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Laos Railway (paid for by China)

  • caseyprich

    Joined Travelfish
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    Location China
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    An interesting article (very short, as these ex-pat rags are known to do it). Basically says the deal is all but done for China to build a railway through Laos.

    http://shanghaiist.com/2014/01/15/china_to_build_high-speed_rail_to_s.php

    #1 Posted: 16/1/2014 - 19:56

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  • mixxat

    Joined Travelfish
    29th April, 2012
    Location Other
    Posts: 36

    http://en.m.wikipedia.org/wiki/Kunming-Singapore_Railway

    Maybe someday, but i think not soon.
    It would be nice train, Laos mountains etc.

    #2 Posted: 17/1/2014 - 05:20

  • LeonardCohe-
    n1

    Joined Travelfish
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    Wont happen until 2020

    #3 Posted: 17/1/2014 - 05:27

  • mixxat

    Joined Travelfish
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    Location Other
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    Yes, when its ready its more 2030 or later than 2020

    #4 Posted: 17/1/2014 - 05:46

  • gregmccann1

    Joined Travelfish
    28th October, 2009
    Location Taiwan
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    And it's not paid for by China it's paid for by Laos. In fact, this project may very well bankrupt Laos. Read about it here:
    http://www.telegraph.co.uk/news/worldnews/asia/laos/10572583/Chinas-120mph-railway-arriving-in-Laos.html

    #5 Posted: 17/1/2014 - 08:51

  • gregmccann1

    Joined Travelfish
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    Location Taiwan
    Posts: 159
    Total reviews: 5

    Quote from link above:

    "Yet despite the vast economic disparity between Laos and its giant neighbour, it is Vientiane which will foot the bill for the rail link.
    Using untapped minerals as collateral, Laos plans to borrow £4.5 billion from Beijing to pay for its section of the railway. Equivalent to almost 90 per cent of Laos’s annual GDP of £5.2 billion, the loan will instantly make Laos the world’s fourth most-indebted nation after Japan, Zimbabwe and Greece.
    Many international financial bodies regard the loan as a disaster waiting to happen. The Asian Development Bank has described it simply as “unaffordable”.

    --Furthermore, Laos will essentially be borrowing 90% of its GDP from China to pay for 20,000 Chinese workers to come and work on Lao soil.

    #6 Posted: 17/1/2014 - 08:53

  • caseyprich

    Joined Travelfish
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    Location China
    Posts: 1225
    Total reviews: 53
    Places visited:
    At least 48

    Good point Greg, I should have written a clearer title. Similarly, when I was in southern Laos a few years ago I hung out with a lot of Chinese workers who were doing damn construction projects. The Chinese often handle investment that way, as in Africa. I wasn't taking a stance either way on the development, just found it interesting that the plan I'd been hearing about for years looks to have taken a lurch forward.

    #7 Posted: 18/1/2014 - 00:45

  • LeonardCohe-
    n1

    Joined Travelfish
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    Posts: 2148
    Total reviews: 11

    China's way of taking control of the country.

    #8 Posted: 24/1/2014 - 20:10

  • MADMAC

    Joined Travelfish
    6th June, 2009
    Posts: 6279
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    "China's way of taking control of the country."

    Whatever happened to the simple, old fashion way of sending in the Army?

    #9 Posted: 24/1/2014 - 23:28

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