And what happened when these port failed? Did the lenders try to lease these ports for 199 years?
Hambantota port is a classic example of why country needs to be wary of this so called Chinese investment (read economic colonization).
As if the Chinese Exim bank did not see this coming.
hahahha do you know that the World's biggest ports by cargo tonnage are mostly Chinese-managed ports?
Rank Port Country Measure 2014 kiloton[1] 2013 kiloton[2] 2012 kiloton[3]
1
Shanghai
China MT 678,376 696,985 644,659
2
Singapore Singapore FT 581,268 560,888 538,012
3
Guangzhou China MT 500,975 472,760 438,000
4
Qingdao China MT 465,055 450,111 407,340
5
Port Hedland Australia MT 446,922 488,000 288,443
6
Tianjin China MT 445,780 477,399 477,000
7
Rotterdam Netherlands MT 444,733 440,464 441,527
8
Ningbo China MT 429,912 399,250 364,612
you cant teach a man how to fish, if he has no interest in learning how to at all. Instead he would rather gobble up that single big fat fish that he had to fullfill his hunger.
Just watch how this hambantota is going to make a drastic u-turn in its fortunes once it's in Chinese-style management.
I dare say the money from the Chinese investments got diverted into personal pockets instead of legal projects and infrastructure building. Looks like Chinese investors are still experiencing exactly what Zhenghe had seen over 500 years ago when he reached sri lanka
