That's what happened to Sri lankaIf Pakistan progresses it is good for its citizens and for the region. It seems that China is taking Pakistan for a ride here. They've done it in African countries and we saw what happened to that port in Lanka. Do Pakistanis see the project as a positive or they think it will lead them to a Chinese debt trap?
What kind of cargo tonnage does Hambantota receives each year?The port Jackdaws is talking about is Hambantota and not Colombo.
I am talking about HambantotaThat's what happened to Sri lanka
Well put, Pakistani brother!1- This road to nowhere added 7000MW to national grid Only electricity gap was causing 13 billion dollars loss to Pak economy per annum.
2- Access to electricity for the rural population increased from 90.3% in 2015 to 98.8% in 2016 (World Bank)
3- Transmission and Distribution Losses went down to 16.5% in 2017 from 19% in 2015 (Ministry of Finance)
4- Bill recoveries increased from 16% in 2015 to 19% in 2017 (Ministry of Finance)
5- Installed capacity of electricity is 29,573 MW in 2018, which was 22,812 MW in 2013 (Pakistan Economic Survey)
Electricity generation increased from 96,496 GW/h to 117,326 GW/h (Ministry of Finance)
6- A total of $ 33.8 billion in energy project have added 12,230 Megawatts of energy (Pakistan Economic Survey)
1- Early harvest projects of CPEC have created 30,000 direct jobs for Pakistanis (ACCA Global and PCI)
2- 800,000 direct jobs estimated in the next 15 years. (Ministry of Planning and Development)
3- Construction of ML-1 projects will further create 10,000 to 15,000 direct jobs this year (Ministry of Planning and Development)
4- CPEC will reduce unemployment by 2.32 million by end of 2018 (Global Times)
5- 75% of the total employees working in CPEC projects are Pakistanis, contrary to the belief that the Chinese have a higher representation (Ministry of Planning and Development)
6- Raksai and Faisalabad SEZs are Umder construction, many more ro come. Will strengthen industrial base.
I think China is taking Pakistan for a free ride. Despite the claims of CPEC being a loan, Pakistan may just be accorded the luxury of deferred payment by China. Only if Pakistan decides to side with the US against China in geo strategic affairs, will China lose its impetus to accord leeway for Pakistan.If Pakistan progresses it is good for its citizens and for the region. It seems that China is taking Pakistan for a ride here. They've done it in African countries and we saw what happened to that port in Lanka. Do Pakistanis see the project as a positive or they think it will lead them to a Chinese debt trap?