Wednesday, August 29, 2012

A Ghost Chinese City in Angola

"Kilamba was conceived and constructed by state-owned China International Trust and Investment Corporation (CITIC) as the largest of several new "satellite cities" being built  by the Chinese in Angola. The $3.5 billion “city” was designed for 500,000 occupants, to be housed in the 2,800 apartment units that fill out the housing blocks. But these remain empty, as the BBC reports, in large part to the purportedly extravagant costs of the apartments – as high as $80,000 – that lay beyond the reach of most Angolan families which subsist on criminally low wages and have little to no access to large loans and mortgages."
--http://www.theatlanticcities.com/design/2012/07/ghost-city-angola-built-chinese/2608/

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