Everyone talks about the Sri Lanka port leased to China,why no one talks about this Aussie port ?

[beijingwalker]

Bribe millions to a few hand ful & get their objective met to later reap billions, in terms of getting in to illegal activities in the area, looting natural resources, bringing their labor & businesses, smuggle their cheap products to kill local businesses & spying - Chinese strategy.

Why Darwin is important for China.

Chinese are also buying properties in prime areas across Australia to push in their people & businesses.

Ok, China colonized Sri lanka and Australia, next the west will say China's gonna colonize America if not already did.

 

[xyxmt]

If ships can not dock in this port, what is this port made for? where did you hear that?

vedic wisdome, Indian ships can dock at the air port

 

[Peaceful Civilian]

This is hypocrisy of western countries.

 

[Kiss_of_the_Dragon]

This Aussie port lease is a business deal with both parties agreeing for mutual benefit.

Sri Lankan port lease by Chinese is through debt entrapment and coercion.

Really, you can’t tell the difference??

LMAO, lease with debt trap or not, both ports are under Chinese administration for 99 years , you Indians are so desperate because the SL port is so strategic close to India which allow Chinese to spy on Indian Naval activities .

 

[Mace]

LMAO, lease with debt trap or not, both ports are under Chinese administration for 99 years , you Indians are so desperate because the SL port is so strategic close to India which allow Chinese to spy on Indian Naval activities .

Did you even read the title of the op?

Your friend @beijingwalker is behaving like Chinese are holier than Jesus

You can’t use hambota port for anti Indian activities. And thanks for your money to run the Aussie port.

 

[Kiss_of_the_Dragon]

Did you even read the title of the op?

Your friend @beijingwalker is behaving like Chinese are holier than Jesus

You can’t use hambota port for anti Indian activities. And thanks for your money to run the Aussie port.

And what make you believe that we can use it for anti India activities if we ever need, we have 99 years to think on how to use against India in the pacific way...the only limit is the imagination . It's always China's pleasure to invest on any port that it's benefit for China, we can do the same with India

 

[Mace]

And what make you believe that we can use it for anti India activities if we ever need, we have 99 years to think on how to use against India in the pacific way...the only limit is the imagination . It's always China's pleasure to invest on any port that it's benefit for China, we can do the same with India

Misconception. No issues if China managing an Indian port with mutual agreement and benefits.

Hambota was squeezed out of a third world nation using debt trap. There is no place for pride in this for anyone.

 

[beijingwalker]

Sri Lanka to get US$3.9 billion oil refinery next to Chinese-run port in Colombo

• The project will be the largest foreign investment ever for the island nation
• The refinery will produce 200,000 barrels per day, mainly for export, though Sri Lankan companies could place orders for refined products and sell them to local consumers

Associated Press

Published: 12:22pm, 20 Mar, 2019

A Singapore-based company and the government of Oman have pledged to build a US$3.9 billion oil refinery next to a Chinese-controlled port in what will be the largest foreign investment ever for Sri Lanka, officials said on Tuesday.

The refinery will be a joint venture for the Singapore-based Silver Park International Private Limited firm and the Sultanate of Oman’s Ministry of Oil and Gas, said Nalin Bandara, Sri Lanka’s deputy minister of international trade. Construction will begin next week and the refinery is expected to be up and running in 2023, he said.

“This is the biggest foreign investment in the country’s history,” Bandara said.

The refinery will produce 200,000 barrels per day, mainly for export, though Sri Lankan companies could place orders for refined products and sell them to local consumers.

The refinery and a tank farm will be built on 237 hectares of land lying about 235km south of Colombo, near the Hambantota port that is controlled by a Chinese firm.

Sri Lanka leased the Chinese-built port located near the planet’s busiest east-west shipping route – to a Chinese firm in 2017 for 99 years in a bid to recover from the heavy burden of repaying a loan obtained the country received to build the facility.

China’s influence in Sri Lanka makes neighbouring India anxious because it considers the Indian Ocean region to be its strategic backyard. Sri Lankan government has been trying to balance both Asian giants. Sri Lankan officials have reiterated that the port’s security will be handled by the government in an attempt to allay fears that the port could be used by China as a military hub.

Bandara said Silver Park has 70 per cent stake in the joint venture while Oman controls 30 per cent.


The investment comes as Sri Lanka struggles to repay US$5.9 billion in foreign loans this year, of which 40 per cent that must be serviced by the end of this month. The country used its reserves to repay a US$1 billion sovereign bond loan in January.

Much of Sri Lanka’s foreign debt is from China, with loans obtained to build motorways and other infrastructure projects, including some that have become white elephants, deepening the country’s debt burden.

