Ooo, baru tahu, ternyata Sierra Leone negeri pertama di Afrika yang membatalkan 
investasi China. Jelas tergantung pejabatnya. Kalau mau dijadikan kompradornya, 
tak akan dipikirkan kerugian dan beban utang yang akan ditanggung negara dan 
rakyatnya.


Africa cancels a Belt and Road Initiative project for the first time
Sierra Leone has scrapped plans to build a China-funded airport, becoming first 
African nation to shun BRI.
By Dipanjan Roy Chaudhury
, ET Bureau|Last Updated: Oct 25, 2018, 06.01 PM IST


NEW DELHI: Sierra Leone, one of the world’s developing countries, has scrapped 
plans to build a China-funded $318-million airport outside the capital, 
Freetown.

This is the first instance of an African country announcing the cancellation of 
a China One Belt One Road project. The World Bank and the International 
Monetary Fund (IMF) both warned earlier that this project may bring an 
unnecessary debt burden to Sierra Leone.

The mega-project, which was due to be completed in 2022,  had been commissioned 
by former Sierra Leone president Ernest Bai Koroma. But the new president, 
Julius Maada Bio, has since reassessed the huge loans offered by China to his 
predecessor

Under former president Koroma, who was in office from September 2007 until 
April this year, the country took on $224 million of Chinese debt -- $161 
million of which was borrowed in 2016 alone, according to the Johns Hopkins 
SAIS China-Africa Research Initiative.

"After serious consideration and diligence, it is the Government's view that 
(it) is uneconomical to proceed with the construction of the new airport when 
the existing one is grossly under utilized," said a letter from the country's 
Minister of Transport and Aviation to the project's director, published in 
local media.

African countries jointly owe China about $130 billion, according to the 
China-Africa Research Initiative. This amount has funded transport, power and 
mining projects in the resource rich continent.

At this year's Forum on China-Africa Cooperation (FOCAC) summit, Chinese 
President Xi Jinping announced a further $60 billion in loans and aid for the 
continent.

"Countries around the world are now rethinking the readily available loans 
offered by China for infrastructure projects in their countries, after fearing 
they could fall prey to Beijing’s debt-trap diplomacy...China funded projects 
also require the hiring of Chinese-owned contractors rather than local 
companies and workers. Chinese loans, with interest rates of 2-3 per cent, are 
1,100 per cent more expensive than those from Japan, at only 0.25-0.75 per 
cent," reports Philippine Daily Inquirer.


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