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Go ahead shoot..In The Following Days I Will Be Giving An Up Close Analysis On CPEC Project.Giving A Fair and Impartial Analysis.Hope I Will Get Encouragement
Also, as it will gradually operationalise, the increased trade and economic activity will offset the burden of the loans and with every passing day, the loan will be going down and the the economic activity will be going up...WHY COMPARING GWADAR WITH HAMBANTOTA IS IDIOTIC?????
1.Hambantota Port and Airport Was Built With A Commercial Loan Whereas Gwadar Port Was Built With Grants Plus Soft Loan
2.Loans For Gwadar Airport The Loan Has Already Been Converted Into Grant and The Loan For The East Bay Expressway Has Been Converted Into Interest Free Loan.The Remaining Portion of Gwadar Airport Is Being Financed By Oman .So Pakistan Is Practically Getting An Airport Free of Cost
3.The Loans Have Also Been Slashed Down From 3% to 1.6% Which Is Pretty Much In Reach of Pakistan’s Pocket
China converts $230m loan for Gwadar airport into grant
4.The Loans Given For The Power Projects Are Being Given To The IPPs Setting Up The Power Plants And Are Not Part of Government of Pakistan’s Debt.They Are In The Books Of The Investors Operating Those Power Plants
5.Similarly Most Road Projects Are Being Built on BOT Basis And Any Financing By China Ex Im Bank Will Be Debt In The Books Of The Concession Holder
6.Lastly Hambantota Did Attract Investment and Shipping To Begin With But It Was Grossly Mishandled By The Sri Lankan Government.The Unfortunate Event Of A Japanese Ship Getting Hijacked By Port Workers Was A Death Knell for The Port.The Port Was Declared High Risk By Marine Insurance Companies and Thus Became A White Elephant
http://www.newindianexpress.com/world/2016/dec/14/shipping-insurance-companies-dub-hambantota-port-in-sri-lanka-as-high-risk-1548984.html
Also, as it will gradually operationalise, the increased trade and economic activity will offset the burden of the loans and with every passing day, the loan will be going down and the the economic activity will be going up...
These so called libturds are basically western slaves and they are the most disgusting beings...morally and financially corrupt bastards.That Is Exactly What Dr Ishrat Husain Has Tried To Explain.Unfortunately Sane and Rational Voices Are Giving Way To Foreign Funded Propaganda
Can't compare Hambantota and Gwadar.
Hambantota was owned by the Lankans and they leased the port to the Chinese with a 70% share in exchange for the loan they took. They converted debt to equity.
In Gwadar's case, the Chinese already lease the port and have a 91% share of the profit. The Chinese even get an 85% share of the free trade zone. Pakistan still owns the debt.
Cant wait. Good luck.In The Following Days I Will Be Giving An Up Close Analysis On CPEC Project.Giving A Fair and Impartial Analysis.Hope I Will Get Encouragement
No Pakistan Does Not Own Any Debt.Most Of The Debt Is In The Books Of IPP Sponsors.
And The Debt On Major Gwadar Related Projects Has Been Converted To Grant Or Interest Free Loan
Good. Look forward to it. My take is simple. CPEC is -Hope I Will Get Encouragement
Cant wait. Good luck.
Things I am interested with regard to CPEC includes,
1) When will the real benefits become apparent interms of 2 % GDP growth that we are expecting.
2) When will the industrial zones start exporting
3) Is CPEC a strategic project or a business one
4) There was talk about Railway line from Kashgar to Gwader, any update
5) Also what about the oil city in Gwader and subsequent oil pipeline for the same
6) Do you think would Chinese invest more , over and above $ 62 Billion in the years to come?
7) Do we have any figures interms of investment coming from private Chinese companies in these special economic zones ( thats obviously above this $ 62 Billion for the infrastructure).
8) Does CPEC have any military dimension to it
9) What is Pakistan doing to curb the media propaganda launched by India regarding CPEC.
I think we all very well know that CPEC is blessing for Pakistan, one doesnt have to be apologetic about it, as we have seen the massive benefits only in last 5 years.