World Cities Summit: Sri Lanka's US$14b Port City Colombo still viable despite crisis, says official

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  • Опубліковано 2 жов 2024

КОМЕНТАРІ • 83

  • @EdwinaTS
    @EdwinaTS 2 роки тому +31

    I have confidence in Sri Lanka. It is very well situated and wisely pursuing sustainability. A temporary set back it is.

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    @gideongido7465 2 роки тому +11

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      @mohamedzack4177 2 роки тому

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      @mohamedzack4177 2 роки тому

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      @cristinadi4413 2 роки тому

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      @mufasahongu2616 2 роки тому

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      @mufasahongu2616 2 роки тому

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  • @reazurrahman4831
    @reazurrahman4831 2 роки тому +13

    Sri Lankan people educated but not their mentality. They want to become rich by one night. Most of them are hungry for commissions. For a business opportunity meeting the one who will arrange the meeting with Gov the guy will ask for money and the Gov guy also. If they don’t learn from present situations they will never

  • @PianoMatronNeeNee
    @PianoMatronNeeNee 2 роки тому +17

    Hope it helps the people.

  • @cherylbulleid7091
    @cherylbulleid7091 2 роки тому +19

    You sound like a very intuned fella, keep up the good work. Avoid corruption at all costs if you can.good luck Sri Lanka.

  • @xxoo-lp6vc
    @xxoo-lp6vc 2 роки тому +22

    😅 US UK EU warn of the "Chinese debt trap".
    Sri Lanka's debt:
    47% - Market borrowings (bonds) - most of which is held by BlackRock (USA shadow government company)
    13% - Asian Development Bank (a western own and run bank)
    10% - China
    10% - Japan
    9% - World bank
    2% - India
    9% - Others..

    • @johnfoo1959
      @johnfoo1959 2 роки тому

      The west blames China for the fall of SL. Didn't even know that 10% of debt to China can be so devastating, have to give a thumb-up to China for this so-called debt trap. If just mere 10% of debt can bring a country, China definitely has a very powerful weapon in hand. BUT what does China gain by toppling a country with its 10% debt-trap???? Mind blowing!!!

    • @saliyayou
      @saliyayou 2 роки тому

      Look around The West is crumbling and crumbling fast.BRICS economy is the fastest growing and this are good signs for SL.

    • @tankman20064
      @tankman20064 2 роки тому +1

      Return to India. One country 2 system

    • @milroyanthony595
      @milroyanthony595 2 роки тому +2

      LOL! The list is the government bond; sadly, all the chinse debts are structured as private. SL gov's bond debt is around 51bn, but the total debt is about 90+bn, so the money owed to China is far greater than 10%!!!! Chinese disinformation continues😂😂😂

    • @PresidentEvil
      @PresidentEvil 2 роки тому +3

      China owns their port for the 99 years

  • @dhanapalagodage6920
    @dhanapalagodage6920 2 роки тому +11

    Ambitious project. It's not a loan to SL but total Chineses investment with all facilitation by SL govt. Reclaimed land owned by SL govt and leased to prospective investors. Political and financial stability of the country are essential. Good presentation.

    • @milroyanthony595
      @milroyanthony595 2 роки тому +1

      I wouldn't use the word ambitious more like delusional. Here is why:
      ord City tries to become a global financial center by building skyscrapers like other financial centers. However, this misses the key point- none of the global financial centers started with skyscrapers - they built them as they became successful financial/economic centers. This is like living like a millionaire on a credit card, hoping it will help to become an actual millionaire! Optimism is good, but sadly this is not optimism!

    • @RollerGuideX
      @RollerGuideX Рік тому

      No entirely true. CHEC the chinese company has invested to setup first level reclamation and setting up the ground level infrastructure. For their investment, they have retained a 99 year lease for majority of leasable land. The soft facilities like regulatory environment etc are to be entirely setup by govt of SL. There's a Saudi based company who's a co investor to the project alongside CHEC. But yes, by far the majority of initial investment is from China.

    • @RollerGuideX
      @RollerGuideX Рік тому

      @@milroyanthony595 I would beg to disagree. Dubai is a classic example of how a national vision, solid visionary leadership that has transformed a country. Sheikh Mohammed Bin Rashid Al Maktoum was the man who made it happen led by the Jebel Ali Harbor and then Emirates Airlines transforming Dubai to the regional hub it is today. They too had many disadvantages of impressing upon the "West" and they despite holding onto their strict beliefs, they made it work. In SL the single biggest problem is not having that visionary leadership. Singapore, Dubai, Rwanda and even the USA was transformed by visionary leaders. You can't expect a single development project to take the full weight of a nations progress. But in absence of anything I wouldn't boo boo them for trying. Agreed buildings alone don't maketh a successful city. It takes vision, strategy, implementation, consistency and stability to achieve those. I sincerely hope these guys will succeed against the immense odds their facing. And kudos to them for trying.

