Hello guys, Welcome to Africa's Largest Video Search Engine, and you are watching Chinese funded railway in Laos brings worry of debt. and this video is uploaded by News Direct at 2019-05-30T00:57:44-07:00. We are just promoting this video only for entertainment and educational purpose only. I hop you like our Video Search Engine. [GmCICBE2ZQo]
| Name | Chinese funded railway in Laos brings worry of debt |
| Video Uploader | Video From News Direct |
| Upload Date | This Video Uploaded At 30-05-2019 07:57:44 |
| Video Discription | For story suggestions or custom animation requests, contact tips@nextanimation.com.tw. Visit http://archive.nextanimationstudio.com to view News Direct's complete archive of 3D news animations. RESTRICTIONS: Broadcast: NO USE JAPAN, NO USE TAIWAN Digital: NO USE JAPAN, NO USE TAIWAN China has already begun building a railroad that would connect Laos' capital, Vientiane, to China's Yunnan province but the construction has sparked fear of debt among Laotians. According to a statement published on China's Belt and Road Initiative official page, the China-Laos Railway will measure 414 kilometers, connecting Vientiane and China's Yunnan province. It is designed for trains to travel at 160 kilometers per hour, making it possible to travel from Yunnan to Vientiane in just 3 hours. The railway is expected to be fully operational in December 2021. The project is part of the Belt and Road Initiative, a Chinese development strategy involving infrastructure development and investment in 152 countries. According to an NPR report, the total cost of building the high-speed railroad is $6 billion, of which China will pay 70 percent. The Laotian government will finance the rest of the project through loans from Chinese financial institutions. Chinese authorities claim that building the railroad will bring economic prosperity to the country, however, locals have told NPR that those who were removed from their lands for construction haven't received proper compensation. And Chinese tourists that have come to Laos mostly shop in businesses and restaurants owned by Chinese residents. RUNDOWN SHOWS: 1. Size of railroad and speed of highspeed trains 2. Belt Road Initiative 3. Financing the China-Laos Railroad 4. Consequences of China-Laos Railroad VOICEOVER (in English): "According to a statement published on China's Belt and Road Initiative official page, the China-Laos Railway will measure 414 kilometers, connecting Vientiane and China's Yunnan province." "It is designed for trains to travel at 160 kilometers per hour, making it possible to travel from Yunnan to Vientiane in just 3 hours. The railway is expected to be fully operational in December 2021." "The project is part of the Belt and Road Initiative, a Chinese development strategy involving infrastructure development and investment in 152 countries." "According to an NPR report, the total cost of building the high-speed railroad is $6 billion, of which China will pay 70 percent. The Laotian government will finance the rest of the project through loans from Chinese financial institutions." "Chinese authorities claim that building the railroad will bring economic prosperity to the country, however, locals have told NPR that those who were removed from their lands for construction haven't received proper compensation. And Chinese tourists that have come to Laos mostly shop in businesses and restaurants owned by Chinese residents." SOURCES: Belt and Road Portal, NPR https://eng.yidaiyilu.gov.cn/qwyw/rdxw/76546.htm https://www.npr.org/2019/04/26/707091267/in-laos-a-chinese-funded-railway-sparks-hope-for-growth-and-fears-of-debt?utm_campa *** ------------------------------------------------------------------------------------------------ Next Animation Studio’s News Direct service provides daily, high-quality, informative 3D news animations that fill in for missing footage and help viewers understand breaking news stories or in-depth features on science, technology, and health. Sign up for a free trial of News Direct's news animations at http://newsdirect.nextanimationstudio.com/trial/ To subscribe to News Direct or for more info, please visit: http://newsdirect.nextanimationstudio.com [GmCICBE2ZQo] |
| Category | Education |
| Tags | Educational | animation | 3D | graphics | Next Animation | Next Media | feature | sidebar | video | explainer | image | illustration | graphic | china | laos | china railway | china laos railway |
