I'm starting to get highly sceptical of these massive city-sized prestige projects on developing nations. It just feels like a massive vessel for fraud.
It's a debt trap. Sri Lanka has already lost Hambantota Port after defaulting on a loan , next will be part of their Capital City, giving China a strategic foothold, for all the reasons given here.
Thats what China does. To their own country and to poorer countries that they can take advantage of. They get them into debt with these huge infrastructure projects and then the poor countries eventually have to economically depend on China and have to listen to whatever they say in fear of backlash and less investment.
@@VarietyGamerChannel Nope. You raise your voice against it. People of your nation can unite against it. But slow colonization with corruption is harder to deal with. And 2 wrongs doesn't makes it right. Wumao.
Any project this big is bound to have delays too, so it could be more like 30 or 35. So yeah, if n + 35 ≤ (Paul D's life expectancy), then you may get to see the completed city someday.
Port City Colombo will be magnificent infrastructure, but ended as Chinese debt trap and it become "another Chinese colony", full of Chinese people and chinese rich businessman while local Sri Lankan people only works as cheap maid or janitor.
Sri Lanka: 'We don't want our smart people to leave' Smart people: 'my country just sold its capital city to china, i should leave now to protect my families freedom and rights'
@@ushanslife4580 Did you know in China you couldn't use RUclips as you're doing now, right?. Unless you're using VPN, you can't use Facebook, WhatsApp, Twitter or even Google. Get fun with the Chinese censorship.
@@keithmccracken5557 You cant blame them for copying the west. As a nation that is trying to grow, its only logical to apply aspects of urban planning that have contributed to the growth of the first world into their own city planning projects. That being said, I am not sure whether this is going to work in Sri Lanka, considering the massive debts to China they have built up. China is most likely going to enforce some hefty trade restrictions.
No anymore thanks to the ccp virus!! I love the chinisse people I went to China a lon time ago! I liked it.but I’m jot going back!! Thanks to winne the pooh!! I hate the ccp!!!
Already they're developing the public transport of Colombo. LRT/Monorail, canal transport etc. And there are also plans to stop importing cheap indian vehicles. The government will focus on modernising Bus transport too.
Yup whenever you get a chance to develop a massive bit of land like this from scratch you use that chance to easily make it around a public transport service that'll hold up forever. It's a nice smallish area that could even be served by a single looped light rail route that partially loops into the mainland where passengers board from. Trying to build that later on will be a nightmare, several times more expensive, or even impossible. Can't really see anything from the photos that shows it has rail within it. Plenty of paths though. Ideally you'd just lump like 100 free shuttles on there too, make it so that you never need a car anywhere within the 2sq km. Just hop on a free bus to where ever. It's a many hundred billion dollar project, they can afford to waive the $0.5 bus fares.
That would involve using your brain. A lot of these developing countries want the luxury before actually sorting out the practicalities. Using Chinese investment too, says it all really, I guarantee this will end badly- not for China though!
Of course they learned, that's why they do it again. It's the politicians who do it, and get millions of dollars from China on their personal bank account.
nah the project is still going without any problem port city Chinese project not srilankan project stop being jealous .Indians have very low level personality
these guys are very beautiful people by heart. I hope they develop even more in the future. China isn't a good nation to have a friendship with but if our friendly neighbour gaining something from them then i'm more than happy. We always be with you guys😊😊😊❤️😊
Are u guys from North are mad, friendly people😂, did u mingle with them , they are against Hinduism & Hindu culture. Their enemy is not tamilians Tamils religion Hindu. That's why so much oppression against Tamils . But still Tamils never left Hinduism & converted to Buddhism . That is Tamilians.
"7 minutes of how Sri Lanka was "promised" economic growth by China by building a bunch of office towers while China exercises debt-book dipolmacy over Sri Lanka."
Adenoid Clinkal The way I see it is that it is their mistake to make. America is free to hate China but please do not force your hatred for China on others. Especially when they have very good economical relationship with this country and when the projects they build together lift millions from poverty and change their lives. USA has not been that ambitious in its relationship with the rest of the world so now many countries turns to China
@@theynish fortunately the Indonesian government can learn from other countries in building a fast train Jakarta - Bandung, with the system Business to Business not Government to Government, so it will not burden the state budget
why dnt you buy a piece of land from there that city and you go without passport... ? if you cant afford it then let it financially helps the SL stands up without making nonsense statement.
