WASHINGTON — With less than 60,000 people spread across more than 830,000 square miles, Greenland relies heavily on air transport to move supplies and people up and down its coast.
So when the local government issued a solicitation to build three new airports, the move made sense from a business perspective. The project would be expensive, but would improve commerce and make life on the island easier for its residents.
Then a Chinese company — owned by the government in Beijing, and once blacklisted by the World Bank — put forth a bid, and a simple request for proposals transformed into a project with international diplomatic ramifications.
Tag Archives: CCCC
China Buys Panama’s Largest Port
Consolidating power in the Panama Canal
For more than 100 years, the Panama Canal has controlled the bulk of goods transferred between the Pacific and the Atlantic. For much of that history, this monumental feat of engineering was under the control of the United States. But this is no longer the case.
In May, Panama’s largest port was purchased by a Chinese company called Landbridge Group.
Margarita Island Port, on the canal’s Atlantic side, offers the company intimate access to one of the most important goods distribution centers in the world.
While promising to upgrade the ailing Panama facilities and offer more trade with America’s distant east coast, there is substantial reason to hesitate at the purchase of such a critical trade hub.
Chinese firm to build $1.4 bln Port City
Sri Lanka has signed a deal with a Chinese company to build a $1.4 billion city complex on reclaimed land near the harbour of the capital Colombo, an official said Wednesday.
The state-run Sri Lanka Ports Authority (SLPA) will reclaim 230 hectares (568 acres) next to the new Colombo South port, said SLPA chairman Priyath Bandu Wickrama. Continue reading