October 4, 2022

AndronETalksNews

AndronETalksNews

China could SEIZE land from tiny Montenegro for failing to repay $1 billion ‘Belt and Road’ loan for 270-mile road to nowhere

Daily Mail.com

Perched atop massive cement pillars that tower above Montenegro’s picturesque Moraca river canyon is an incomplete highway that threatens to bankrupt the little Balkan nation. 

China Road and Bridge Corporation, the state-owned company which is building the bridge with imported Chinese workers, has not yet finished constructing the first section of the 270-mile highway to the Serbian capital Belgrade. 

The first instalment on a $1 billion loan from China’s state bank is due this month but it’s unclear whether Montenegro, whose debt has soared to more than double its GDP because of the project, will be able to pay it back.  

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