The best way to have a reclamation project is to have a tie up with private companies. Let them shoulder the cost and give them a percentage of the land with the remaining land owned by the government. That is how the Philippines is doing it. Metro Manila has been reclaiming lands for more than 20 years now. The huge Mall of Asia sits on reclaimed land. More reclamation projects are coming and the Philippine government is not paying for them.
@@wavemaker2077 we can't blame them because the government is the one who decided what is the future of Sri Lanka unless if they're protest maybe the situation will change.
Funded by Chinese money and Sri Lanka will never be able to repay the loans. Therefore China will eventually take possession of this "island". They're doing the same all over Africa- soft-conquering other nations.
It's a big mistake being done by SL. China is not the US who will go easy on a bad investment, they themselves have examples of it i.e. Hammantota port disaster. Moreover comparing with Dubai and Singapore is another mistake. Both these nations had a lot of surrounding nations, SL is all alone against India, which itself is developed in areas where SL would like a piece of a pie besides India itself is booming. Why will someone invest in SL and not in India ? Either SL will have to be super cheap to overcome tax barriers and be competitive to provide services in India over an expensive Chinese capital. SL made bad decisions by putting all its egg's in one basket. I see SL to be a poster boy in colonisation 2.0 ... Remember one need to understand what China gains out of all these .... dominance and rivalries with India and the US. There fundamentals are different, for them power comes from the gun. SL tends to lose on tourism which is definitely good in this beautiful island nation, so incomes will reduce. SL will have be pay for the costly financial capital it borrows from Chine, unless it gives away pound of flesh. This is a bad decision on internal policies and geopolitics as well. An ex- colony would have not lost its past memories. You would have taught colonial era to your people. They will not like some one owning a piece of your land. With change in times people might as well but it's a gamble. Bad on geopolitics ... SL was providing bases or radio stations to US when India was with USSR. There are scars of that. Doing a similar mistake will take you where time will tell. There are conflicting forces and one need to balance it out. Anyways Good Luck SL.
I'm very against land reclamation. It's acceptable for tiny countries like Monaco or Singapore. But Sri Lanka still has large underdeveloped parts of the island. Why not redirect investments and growth to those parts instead of focusing every development in the capital?
@Wawak Sontoloyo I said "under"develped. Not undeveloped. Fix the existing cities and slums. Invest in the villages to build better infrastructure, etc.
@Wawak Sontoloyo Yes i can see that. But it seems like you didn't get my point. I'm not against the projrct. I'm against land reclamation. Bulldoze the existing old and ugly buildings in Colombo and build new stuff over it. It's gonna be hard but it's doable. Rand reclamation pollutes the seas and destroys marine life.
Amazing the technical requirements and coordination to do such a thing. Imagine what it was like so many centuries ago for the Dutch to reclaim land from the sea.
If this amount invest on health, education and infrastructure in remote areas that will be more profitable for citizens and govt . I don't know who is fooling who.
@@宇宙终结者 Chinese infrastructure supporting the giant Chinese construction industry and Chinese jobs while putting Sri Lanka under debt....and if they can't pay off that debt, the artificial island belongs to Chinese Communist Party to do as they please....the entire deal is a win, win, win for China..
Most of South Asian countries love China to contest India and in the game they lose sovereignity if their own land ... We Indians love Srilankans & Nepalese no matter they hate us but dealing with China is a risky game.
actually most of comment are wrong...port city bill specific says the land is own by sri lankan government. 53% own by sri lankan government and 47% owned by chinese company for 99 year lease But for investments only and as video says CHEC and Sri lankan government will make joined advertising campaign..and already LOLC and Browns group have invested in port city ($1 billion investment).also hambantota was unfortunately miss managed by the government. But with the port city we can hope same mistakes will not be occur. the land was built for service sector investments.
@@TPLStaden Yup. Probably. The point is that its done to avoid chaotic bureaucracy of Sri Lanka. In my opinion, its the same bureaucracy that kept the Hambantota port loss making for almost a decade. Otherwise, it would have started to show profits in a few years from opening.
