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BRI: Laos is opening its $6bn Chinese-built railway on Friday, the biggest public works project in its history. The railway’s construction costs were equivalent to almost a third of Laos’ GDP.https://www.ft.com/content/822dfa7f-3ca6-4b0f-a6e8-ddef820b404e …
The special purpose company building the railway has a 70:30 per cent ownership split between Chinese and Laotian state-owned companies, raising questions about liability in the case of default.
For more on China's overseas lending with @AidData:https://chinaresearchgroup.org/research/aiddata-on-chinas-overseas-financing …
