Sri Lanka finalises $1.12 bn port deal with China

[Han Patriot]

See mate you had 100 dollar bill and now you have 70 dollars and you start jumping up and down with joy claiming profit its as easy as that.

No military base
No monetary gain
One sided grants to an alienated population as a possibility equivant to loss in economic terms.

99 years you are ready to bleed for one wrong decision ? Go on

Remember Soviet Union and its economic mismanagement the more you bleed and hide below the carpet the more skeletal you become. Nothing is permanent in this world.

Not sure how we have 100 dollars in the first place. The port was built by China but was never controlled nor managed by China. Due to debt, we are taking over 80% of the port under proper commercial management and after 10 years we will reduce the stake to 65%, that is provided, someone can pay for that stake. The real deal would be if India can force SL from taking over that port, this is be a strategic gain. ALAS, the Anti China ports minister was fired for a reason.

1) We never wanted a military base NOW
2) Of course there is no monetary gain NOW, we just took over the port jose. Whether it can be profitable, my guess is if we can manage it like Piraeus and Colombo, it will be
3) Grant is not happening now, it's just my guess. Since they can't pay back their debt, the logical step would be to convert those debt to other strategic gains.

We are not exactly Soviet Union aren't we? We are a market based mixed ownership economy with an nationalistic authoritarian government. Last I heard our SOEs had a profit comparable to Indian budget.

 

[B2B]

The Chinese just lost Hambantota
No lease
No base
No further loans
No further investment

Only bring business earn money or suffer the losses.

And the cheerleaders are doing their jig.

Confusing who is on whose side actually.

 

[Guynextdoor2]

like i've said before numerous times in other threads:

naval base or not, a Chinese military installation in SL will only ADD to SL's security and benefit- and not decrease them.

It's her neighbour up north that is insecure.

SL has decided that China has to be removed. They've decided all exposure, especially those involving land has to be reduced. Pure trade in products, yes. But no further loans, no further land deals, no 'lease'.

Not sure how we have 100 dollars in the first place. The port was built by China but was never controlled nor managed by China. Due to debt, we are taking over 80% of the port under proper commercial management and after 10 years we will reduce the stake to 65%, that is provided, someone can pay for that stake.

1) We never wanted a military base NOW
2) Of course there is no monetary gain NOW, we just took over the port jose. Whether it can be profitable, my guess is if we can manage it like Piraeus and Colombo, it will be
3) Grant is not happening now, it's just my guess. Since they can't pay back their debt, the logical step would be to convert those debt to other strategic gains.

We are not exactly Soviet Union aren't we? We are a market based mixed ownership economy with an nationalistic authoritarian government. Last I heard our SOEs had a profit comparable to Indian budget.

No- it was a long term strategic plan to develop it into a military facility. That is completely off the table now. Sice you're pissed at that you're insisting that at least the money be paid back. As of today a military facility coming there is going be zero.

 

[Han Patriot]

No- it was a long term strategic plan to develop it into a military facility. That is completely off the table now. Sice you're pissed at that you're insisting that at least the money be paid back. As of today a military facility coming there is going be zero.

You do know the word LONG TERM? 99 year is a pretty long time bro. It is off the hooks until an Anti Indian PM comes to power, agreements can be amended bro. Now is time to make some money out of the port under proper Chinese management.

We NEVER WANTED a base now, not even Gwadar is ready now. It will be 10-15 years down the road.

 

[B2B]

You do know the word LONG TERM? 99 year is a pretty long time bro. It is off the hooks until an Anti Indian PM comes to power, agreements can be amended bro. Now is time to make some money out of the port under proper Chinese management.

We NEVER WANTED a base now, not even Gwadar is ready now. It will be 10-15 years down the road.

The question of your want or not has gone out of the window now.

Your only hope is anti Indian pm , well Sri Lanka is not a single party , single ruler country. There is a parliament , opposition and open media unlike in other places to our east.

So best of luck for losing Hambantota today , yet another loss for china in South Asia.

 

[Han Patriot]

Hambentota is extremely strategic and SL's taken it off your hands. Rajapakse is India's friend- he offered it to India before he offered it to SL.



You on pot? You have already communicated that the debt cannot be converted to grant, which is why this deal had to be restructured to start with.

Real friend indeed.
http://dailynews.lk/2016/03/30/features/77827

He offered it for development to India as a gesture knowing well India has no capability to develop any port. Look at the mess in Chabahar.