@@嘤嘤嘤-k1l For your information, US bombs enemies not friends US allies like West Europe, Saudi Arabia, S Korea, Japan, etc all benefitted allying with US. On the other hand, China made its allies near to bankruptcy and sell their own land.
@@RealManasBose And Trump now demanding several hundred million dollar's protection fee from all it's allies,what's that about?US now have a bad reputation among it's allies.
@@嘤嘤嘤-k1l Trump demanding them to spent 2% of GDP on their own Defense lmao China demands an entire port from its allies (for that China doesn't even have strong allies)
@@koantao8321 shouldn't be too long till China slips up and crashes hard. History has proven time and time again a government ran like theirs won't last.
To the people who are talking nonsense about this project; First, this is not a Chinese loan, Sri Lanka will not payback any single dollar spent by the CHEC because this is an FDI project (US $ 1.4 billion). CHEC will lease the part of the land to other investors to earn profit from the project. Sri Lanka made a rule for construction workers as 60% of local workers and 40% foreign workers (or 70% /30% don't remember the details). The whole reclamation area is own by the SL government and from that, nearly 60% of the land was leased to CHEC and the remaining 40% is fully own by the SL government. CHEC is going to invest another US $ 1billion for five high rise buildings as a part of the International financial center including office complexes, residential complexes, and hotels. The agreement was signed a few months back and construction work will be started later this year. Another US $ 4.5 billion worth of investments is already secured for the marina and hotels. The investors from Singapore, South Korea, India, Belgium, and China already showed their interest to invest in this project. For the rising of the sea level, most part of the reclamation land is 2.5 -3 m above from mean sea level, significantly higher than most of the major cities in the world.
CU AJUTORUL KINEI JAPONIEI INDIEI AMERICIII SI ZLTOR TARI VOI FACE O INVESTITIE FOARTE MARE CARE VA TRECE PRIN TOATE TARILE LUMIII TRENUL NUCLEAR DE 1000KILOMETRI LA ORA THANK YOU
Always impressive with the rolling montage of high-quality footage, even for lesser-known projects like this one. Keep it coming Fred and the B1M team!
Because it's China's great plan. Build big fancy ports around the Indian Ocean, make sure the local governments can never repay the loan, and then take the new port as compensation. At the same time, the governments obviously won't invest in their old existing ports, and so in 10-20 years China controls all ports on the Indian Ocean where the majority of global trade flows.
@DiceKid2008...Countries that are unable to repay the loans from China will inevitably become puppets in the hands of Beijing. These countries may be forced to handover territory to China which will in turn become Chinese military bases in future. Just read about European countries that have taken massive reconstruction loans from USA soon after second world war and about the list of US military bases in Europe. China could be following the 'American Way'.
@Star Emperor of Orion Yes, China will soon own Sri Lanka after they fail to pay back these massive loans. China is playing the long game and soft-conquering nations all over the world.
Singapore is a developed country but look at the people of that country they are not happy because of stress..... Srilanka tooo will be a develop nation but.....🙏
With Nigeria, Dubai and Sri Lanka reclaiming land from the ocean, I feel sorry for the poor bastards living on remote Islands that are only 1m above sea level.
The country which forex is below 4B , who takes loans to pay LOANS , a importing country not exporting , mainly depends on tourism , not a big Mining nation , not a tech or electronic exporter how can they do it or if they then they hove to pay a huge price . Be practical Sri Lanka and best of luck 👍 .
I'm from Sri Lanka and a fan of your channel. It's an excellent video, but I have to make few small corrections. 1) The port city's land area is under 3 square km, and it's only a tiny fraction of the city of Colombo. So it won't double the city area. 2) Previous projects such as Hambantota port and airport didn't gain much revenue due to their location and also, internal politics played a part. However, port city is located right next to Colombo's financial center, therefore, it has already received so much demand from both local and international investors.
Unfortunately 1 year later all this turned out be useless. Country is facing the worst economic downturn!! Debt is piling up & china is laughing with Sri Lankan politicians while local people are struggling.
@@A_cat_aspirant port city didn’t break Sri Lanka, it was the tax cuts and debt instability, also as of now, the inflation is backtracking and the GDP is stabilizing. You’re uneducated and shallow minded, stop being a clown 🤡
@@ritwikreddy5670 If they can't pay, there will be a debt-equity swap which is very very common in finance. China will gain the incomes of the property to use the money generated by it to make up the debt. Still, new infrastructures were built, people in Sri Lanka can use them and make them into future growth.