Sri Lanka’s export earnings are expected to rise US$7 billion because of the refinery, Bandara said.

https://www.scmp.com/news/asia/sout...39-billion-oil-refinery-next-chinese-run-port

Indians can only envy.

 

[Tom M]

Sri Lanka to get US$3.9 billion oil refinery next to Chinese-run port in Colombo

• The project will be the largest foreign investment ever for the island nation
• The refinery will produce 200,000 barrels per day, mainly for export, though Sri Lankan companies could place orders for refined products and sell them to local consumers

Associated Press

Published: 12:22pm, 20 Mar, 2019

A Singapore-based company and the government of Oman have pledged to build a US$3.9 billion oil refinery next to a Chinese-controlled port in what will be the largest foreign investment ever for Sri Lanka, officials said on Tuesday.

The refinery will be a joint venture for the Singapore-based Silver Park International Private Limited firm and the Sultanate of Oman’s Ministry of Oil and Gas, said Nalin Bandara, Sri Lanka’s deputy minister of international trade. Construction will begin next week and the refinery is expected to be up and running in 2023, he said.

“This is the biggest foreign investment in the country’s history,” Bandara said.

The refinery will produce 200,000 barrels per day, mainly for export, though Sri Lankan companies could place orders for refined products and sell them to local consumers.

The refinery and a tank farm will be built on 237 hectares of land lying about 235km south of Colombo, near the Hambantota port that is controlled by a Chinese firm.

Sri Lanka leased the Chinese-built port located near the planet’s busiest east-west shipping route – to a Chinese firm in 2017 for 99 years in a bid to recover from the heavy burden of repaying a loan obtained the country received to build the facility.

China’s influence in Sri Lanka makes neighbouring India anxious because it considers the Indian Ocean region to be its strategic backyard. Sri Lankan government has been trying to balance both Asian giants. Sri Lankan officials have reiterated that the port’s security will be handled by the government in an attempt to allay fears that the port could be used by China as a military hub.

Bandara said Silver Park has 70 per cent stake in the joint venture while Oman controls 30 per cent.


The investment comes as Sri Lanka struggles to repay US$5.9 billion in foreign loans this year, of which 40 per cent that must be serviced by the end of this month. The country used its reserves to repay a US$1 billion sovereign bond loan in January.

Much of Sri Lanka’s foreign debt is from China, with loans obtained to build motorways and other infrastructure projects, including some that have become white elephants, deepening the country’s debt burden.

Sri Lanka’s export earnings are expected to rise US$7 billion because of the refinery, Bandara said.

https://www.scmp.com/news/asia/sout...39-billion-oil-refinery-next-chinese-run-port

Indians can only envy.

Envy ?? Exactly why??

Because an Indian group is doing the major investment and building this project along with OMAN, huh ??

Indian-Omani group strikes $3.85 bln deal to build Sri Lanka oil refinery

And FYI, the deal is not yet finalised yet and signed. Its only in the early discussion stage if I'm not wrong.

 

[fallstuff]

are you trying to play dumb ??

1. there is no business use case for sri lankan port. Sri Lanka already has ports.

2. The Australian port exists. going by your link China is going to operate it. The Sri Lankan port was built from scratch using Chinese labor and Chinese companies and Chinese loans. The cost of repaying the loan was saddled on Sri Lanka and parlayed into a 99 year lease. BTW it is a gr8 deal for China and a lousy deal for Sri Lanka.

China paid $1.4 billion to lease the port on 70:30 lease ownership, the money will pay the Chinese debt off. Sri Lanka has a deep sea port on its land without the burden of running it while getting 30% of the revenue. How is that a lousy deal for Sri Lanka ?

 

[nahtanbob]

China paid $1.4 billion to lease the port on 70:30 lease ownership, the money will pay the Chinese debt off. Sri Lanka has a deep sea port on its land without the burden of running it while getting 30% of the revenue. How is that a lousy deal for Sri Lanka ?

What is the point of getting things you do not need ?

 

[Adam WANG SHANGHAI MEGA]

Believe western medias, no Thanks!

 

[nahtanbob]

Believe western medias, no Thanks!

as opposed to no media in china

 

[Adam WANG SHANGHAI MEGA]

as opposed to no media in china

sure, keep. think this way, we Chineses move into 20000 USD per capita economy with no medias, we chinese live in hell,and please you India keep live in 2000 USD Per capita land of freedom and democracy.

 

[AViet]

as opposed to no media in china

No media??? is that what they taught you in the US school?

And even your president shows his contempt for your media and journalists. I doubt anyone, even Indian on this forum, still take Western media as a trustful source.