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China’s New $6B Railway in Laos: Massive Debt Trap or Megaproject Success? | WSJ Breaking Ground
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China’s New $6B Railway in Laos: Massive Debt Trap or Megaproject Success? | WSJ Breaking Ground
A $6 billion Chinese-built railway in Laos is transforming a small town on the border of China, easing transportation and promising new products for export. The 262-mile rail line is a key part of China’s Belt and Road Initiative, aimed at upgrading trade and transport networks from Africa to the Pacific. China is looking to link its companies with new overseas markets while Laos has hopes of growing a robust export market. But what are the costs of developing this massive infrastructure? WSJ explores the ambition behind China’s envisioned rail network, the economic implications for Laos and challenges as other railways eye development. Chapters: 0:00 High-speed railway 0:48 What China and Laos stand to gain 2:50 The funding for the project 5:41 Diplomatic relations 7:18 Challenges ahead Breaking Ground digs into megaprojects around the world, uncovering what these developments might mean for the surrounding region and the ultimate costs. #China #Megaprojects #WSJ
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