Posts Tagged aiib

China signs US$5.5bn in African rail deals

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CHINESE STATE-OWNED rail company, China Railway Construction Corp (CRCC), has announced that is has signed two contracts in Nigeria and Zimbabwe, worth a total of US$5.5bn. The two projects include an intercity rail line worth US$3.5bn in Nigeria, the Nigeria Ogun State Intercity Mass Transit Project which will be 334km long, and feature a designed […]

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Space-age New Silk Road to be underpinned by fibre-optics

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THE DEVELOPMENT OF China’s New Silk Road initiative has been boosted by the plans for satellite receiving stations, and the expansion of fibre-optic cables along the route. Presented as China’s outward investment programme since Xi Jinping’s speeches on regional development in 2013, the New Silk Road continues to receive significant coverage in China. There are […]

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Australia, South Korea may follow UK to join AIIB

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JUST A DAY after the UK announced it was to join the China-backed Asian Infrastructure Investment Bank (AIIB), Australian Treasurer Joe Hockey declared that Canberra would also consider whether to follow the trend. Prime Minister Tony Abbott claimed that this decision would be finalized within weeks, before the official deadline. Meanwhile, local media in South […]

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