Wednesday, June 13, 2018

China buying up US railroad systems

The Chinese Communist Party (CCP) is taking steps to control the U.S. rail industry, leveraging state funding to undercut competitors, force private companies out of business, and then dominate the market....
“We saw all this happening and got concerned because we don’t want to see America be like in Australia and other countries where CRRC dominates,” he said. “If CRRC took over and decimated our U.S. rail base, they could charge whatever they want because they’d be the sole provider.”...  
The CCP also uses infrastructure programs as a pseudo-economic Trojan horse into foreign countries.  In countries throughout Africa, Latin America, and Asia, the CCP will often build infrastructure while keeping the jobs and management under its own control.https://www.theepochtimes.com/china-pushing-to-control-us-rail-industry_2558241.html
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7-6-17   The primary contractor of the Mombasa-Nairobi line is the China Road and Bridge Corporation (CRBC) under the China Communications Construction Corporation; the Addis-Djibouti line was constructed by the China Railway Construction Corporation (CRCC) and the China Railway Group (CRG). All three Chinese companies are mega players in China’s construction service sector.
https://www.brookings.edu/blog/africa-in-focus/2017/07/06/china-and-the-east-africa-railways-beyond-full-industry-chain-export/
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11-7-16   
http://www.globalconstructionreview.com/news/first-chinese-train-arri7ves-lat7via-op7en/

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