African countries are currently negotiating loan agreements with countries such as China while avoiding Western interests as well as the International Monetary Fund (IMF) and World Bank.
China has a history of offering aggressive upfront costs on loans in exchange for a lot of influence in the region. So I’m guessing China gave the AU a sweetheart deal in exchange for cutting out competitors and potentially allowing China a lot of lenience in future investments (e.g. sweatshops and unsafe mines).
So here’s what I see the strategy as:
give the AU a very expensive loan with an initial deferment; the leadership of the AU is happy because they can show the public that they’re doing something
some years down the line, the AU realizes it can’t actually pay the debt, and arranges further deals with China that increases China’s influence in the area
repeat 2 until Africa has been bled dry just as much as with European colonial powers
I don’t see this as a real long-term solution. Instead of trying to connect every African country, they should pick favorites at first, with a contract with member countries to eventually expand to everyone. As in, connect the most prosperous areas that will absolutely use the rail network, and expand once that cash flows, and do so without massive loans from countries with an economic interest in exploiting the area.
I just don’t see China’s interests aligning with the EU. This just seems likely to have heavy corruption where the AU gets short term benefits for a long term sellout of the AU to China.
Again, I have no idea why you’re assuming these countries haven’t done due diligence before embarking on a megaproject like this. A really weird premise to start from to be honest.
If you wanted to make a serious critique then you should spend the time to actually learn about the project and criticize specifics instead of just making stuff up based on what your country does.
Why are you saying I’m being defensive when I’m simply pointing out that what you’re saying is unsubstantiated, and it’s not really possible to have a meaningful discussion without knowing the actual details of the plan. If there’s something specific you want to criticize then that would be an interesting discussion, but simply claiming high speed rail is a bad idea because reasons is just noise.
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I think the benefits of going high speed rail now would outweigh the negatives of upgrading at a later point.
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My main concern here is this:
China has a history of offering aggressive upfront costs on loans in exchange for a lot of influence in the region. So I’m guessing China gave the AU a sweetheart deal in exchange for cutting out competitors and potentially allowing China a lot of lenience in future investments (e.g. sweatshops and unsafe mines).
So here’s what I see the strategy as:
I don’t see this as a real long-term solution. Instead of trying to connect every African country, they should pick favorites at first, with a contract with member countries to eventually expand to everyone. As in, connect the most prosperous areas that will absolutely use the rail network, and expand once that cash flows, and do so without massive loans from countries with an economic interest in exploiting the area.
I just don’t see China’s interests aligning with the EU. This just seems likely to have heavy corruption where the AU gets short term benefits for a long term sellout of the AU to China.
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I’m going to go out on a limb and guess that the actual economists in Africa have done the math here.
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Again, I have no idea why you’re assuming these countries haven’t done due diligence before embarking on a megaproject like this. A really weird premise to start from to be honest.
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If you wanted to make a serious critique then you should spend the time to actually learn about the project and criticize specifics instead of just making stuff up based on what your country does.
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It’s a troll move. Make you do hours of work, you post, they do a new low-effort post and expect you to dance all over again.
Because if you won’t, you’re clearly avoiding the topic.
Flip the script and ask them to post, but sometimes you learn there’s another angle than you’ve been told. Sometimes.
Why are you saying I’m being defensive when I’m simply pointing out that what you’re saying is unsubstantiated, and it’s not really possible to have a meaningful discussion without knowing the actual details of the plan. If there’s something specific you want to criticize then that would be an interesting discussion, but simply claiming high speed rail is a bad idea because reasons is just noise.
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