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Keyword: chinarailway

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  • Head Of China's Railway Company Commits Suicide: First Graft Probe Casualty?

    01/06/2014 8:55:33 AM PST · by george76 · 1 replies
    Zero Hedge - SCMP ^ | 01/06/2014 | Tyler Durden
    Bai Zhongren, the president of state-run China Railway Group - the state-owned engineering giant behind many of the country's largest railway projects - committed suicide over the weekend. As SCMP reports, Bai is among several senior railway officials and executives who have committed suicide since corruption scandals implicating the senior railway officials began to come to light three years ago. ... Xinhua quotes a colleague as saying that part of the cause of Bai's depression might be the heavy debts that his company has run up.
  • China $4.6b railway deal to test Kenya’s relations with Uganda

    05/23/2011 3:13:11 PM PDT · by AfricanChristian · 6 replies
    Chinese construction company, China Roads and Bridge Corporation, has successfully lobbied Kenya to pull out of a bilateral agreement signed with Uganda in October 2008. The agreement committed the two neighbours to co-operate on the building of a modern railway link between the port of Mombasa and Kampala. If the proposal by China Roads is accepted, it will not only precipitate diplomatic tensions, but force Uganda into seeking partnership with Tanzania and Rwanda to develop an alternative standard gauge railway link through the Central corridor in Tanzania. On October 28, 2008, presidents Yoweri Museveni of Uganda and Mwai Kibaki of...