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Published 1 month ago

‘Cost blowouts’: China fails to deliver megaprojects

Summary by Ground News
Belt and Road Initiative (BRI) is an ambitious pet project led by President Xi Jinping. It is aimed at reviving old trading routes linking Asia with Europe via billions of dollars of investments in roads, railways, ports and other infrastructure. The projects ran into problems such as cost blowouts and delays, but also changes of government in the region.

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Australian Financial ReviewAustralian Financial Review

‘Cost blowouts’: China fails to deliver megaprojects

China is unlikely to meet $77 billion in Belt and Road Initiative commitments in South-East Asia, research shows.

1 month ago·Sydney, Australia
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