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Tag Archives: Belt and Road Project

Shippers Turn to Belt and Road Trains to Beat COVID-19 Shutdowns

Cargo Trains Duisburg, Germany

NIKKEI ASIAN REVIEW, MAY 11, 2020 By Jens Kastner for Nikkei Asian Review — With few international flights operating and many cargo ships knocked off course by the coronavirus pandemic, businesses sending goods between Asia and Europe have turned in desperation to trains linked to China’s Belt and Road project. “These days, many European customers are exploring rail freight on the …

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Tanzanian President tells China what to do with their $10 billion port loan

Tanzanian President John Magufuli

PortandTerminal.com, April 24, 2020 DODOMA, TANZANIA – Tanzania President John Magufuli has cancelled a Chinese loan worth $10 billion signed by his predecessor Jakaya Kikwete to construct a port in his country. The project, which broke ground four years ago and was set to be run by China Merchants Holding International, would have been the largest port in East Africa. …

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New Zealand breaks with allies to join China’s Belt and Road project

PortandTerminal.com, May 9, 2019 In April it was Italy, now it’s New Zealand. Washington wants its allies to steer clear of Beijing, but they can’t ignore the allure of its Belt and Road Initiative In recent months, New Zealand’s security agencies have expressed concerns about the country’s vulnerability to foreign interference at the hands of Beijing. They will not be …

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