@@easonhuang7117 debt-equity swap generally only lasts upto ten or fifteen years. As we saw with the last port project with 90 years lease, this is not a sensible debt equity swap.
I've got a good idea. You know how sea levels are rising each year and storm surges are becoming ever more dangerous to coastal areas right. So lets reclaim some land directly in that sea so maximum damage is done in the future. Let's also let China fund everything so when it all goes belly up we can repay by giving the whole area to China for 100 years so they can convert it into a military base to control the tiny choke point between India and Sri Lanka where so much trade passes. Genius.
@Psycho it's funded by ccp. It's also obvious that it will be used as a leverage to increase their military presence in Sri Lanka. It is also obvious Sri Lankans know about it too but corrupt politicians sanction it anyway for their bribes and benefits.
Even if this project survives 99 years, Is China then going to say "Thank you Sri Lanka. You can now have your land back." I don't think so, but meanwhile some Sri Lankan politicians will be making great money while impoverishing their citizens.
Great video.... As a Sri Lanka I enjoyed it..... However you failed to mention about high corruption in Sri Lanka .... And its effects on this project......
actually most of comment are wrong...port city bill specific says the land is own by sri lankan government. 53% own by sri lankan government and 47% owned by chinese company for 99 year lease But for investments only and as video says CHEC and Sri lankan government will make joined advertising campaign..and already LOLC and Browns group have invested in port city ($1 billion investment).also hambantota was unfortunately miss managed by the government. But with the port city we can hope same mistakes will not be occur. the land was built for service sector investments.
1 disadvantage of building the port city is the rest of Sri Lanka's west coast gets eroded. living close to the beach I can see how fast the beach has eroded over the years. fortunately due to the 100-metre rule no buildings have been affected
On one side I love to see our country is developing and other side I fear that foreign influence could corrupt us and put us in a massive debt. We should have build these things without foreign loans and influence. Sri Lankan's know this city is not for us..
hey dude U need private companies to do things not countries. That's why India's out private companies in charge it the city development project of Sri Lanka. Tata has already completed a lot of work and it's on low interest loans so it's lower debt. U guys should've done a deal with Huawei instead of China they are pretty much both the same but Probate companies are more reliable and don't influence much.
The B1M is the best of you tube
Bibek Das Why is there no replies
Why is there no replies
@@chonch7441 Probably got deleted by B1M.
Kaj R you know know one will read all of that
@Kaj R Simply i can say...u are a big opponent of my mother Sri Lanka...😂😂
I'm looking at u with the eyes of patiency...as Lord Buddha said....
I'm starting to get highly sceptical of these massive city-sized prestige projects on developing nations. It just feels like a massive vessel for fraud.
They are prone to huge amount of corruption among officials and many others
China offers them crazy goos offers for debts so they can put their power there
It's a debt trap. Sri Lanka has already lost Hambantota Port after defaulting on a loan , next will be part of their Capital City, giving China a strategic foothold, for all the reasons given here.
because it is lol
Thats what China does. To their own country and to poorer countries that they can take advantage of. They get them into debt with these huge infrastructure projects and then the poor countries eventually have to economically depend on China and have to listen to whatever they say in fear of backlash and less investment.
99 year lease? Isn't that Great Britain's trick?
its is
i fear for my contry
@@russellwestbrook9542which country ?
@@Divyy18 Sir lanka
Yes. Yes it is. But it all works out in the end I wouldn’t be too worried.
They've learned from the best
China: hippity hoppity, your reclaimed land is my property.
Hey they could have done what the west does and simply invade. This is more civilized.
@@VarietyGamerChannel Nope. You raise your voice against it. People of your nation can unite against it. But slow colonization with corruption is harder to deal with.
And 2 wrongs doesn't makes it right. Wumao.
@@sublimefermion2205 So-called democracy didn't stop the Iraq/Syria wars from happening, did it?
@@VarietyGamerChannel China Invades all the time, buffoon
@@thomhenkel3092 thanks!
1:14 RIP to those who once had an ocean view.
My dad works there lol
Why? Did they die?
@@djxjxixsmjxjskjzxn1853 exactly
Not much recidencies on that area, its a commercial area.
