors and mineral supply chains in Africa.
Currently, the public-private partnership (PPP) model is accelerating its adoption in Africa, a trend that has become more pronounced since 2016 when bilateral loans from China declined, also reflecting Beijing's policy shift in reducing financial risks and responding to accusations of a "debt trap."
Take Kenya as an example: China Road and Bridge Corporation (CRBC) and Shandong Expressway International (SDRBI) have launched a 233-kilometer highway project with a total investment of $1.3 billion, scheduled to be completed before Kenya's presidential elections in 2027. CRBC is responsible for the 139-kilometer section from Nairobi to Gilgil, and will collaborate with the Kenyan National Social Security Fund; SDRBI is in charge of the remaining 94 kilometers to Mau Peak, which holds significant importance for the regional trade corridor.
Original article: toutiao.com/article/1850956550304780/
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