  • @phpn99
    @phpn99 2 роки тому +4

    The BS level here is stratospheric. This project is essentially a hot potato for the Chinese gov't. Sri Lanka is in no position to even remotely do anything of substance with this white elephant. China built this thing as a stop along its Belt and Road Initiative, which it is itself unable to complete, given the state of the Chinese economy. Yet, all of it is structured as debt for Sri Lanka... which China is reluctant to re-structure, for fear of causing a precedent with other emerging nations who owe them a ton of money.
    Sri Lanka needs Beijing to bail it out, but Beijing contrary to its propaganda, doesn't do any of these projects out of compassion for struggling nations. Thank you, Beijing !

    • @SonofChrist77
      @SonofChrist77 2 роки тому

      You’re the only wise one here kudos on seeing through the bs. 👏👏

  • @johntwohy8337
    @johntwohy8337 2 роки тому +3

    Uncle Sam wont like it.

  • @MrBoliao98
    @MrBoliao98 2 роки тому +7

    14 Billion of unnecessary nonsense, and they only have 10 Billion in reserves, no wonder bankrupt. What financial hub, you don't even have reserves.

    • @asdf3568
      @asdf3568 2 роки тому +6

      That's what the foreign investment are for. He explains it in the video.

    • @sarangawalimuni4955
      @sarangawalimuni4955 2 роки тому

      lol what an idi*ot

    • @yeeet1198
      @yeeet1198 2 роки тому

      you're not very smart are ya?

  • @robinsultan939
    @robinsultan939 2 роки тому +3

    Srilanka should allow cheap sell of their property as before starting the port ,they won't see any profit

  • @josephchettupuzha8689
    @josephchettupuzha8689 2 роки тому +3

    Like the Dubai world Islands it will sink. A one meter sea rise is a given. The future cost of preventing sea erosion will ensure Sri Lanka is always in debt. Extremely foolish to go in for reclamation when 100 Ha of land could easily be procured on reasonably high ground away from the waves.

  • @rukmaldias6762
    @rukmaldias6762 2 роки тому +1

    Interviewing the CEO or Managing director of Port City will not be able to proper understanding of the whole project ...our country is economically in deep trouble .. trying to sell real estate in such a situation will only get peanuts..
    This person is creating a rosy picture as if he owns Sri Lanka...like the President.. 95% of the 22mn population are hanging on a thin line..
    In that he is promising ...

  • @mohamedfayas2375
    @mohamedfayas2375 2 роки тому +2

    Srilanknalookngood

  • @hclau362
    @hclau362 2 роки тому +3

    CNA works like it is funded by US Govt. Shameful. Why don't you inform your viewers that 90% of Sri Lanka's debts are owed to Western Financial Institutions or Western controlled agencies. Why don't you also inform your viewers that 60% of Sri Lanka's Govt budget for many years are used just to repay interest of those debts. Shameful that you ignore the obvious reason for Sri Lanka's debt problem and try to spin it as a Chinese debt problem, the holder of only 10% of the debts.

    • @C02045
      @C02045 2 роки тому +1

      Simply incorrect statement. Debts at 8% are a quarter as costly as loans at 2%. IMF/World Bank do not charge usurers punitive rates.

  • @kennylee9413
    @kennylee9413 2 роки тому +7

    God Bless Sri Lanka. God is the answer!!!!!!!

    • @shemis3660
      @shemis3660 2 роки тому +1

      Yes. Sri Lanka needs Revival!

  • @sarangawalimuni4955
    @sarangawalimuni4955 2 роки тому +4

    Hard reforms are the need of the hour
    Turn the central bank in to a currency board and that would send a positive signal that we are serious

  • @michaelmcfeely6588
    @michaelmcfeely6588 2 роки тому +1

    No bailouts for banks.

  • @josephyeo6966
    @josephyeo6966 2 роки тому +3

    Sometimes when you suspect you have been had, it may be better to cut your losses and run.
    However, if you take out a large loan and you cannot repay the loan, sharks will find a way to take your assets making it impossible to run.
    Plans always look good on paper with their nice pictures but in reality it often becomes a mirage. To recoup an investment of that size you will need to stand out in terms of security, skilled workforce and availability of building materials, goods and services. It is ok to think big but it is unwise to let someone else talked you into thinking big.

