Eminent Mainstream Media
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So 95.4% of the revenue goes for debt payment- And the country has been hit by serious drought-And people there want more loan-
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westerner's old trick
Investments and PPPs.Looks like China are trying to make Sri Lanka accept more of its loans with a high interest rate.
Old British trick- with Chinese flavor-
Chinese didn't want the Airport to be built it was the then government. Rajapaksa didn't want to build a second runway in the BIA and wanted to build a Grand Airport named after himself. He merely abused China's willingness to give loans without conditions
http://www.dailymirror.lk/124427/BIA-runway-renovation-in-full-swing-
BIA runway renovation in full swing
2017-02-24 14:51:31
The main runway of Bandaranaike International Airport in Katunayake is currently closed for renovations. Flights will use the runway only at night time during January to April, while the Mattala International Airport is used as an alternative for flight services.
Pic by: Pradeep Pathirana
http://www.hirunews.lk/153937/mattala-airport-gets-busy
View attachment 379818
You are saying as If Chinese were 5 year old kids whom evil Rajapaksa was able to fool by offering a candy- I have never seen such loyalty for foreigner ever-
There is a thing called diplomacy. Chinese merely offered loans to develop the Airports. Its Sri Lanka's fault for not choosing BIA 2nd Runway which was being readied even before he came to power instead of the Mattala Airport which was proven as unfeasible in 2004 and is only useful for emergency runway in case of BIA is unavialable
CCP investment in sri lanka is going down the man hole ! The investment hasn't given back shit to the country other than 99 year lease of port !
Sri Lanka is a sovereign nation. They can go for 10 Humbantotas on their soil.There is also a think called loan feasibility and full detail of the project- I keep that in mind even before offering 10000 to the closest of my kin- And you want me to believe that the Chinese a 12 trillion $ economy gave away their money Just because Rajpaksa asked- I seriously doubt such courtesy even for state owned Chinese enterprises or even Chairman Mao's Son-
Srilankans are very excited about this- They firmly believe that Chinese will turn them into Singapore in 10 years- with lots of Job in Srilanka at a time Jobs are being cut in China itself-
There is also a think called loan feasibility and full detail of the project- I keep that in mind even before offering 10000 to the closest of my kin- And you want me to believe that the Chinese a 12 trillion $ economy gave away their money Just because Rajpaksa asked- I seriously doubt such courtesy even for state owned Chinese enterprises or even Chairman Mao's Son-
The Chinese govt offered to build a second runway in BIA instead but it was refused and I think they will offer it again in the near future as BIA expansion plans are back
There is a thing called diplomacy. Chinese merely offered loans to develop the Airports. Its Sri Lanka's fault for not choosing BIA 2nd Runway which was being readied even before he came to power instead of the Mattala Airport which was proven as unfeasible in 2004 and is only useful for emergency runway in case of BIA is unavialable
First China mistook SL for other South American and Middle Eastern Regimes. China was silent when Rajapaksa twisted every single project to glorify himself to keep the goodwill of SL. For example Rajapaksa renamed the National Performing Arts Theatre as the Nelum Pokuna Mahinda Rajapaksa Theatre the project was funded by China but was started before Rajapaksa came to power. China didn't protest beacuse it would affect ties.
Again Rajapaksa claimed the Port City was his idea and even made up a story of how he got the idea and Chinese didn't protest to keep Goodwill. They also allowed he Rajapaksa govt to create the EIA and take care of legal issues (which Rajapaksa's messed up entirely). Chinese only revealed that it was they that brought the proposal to Rajapaksa in 2015 when the Port City was found to have several major issues and was suspended. The Chinese envoy in a interview to Sirasa TV revealed that they revived an old proposal by Singaporean CESMA for a land reclamation project in the area.
The list goes on. If China asked Rajapaksa to stop using their money to feed his mental illness these issues would never come up.
Also note that Rajapaksa receives bribes from Indian investors . Rajapaksa's son (who led thugs to throw stones at Hambanota where Chinese delegation was present and he is also the leader of Nil Balakaya whose members vandalised the Hambantota port) got millions from a Indian company.
http://www.colombopage.com/archive_16B/Jul11_1468243391CH.php
Looks like China are trying to make Sri Lanka accept more of its loans with a high interest rate.
I still have hope SL will wriggle out of Chinese claws slowly. India need to help them smartly.
I still have hope SL will wriggle out of Chinese claws slowly. India need to help them smartly.