Comment by Runandcokeon Dec 13, 2023 9:24am
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Post# 35781812
RE:RE:Jiangxi Copper
RE:RE:Jiangxi CopperPanama owes China a few bucks already plus have a mega project coming up funded by PRC
The Panama–David railway will be built by China, having a maximum speed of 160 km/h (the original plan called for 300 km/h), with a length of over 400 km and a cost of over 5 billion dollars, 85% of which will be paid with a loan from a Chinese state-owned bank. It will be part of China's Belt and Road Initiative, also known as the New Silk Road. Panama's vice president showed confidence in the railway, saying that "I believe Panama has the ability to pay off its debt." (Even though Panama has over US$20 billion in debt and presumably none of it has been paid in the last few years).
no idea why they need this railroad - the PAN AM HIGHWAY is very good !