When did I communicate debt cannot be converted to grant? Is there a pro-China PM in power? If there is, I am sure they can work things out. Debt can be converted to grants in exchange for other things. Like a listening post or two, some aircrafts flying rights. So many things can be negotiated.

 

[B2B]

Real friend indeed.
http://dailynews.lk/2016/03/30/features/77827

He offered it for development to India as a gesture knowing well India has no capability to develop any port. Look at the mess in Chabahar.

When did I communicate debt cannot be converted to grant? Is there a pro-China PM in power? If there is, I am sure they can work things out. Debt can be converted to grants in exchange for other things. Like a listening post or two, some aircrafts flying rights. So many things can be negotiated.

Why was India not interested because it was economically not viable as you can see with facts on the ground now.
Vindicates our stand now.

Trincomanalee was also offered to us which we refused.

We don't trick somebody to gain somebody else's land.

 

[Han Patriot]

The question of your want or not has gone out of the window now.

Your only hope is anti Indian pm , well Sri Lanka is not a single party , single ruler country. There is a parliament , opposition and open media unlike in other places to our east.

So best of luck for losing Hambantota today , yet another loss for china in South Asia.

Technically it is still under Chinese lease for 99 years. And I believe Rajapaksa is still a serious contender for the next elections. Let's see how it unfolds. This is a long term game after all.

 

[Guynextdoor2]

You do know the word LONG TERM? 99 year is a pretty long time bro. It is off the hooks until an Anti Indian PM comes to power, agreements can be amended bro. Now is time to make some money out of the port under proper Chinese management.

We NEVER WANTED a base now, not even Gwadar is ready now. It will be 10-15 years down the road.

Man are you out of your mind? You can't say....1.5 Billion is loan, gimme my money now today, and then 3 years later...ohhhh buddy 1.5 billion is a grant and then 3 years after that....1.5 billion loan, gimme now.

You were asked whether the money could be forgiven, so you said no. So they restructured the loan to limit you to commercial port operations and are looking at places were they can get the money to pay you. There are so many issues they have:

- No infra plan ever 'succeds' so they're now of the opinion that you've cooked up numbers to aggressively promote projects that don't have the kinds of numbers to pay back
- You don't show any partnership spirit. If more investments are needed to let a project achieve success in the future you spend time recovering money instead
-your projects never help the local economy. ALl the jobs and money go to Chinese contractors
-you take over land, which a strict no no in any country.

 

[Han Patriot]

Why was India not interested because it was economically not viable as you can see with facts on the ground now.
Vindicates our stand now.

Trincomanalee was also offered to us which we refused.

We don't trick somebody to gain somebody else's land.

It's not viable for you because nothing is ever viable under GOI PSUs. . They know full well you guys are incompetent and incapable to run it. Hell, until today you still need transshipment for Colombo, Chinese port operators are handling majority of your cargoes there genius.

 

[Guynextdoor2]

Real friend indeed.
http://dailynews.lk/2016/03/30/features/77827

He offered it for development to India as a gesture knowing well India has no capability to develop any port. Look at the mess in Chabahar.

When did I communicate debt cannot be converted to grant? Is there a pro-China PM in power? If there is, I am sure they can work things out. Debt can be converted to grants in exchange for other things. Like a listening post or two, some aircrafts flying rights. So many things can be negotiated.

He did not offer it 'fully knowing India can't develop it', hell it's nowhere near what the likes of Mundra port is. He would have liked India to participate but he knew that because of the Tamil issue India can't. But he needed money so he said look:
- I need money to fight the tamils
-I'm giving you first right of refusal
-If you don't take it be advised that I will give it to anyone willing to give me the cash because I need to fight that war

No one here is waiting eagerly to bring in the chinese

 

[Han Patriot]

Man are you out of your mind? You can't say....1.5 Billion is loan, gimme my money now today, and then 3 years later...ohhhh buddy 1.5 billion is a grant and then 3 years after that....1.5 billion loan, gimme now.

We can do this. Loan now since it's commercial, x years later a pro China government in power, it becomes a grant, then sign us long term military base lease, end of story.

You were asked whether the money could be forgiven, so you said no. So they restructured the loan to limit you to commercial port operations and are looking at places were they can get the money to pay you. There are so many issues they have:

We said no NOW since this is a commercial undertaking. Remember SL still owe us much more than that with interests. In the future, if there is a friendly government, those loans can be changed to other forms of strategic gain.

