Namibian Finance Abandons Chinese Airport Loan

By Shinovene Immanuel

FINANCE minister Calle Schlettwein called a halt to negotiations with the Chinese government over a N$7,5 billion loan to fund the proposed upgrades at the Hosea Kutako International Airport in January last year.

Schlettwein confirmed to The Namibian on Wednesday that he had written a letter to the Chinese government, through the Chinese ambassador at the time, informing it that Namibia was abandoning the airport construction and rehabilitation loan talks.

Schlettwein's letter was delivered to the Chinese in January 2016, a few months after President Hage Geingob had intervened to cancel the airport construction tender, following a public outcry over the astronomical cost of the project, and about a month before the Chinese company which had been awarded the tender, Anhui Foreign Economic Construction Group, took government to court over the cancellation of the tender.

READ MORE: http://www.namibian.com.na/51921/read/Finance-abandons-Chinese-airport-loan