  • @VMRDY
    @VMRDY 2 роки тому +2

    Chinese city in Sri Lanka.

  • @sanathanuradha
    @sanathanuradha Рік тому

    Hope srilankan will better

  • @dhana7373
    @dhana7373 2 роки тому +1

    Some visited Jaffna and told there was nature port which could berth a aircraft carrier easily…well tragically a whole minority had to be wiped out for …

  • @dayylogg9716
    @dayylogg9716 2 роки тому +5

    He is in denial that it is already a ghost city. This is a minor sign of the end time, when all the barefooted shepherds are competing among themselves to reach the sky.

    • @asdf3568
      @asdf3568 2 роки тому +6

      It's not even built yet

    • @saliyayou
      @saliyayou 2 роки тому +4

      This is the land where the saying goes "Rise of the Phoenix " is become a REALITY.West is crumbling and East is rising and rising Fast.Dumb minds will write off Sri Lanka,But Sharp minded will be embracing.During the LTTE war,most of the brain dead analyst were predicting that SL will be parted and that's the only way forward. 😁😁😁😂That's history 😊😊😊

  • @arifuzzamanchowdhury1190
    @arifuzzamanchowdhury1190 2 роки тому

    Not except any aggression we are see to peace

  • @awesome8975
    @awesome8975 2 роки тому +1

    I thought it was a chinese debt trap, but it seems like the only remaining thing that can be save.😂😂😂

  • @RSXXX229
    @RSXXX229 2 роки тому +1

    ALREADY, DROWNED IN MORE DEBT. SRILANKA LIVES BEYOND ITS MEANS WITH "BORROWING" (PAYING ONE CREDIT CARD WITH ANOTHER BORROWING).

  • @joepaiva2268
    @joepaiva2268 2 роки тому

    Sir you say WE have started reclamation.
    Who is this WE. Is it Sri Lanka or China. The world knows Sri Lanka is bankrupt How then can Sri Lanka undertake this massive project.
    Who actually undertook the Enviromental Impact Studies ? Is it an internationally recognized independent authority ?
    You speak of achieving economic and social stability. And there will be pain.
    However you did not speak of the Political stability, when there so much turmoil. A very unpopular newly appointed President Ranil Wickremesinge. Human Rights violations.
    In a country where the Government administration so corrupt. The Regulatory Authority overseeing the projects in line with environmental guidelines is fraught with serious concerns.
    Finally you work for Chinese investments.
    I believe there has to be more transpetancy to what you are showcasing. You are well aware of the India - China sour relationship. I believe Indian investments would be skeptical and not forthcoming.

  • @Hkchinese888
    @Hkchinese888 2 роки тому +2

    Totally waste of time, how can find any investor to put money on a bankrupted country, the fate of the port city will be the same as hambantota

    • @skipper2594
      @skipper2594 Рік тому +1

      even now over 2.5 billion $ investments have recieved to this city, for international school,international hospital and luxury hotels and business spaces, even a duty free shopping complex is openning in port city next month for people, and sri lanka got another 400 million $ investments and starting to build the largest logistic complex in south asia this month, lotus tower got 1 billion $ investment from singapore,,, still dont get it?

  • @tankman20064
    @tankman20064 2 роки тому +1

    Return to India. One country 2 system.

    • @Dananjaya1020
      @Dananjaya1020 2 роки тому +1

      Never😤

    • @skipper2594
      @skipper2594 Рік тому

      keep dreaming , sri lanka never was a part of india, sri lankans always war and won against endia , only time that indians achieved something is in chola invations, its just 11 000 km2 s from 65 000 km2 area of sri lanka for just few years,other 54 000 km2 always was under sri lankans, so those genes still with sri lankans, we never be a endian state never ever, endia already destroyed sri lanka the most developed country in south asia during 1970s by a 30 year w@r,30 years arent few years, it affected so much to our development, if endia wanna get SL it will be over our d e @ d b 0 dies!!!

  • @liar-liar
    @liar-liar 2 роки тому

    She should interview Rajapaksa

  • @callmevil
    @callmevil 2 роки тому

    Wow.. old vikkstar..

  • @jbh2761
    @jbh2761 2 роки тому

    So you did a deal with China to build this port … good luck with that , no wonder the local Sri Lankans are so pissed with your government , huge amount of corruption for self gain . I’ve seen no gain for the local people except hardships.

    • @skipper2594
      @skipper2594 Рік тому

      sri lankans support china always

  • @chaloouser9496
    @chaloouser9496 2 роки тому +1

    So embarassing 😂🤣🤣