@@rucheeification4945 Still, I assume some hotels or such things benefited from the shoreline.. I assume they also all got a compensation ?
2020: Sri Lanka
2050: Sri China
🤣🤣🤣🤣
China is gonna turn them into a exclave of China soon enough.
China Version of Hawaii. Copying USA is the what we do best. Thank you Thank you
Very true..
2100: Waterworld
China always has a plan. They are slow and steady, kind of like a python. Once they grab you, it is big trouble.
25 years to complete,I don't even want to think about my age at that time.
I be 46
Any project this big is bound to have delays too, so it could be more like 30 or 35. So yeah, if n + 35 ≤ (Paul D's life expectancy), then you may get to see the completed city someday.
@@914050 Thanks for the optimistic words.
I'll be (hopefully still alive) 87 by then!
And it will be flooded before they can finish it.
How can anyone still be giving 99 year leases to other nations? That's just nuts
For greedy politicians of Sri Lanka it's good.
that's how british empire took hong kong from china. china is now doing it to poor nations.
@@gabbar51ngh Funny. I don't see the PLA in Sri Lanka, nor do I see China importing drugs to the nation.
5aral Hong Kong Island was uninhabited when the Brits set up shop there
@@endeliggnist5066 fentanyl
Port City Colombo will be magnificent infrastructure, but ended as Chinese debt trap and it become "another Chinese colony", full of Chinese people and chinese rich businessman while local Sri Lankan people only works as cheap maid or janitor.
You are absolutely correct
@@murphylorraine6724
Has China made the African people much more wealthier after being there for so long so far?
@@murphylorraine6724 has China made any of the Caribbean Islands richer by helping them. Or is it helping itself to their natural resources?
Joe Beacon They do this to make China much richer and leave debt to the country
No local Sri Lankan’s no even work as labors because China already bring their own peoples for work
ME: Oh that's great Sri Lan...
NARRATOR: China
ME: poor Sri Lanka
hahahahah
🤣🤣🤣
You spoke my mind
Yes. It would be great if they funded their own projects. But you can't rely on Chinese
Could have been worse... He could have said America
Sri Lanka: 'We don't want our smart people to leave'
Smart people: 'my country just sold its capital city to china, i should leave now to protect my families freedom and rights'
සුදු පුංචා What is wrong with you how about you go live in China because it’s so perfect see what happens see if you like it
the truth is so different.
@@ushanslife4580 Read history and think again. CCP is evil.
@@bestquotes2765 stupid spotted.
@@ushanslife4580 Did you know in China you couldn't use RUclips as you're doing now, right?. Unless you're using VPN, you can't use Facebook, WhatsApp, Twitter or even Google. Get fun with the Chinese censorship.
In New York and Tokyo they also built new islands, but instead of using rare sand they used their landfill trash to fill it.
sounds smart.
5aral Plastics (the most durable material in trash) usually degrades within 500 years. Sand lasts for ever. Not sure it was so “smart”
You forgot San Francisco, they were probably the first city to do do
@@MichaelOrtega There are microplatics even in the ocean because of the amount of garbage we dump.
they will be fine. plus 5 centuries is a lot.
Much of Chicago's lakefront land is rubble from the 1871 fire.
Funny how this video is now getting recommend again, when Sri Lanka is facing the biggest & worst economic meltdown in its modern history.
I’m not going to lie, I love glass skyscrapers, but this city could have been built anywhere... No local architecture at all.
Just 3rd. world trying to imitate the west....
When I picture Sri Lankans, they ain't affording these
@@keithmccracken5557 They don't need to do that as long as some Chinese companies move to the China built new city, that's quite enough.
@@keithmccracken5557 no imitation. It's more like China giving them debt trap..
@@keithmccracken5557 You cant blame them for copying the west. As a nation that is trying to grow, its only logical to apply aspects of urban planning that have contributed to the growth of the first world into their own city planning projects. That being said, I am not sure whether this is going to work in Sri Lanka, considering the massive debts to China they have built up. China is most likely going to enforce some hefty trade restrictions.
B1M "World's emptiest airport"
Berlin: Am I a joke to you?
Damn. I'm too late to say that.
We have maaaany construction workers walk around there... 😂
Zimbabwe: Bitch please
literally thinking about that when i heard it.
