Chinese infrastructure projects in advanced industries: The Atucha 3 nuclear power reactor in Argentina
No 6005, Working Paper from Department of Economics, University of Pittsburgh
Chinese participation in Argentinaâ€™s Atucha 3 nuclear power project highlights substantial issues surrounding growing Chinese involvement in infrastructure and manufacturing projects that require high levels of capability in both advanced technologies and systems integration. Rapid Chinese progress in both areas points to the emergence of a two-tiered market for civilian nuclear power projects, with the Chinese alternative offering â€œgood enoughâ€ levels of quality and safety, modest cost advantages compared with offerings from U.S., Japanese or Korean rivals, and, crucially, access to attractive financial terms offered by officially-backed Chinese lenders.
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