- No infra plan ever 'succeds' so they're now of the opinion that you've cooked up numbers to aggressively promote projects that don't have the kinds of numbers to pay back
- You don't show any partnership spirit. If more investments are needed to let a project achieve success in the future you spend time recovering money instead
-your projects never help the local economy. ALl the jobs and money go to Chinese contractors
-you take over land, which a strict no no in any country.

Colombo port was a success under Chinese management. We can't dictate if the SLankans don't manage those assets properly, we are just he builders and financiers. If you can't manage it properly and pay back your loan, we take over management. Any bank would have done the same. It's just economics. This is apart from the strategic portion which is a different matter.

Imagine this, if Rajapaksa is still in power, then the airport is bleeding, China can say, hey you don't pay back, we take over that airport and forgive your loan, and in return we pay you 5 million in lease fees for the next 30 years but you let us base our J-20s there.

To show social responsibility, we can say a portion can be used for commercial flights.

 

[shahbaz baig]

He did not offer it 'fully knowing India can't develop it', hell it's nowhere near what the likes of Mundra port is. He would have liked India to participate but he knew that because of the Tamil issue India can't. But he needed money so he said look:
- I need money to fight the tamils
-I'm giving you first right of refusal
-If you don't take it be advised that I will give it to anyone willing to give me the cash because I need to fight that war

No one here is waiting eagerly to bring in the chinese

Russia is exploring GAS field in Pakistan as China-Russia already investing in Iran and Russia invested 10$ billion in Iran.
It can help China-Russia influence in the Region to Balance the Power in this Region. we only need regional Powers in our region not 3rd country like U.S.A.

And to be honest Afghanistan, Pakistan & Iran are just a bridge for regional power Russia,China & India.
but what U.S.A is doing in this Region it should be unacceptable for Regional powers.

Chabahar and Gawadar should be linked together for Russia too via Caspian sea because Gawadar have more capability (2nd deepest port) to hold Big ships then Chabahar having only 10 berth capacity. it should not matter for us that india built that port.

Gas Pipe Line Iran-Pakistan-India, Gas Pipe Line Tajikistan-Afghanistan-China via wakhan corridor.

the Land lock Country Afghanistan should be a Junction status.

After CPEC, Chabahar & Gawadar connectivity... Pakistan should play her role as bridge for India too for Afghanistan & further Central Asia (get rid of your unwarranted concern because you will have China & Russia because of Chabahar & Gawadar Port Connectivity so there should not be a problem to give access to India too). once we will marge our interest/dependency together no one can interfere specially U.S.A

Devil U.S.A is The biggest problem for all Regional Bridges and Regional Powers. and India is the most Stupid Regional Country because of India unwarranted Concerns & creating hurdles due to her cheerleaders (Zionist and US who dont even belong to our region)

suggestion for India

It's never too late in life to have a genuine decision. you should collaborate with Regional Bridges and Regional Power. you are one of Regional power but you are following your cheerleaders just for few benefits but losing the biggest benefits in long terms. you cant even confront with Regional Bridge like Pakistan and going to behind the Regional Power Russia & China in the Region. you have dream to be a super power and cant even hold the regional influence with regional bridges. get rid of your heaven of fools. just be realistic and move with Region first

 

[ohmrlobalobayeh]

India = no $$$

no $$$ = better dont talk

China = lotsa $$$

$$$ does all the talking for China

Which is why so many countries eventually willingly come back to prostitute themselves to China after awhile

Fact.

hahahaha.

 

[Han Patriot]

He did not offer it 'fully knowing India can't develop it', hell it's nowhere near what the likes of Mundra port is. He would have liked India to participate but he knew that because of the Tamil issue India can't. But he needed money so he said look:
- I need money to fight the tamils
-I'm giving you first right of refusal
-If you don't take it be advised that I will give it to anyone willing to give me the cash because I need to fight that war

No one here is waiting eagerly to bring in the chinese

Mundra, btw is run by Adani not exactly a gov PSU right? You think it is better than any 3rd rate Chinese port? Rajapaksa knows Indian capability well, no money, no capability, only political games in SL. He invited China in precisely to neutralize India.

Give money to fight Tamils? Tamils are your vote bank, you think he is that naive. It was just a cover to show neutrality, knowing well that India will not be interested. He can see from how India government does things, Chabahar mess, IPI mess, nothing ever gets completed.