Both Chinese and African stakeholders are embracing new infrastructure financing models for road construction that both avoids adding to already high debt levels in some countries while reducing risk for Chinese creditors. The Public-Private-Partnership (PPP) model, long a favorite of U.S., European and Japanese governments, now appears to be catching on with the Chinese as well. Until now, China has favored state-to-state lending but new road projects in Uganda, Kenya and Mozambique, among others, reveal a willingness to experiment with new lending models.
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