COVID-19 causes delays to China Belt and Road Initiative

Posted on November 17, 2020   |  

There have been suspension and cancellation of projects in Africa and Asia due to local government spending curbs. Cancellations include £7.6 billion (USD 10 bn) Bagamoyo port in Tanzania; £2.30 billion (USD 3 bn) pipeline projects in Malaysia; power plant in Kenya; airport project in Sierra Leone and expansion of a Bangladesh highway Spending by Chinese government has been cut due to growing debt problems within the country