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CHINESE INFRASTRUCTURE PROJECTS IN AFRICA
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CHINESE INFRASTRUCTURE PROJECTS IN AFRICA
Annotation
PII
S0321-50750000616-3-1
Publication type
Article
Status
Published
Authors
Konstantin A. Tkachenko 
ORCID: 0000-0002-5307-8263
Edition
Issue №2
Pages
41-44
Abstract
The article describes the actual investment interest of China in Africa, marking the continuing growth of this interest despite the actual hazards and risks that Chinese have to face in many of the Continent's countries. Particular attention is given to major projects of fixed assets construction either financed by PRC or supplied with Chinese workforce, such as extension of Nigerian concrete production plants or construction of record-breaking minaret in Algeria. The growing importance and direct participation of China in upgrading of the African transport infrastructure, particularly of highways and airports in Algeria, dams, subway and railway nets in Ethiopia and Nigeria, is stressed. A point is made that the renovation of railroad infrastructure carried out and financed by Chinese companies, is a key factor for both national and transnational changes for a number of economically isolated African territories, not only boosting cargo transportation within the countries, but also in stimulation of trade and economic ties between them. The author provides up-to-date statistics on Chinese foreign direct investment flows to Africa, as well as on growth of Chinese companies' income from reification of construction projects in Africa in general, and in a number of African countries in particular. The article also stresses the huge increase of workforce from PRC in Africa, especially in Algeria and Angola, having reached record-breaking numbers for the past 15 years with a clear prospect of further intensive growth.
Keywords
Africa, China, foreign direct investment, capital development, major contract with China, expansion of plants, construction of highways, Transafrican railway net
Date of publication
01.02.2018
Number of purchasers
8
Views
1554
Readers community rating
0.0 (0 votes)
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