Few Chinese companies shown keen interest to build the Colombo LTR system under
@BRI_SL
. sources say at a half the cost of which Japanese companies quoted.
@UNESCAP
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China Belt and Road Initiative: Melbourne's new trains being built in China by blacklisted Belt and Road firm
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Per/KM LRT track the Japanese has quoted some USD 118mn whereas the Chinese have quoted around USD 54mn for the same distance. The China Harbour has been offered the project last year in June to develop the red & the blue lines of the LRT via
@sulorammohan
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@pcranawaka
Sri Lanka’s former minister asks apology from Japan PM
@sugawitter
for cancelling LRT project.
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@BRI_SL
@UNESCAP
Japan proposed lower intrest rate and more than 10 years grace period to payment.. What about China on these terms? What is the clause for inability of payment? The general public need to know... we already lost precious lands on lease to foreigners
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@BRI_SL
@UNESCAP
Wow, darn lucky us SriLankans are! We might even get the great honour of paying interest at at least 1000bps more with half the duration. Lucky us! Thank u so much China. Duh, sure u can take a tiny chunk of unused prime
land as collateral as well!
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@BRI_SL
@Reshzankan
@UNESCAP
We have expect more and more breakdown like Nuraicholai power plant.
Half of the cost with more than 100 time inerest rate.
10% to the Royal Family.
Sinhla buddhists must be happy now
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@BRI_SL
@UNESCAP
But still Japanese constructions has more quality and value in them, unlike yours.
#LoanBait
#LoanSharks
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@BRI_SL
@UNESCAP
Oh so this was what it was all about... putting all our eggs in one basket - the one that leaks real estate out of our country.
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@BRI_SL
@UNESCAP
Never will match the quality of the Japanese. We have seen the Takaran now running .
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