Category: Railways

China Signals Support for Indonesia HSR; Debt Under Review

China said it is ready to help keep Indonesia’s Jakarta–Bandung high-speed line running smoothly as Jakarta opens talks to restructure project loans. In Beijing on Monday, Foreign Ministry spokesperson Guo Jiakun emphasize that when evaluating high-speed rail projects, Indonesia and China ...

Indonesia Weighs Dual Strategies With China to Keep Whoosh High-Speed Rail on Track

Indonesia and China are negotiating with China’s economic planner, the NDRC, to address a funding shortfall for the Jakarta–Bandung high-speed rail project, known as "Whoosh." The gap emerged after costs rose by about $1.2 billion, while ticket sales fell short of loan payments.

Kenya’s China Debt Deal Challenges Old Narratives

Kenya and China have reached a groundbreaking agreement to restructure $3.5 billion in railway loans, converting them from U.S. dollars into Chinese yuan. The move could save Kenya $215 million in debt servicing costs and marks the first time an African ...

After Kenya Secures Landmark Railway Debt Deal With China, Indonesia Eyes a Similar Renegotiation

Indonesia's Investment Minister Rosan Roeslani confirmed on Wednesday that talks are underway with Chinese creditors to restructure the $7.3 billion of debt owed by the Sino-Indonesian joint venture that operates the Whoosh high-speed railway. Although the train has been popular with travelers, 

China, Zambia and Tanzania Seal $1.4 Billion Deal to Modernize Tazara Railway

More than a year after a memorandum of understanding was signed in Beijing, China, Zambia and Tanzania have finalized an agreement to rehabilitate and modernize the Tazara railway. Built by China in the 1970s, the strategic line links Zambia to Tanzania and runs to the port of ...

Analysis from Cobus van Staden

How to Lure Chinese Financing Back to the Global South: Report

Global South countries face increasing financing pressure, endangering their ability to keep developing while also implementing measures to deal with a growing climate crisis. The disruption of global trade is coupled with a larger megatrend: flows of international capital to the developing world have turned negative. This means that countries are now routinely paying more to service loans than they receive in disbursements.

The vast majority of Global South borrowers ...

Indonesia Prepares for Pivotal Talks on Expanding China-Financed ‘Whoosh’ High-Speed Railway

When the Jakarta-Bandung high-speed rail, known as the Whoosh, opened in October 2023, it quickly drew scrutiny. China provided billions in loans, KCIC—the China-Indonesia joint venture operating the line—reported losses, and parent companies like the state-owned PT Kereta Api Indonesia (KAI) absorbed significant deficits. Critics ...

China and Pakistan Agree $7 Billion Rail Consortium

China and Pakistan reportedly agreed to create a $7 billion consortium to fund a joint railway project. The announcement also saw the unveiling of a four-year action plan to advance the next phase of the China-Pakistan Economic Corridor (CPEC), a major project in the Belt and Road ...

Stop Calling the Lobito Corridor a U.S. Gambit Against China

There’s a lazy but geopolitically irresistible allure in branding Angola’s Lobito Corridor as a U.S. bid to blunt China’s influence in Africa and the region’s mineral supply chains. I get why the framing sticks: it’s neat, dramatic, and easy to sell. ...

Kenya’s FM Pushes China for Fast Approval of Financial Assistance Package

Kenya's top diplomat, Musalia Mudavadi, hoped that his visit to China this week would prompt Beijing to speed up approval of a large financial package that his government is counting on to build new roads and extend the Standard Gauge Railway (SGR) to the Ugandan border.

Pakistan, Afghanistan Agree to Promote Regional Railway Project

Pakistan’s Foreign Minister Ishaq Dar and Afghanistan’s Acting FM Amir Khan Muttaqi agreed to push forward a regional rail project that would connect the two countries to Uzbekistan. This emerged after a call between the two on Sunday. The call follows ...

Zambia Banks on China-Backed Rail Upgrade to Boost Mining Exports

Two great railroads nearly bisect the southern central belt of Africa, stretching from the Atlantic and Indian oceans respectively, poised to shuttle key metals from the mineral-rich center of the continent to markets abroad. For Zambia, the second-largest copper exporter in Africa, these railways represent the future ...

WEEK IN REVIEW: Kenya Courts China While U.S. Sounds Alarm Over Beijing’s Reach in Africa

Kenyan President William Ruto is scheduled to travel to Beijing later this month for an official state visit, where he's widely expected to finalize a long-awaited deal to extend the Chinese-built Standard Gauge Railway (SGR) to the Ugandan border. But ...
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