Is Turkey putting pressure on China in Africa’s infrastructure market?
While Beijing is beating out Western players for major construction projects on the continent, it is not without competition.
Source excerpt
Two years after Kenya’s deal with India’s Adani Group to modernise Jomo Kenyatta International Airport collapsed, the state-owned China Road and Bridge Corporation (CRBC) has won a US$1.2 billion contract to do just that.
The same pattern played out when France’s Vinci lost a major highway deal in Kenya and CRBC took over as developer alongside another Chinese firm.
Under the original 30-year concession, the national government would bear all the risk in the deal, raising public cost concerns.
These two takeovers underscore China’s deepening infrastructure footprint in Africa.
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