Difference is Berlin airport is not open for operation but Sri Lankan Airport is.
Damn how quickly things have changed 😳
It broke Sri Lanka. B1M predicted it first.
Congrats to China, they'll soon have their own luxurious mini-city in Sri Lanka
😐
This kind of reminds me of another city in Asia (formerly) owned by a foreign government.
No anymore thanks to the ccp virus!! I love the chinisse people I went to China a lon time ago! I liked it.but I’m jot going back!! Thanks to winne the pooh!! I hate the ccp!!!
Excellent project......thanks china helping to Sri lanka
@so so Are they doing this for free? What happens when these poor countries can't pay back the loan? Ik, they colonize that place.
Colombo needs to have a PUBLIC TRANSPORT first.
china will be more than willing to finance that ;)
It's a 25 year project, I'm sure they can strengthen their bus service while considering light rail feasibility
Already they're developing the public transport of Colombo. LRT/Monorail, canal transport etc. And there are also plans to stop importing cheap indian vehicles. The government will focus on modernising Bus transport too.
Yup whenever you get a chance to develop a massive bit of land like this from scratch you use that chance to easily make it around a public transport service that'll hold up forever. It's a nice smallish area that could even be served by a single looped light rail route that partially loops into the mainland where passengers board from. Trying to build that later on will be a nightmare, several times more expensive, or even impossible. Can't really see anything from the photos that shows it has rail within it. Plenty of paths though. Ideally you'd just lump like 100 free shuttles on there too, make it so that you never need a car anywhere within the 2sq km. Just hop on a free bus to where ever. It's a many hundred billion dollar project, they can afford to waive the $0.5 bus fares.
That would involve using your brain. A lot of these developing countries want the luxury before actually sorting out the practicalities. Using Chinese investment too, says it all really, I guarantee this will end badly- not for China though!
Now the Chinese will acquire there whole Capital, Sri Lanka never learned from their mistake, they lost Hambantota Port, now they will lose Colombo
The Sri Lankan will lose all the country in the hand of Chinese. Poor people going to suffer.
@@rohinascooking shit man
Of course they learned, that's why they do it again. It's the politicians who do it, and get millions of dollars from China on their personal bank account.
@@vomm indians come looking for our things 😂
people just jealous sri lanka would be next singapore ;)
Update:
It broke Sri Lanka.
Lol
Bruh, rip
nah the project is still going without any problem port city Chinese project not srilankan project stop being jealous .Indians have very low level personality
Ha ha RIP Srilanka...
no it didnt, Port City is built by China and not by the government. The Port City construction is still going on as it was like before.
Sri Lanka people are very kind and it is already so beautiful country, love from Gujrat.
Thanks
Thanks!
these guys are very beautiful people by heart. I hope they develop even more in the future. China isn't a good nation to have a friendship with but if our friendly neighbour gaining something from them then i'm more than happy. We always be with you guys😊😊😊❤️😊
Gujarat
Are u guys from North are mad, friendly people😂, did u mingle with them , they are against Hinduism & Hindu culture. Their enemy is not tamilians Tamils religion Hindu. That's why so much oppression against Tamils . But still Tamils never left Hinduism & converted to Buddhism . That is Tamilians.
"7 minutes of how Sri Lanka was "promised" economic growth by China by building a bunch of office towers while China exercises debt-book dipolmacy over Sri Lanka."
And Geuss who's funding?
Belt and road China!
Big mistake Sri lanka
Debt trap
@ no. Its true, this is just debt trap from china
@@staytune96 Malaysia ECRL rail just escaped from the debt trap by lowering the cost
Adenoid Clinkal The way I see it is that it is their mistake to make. America is free to hate China but please do not force your hatred for China on others. Especially when they have very good economical relationship with this country and when the projects they build together lift millions from poverty and change their lives. USA has not been that ambitious in its relationship with the rest of the world so now many countries turns to China
@@theynish fortunately the Indonesian government can learn from other countries in building a fast train Jakarta - Bandung, with the system Business to Business not Government to Government, so it will not burden the state budget
Rajapaksa has secretly changed his name to Wang Xiu Ling and colored his house red.
Even Sri Lankans didn't know that!!
😂😂
He’s doing development with his Chinese wife.
The irony of a Chinese 99 year lease is not lost on me, or on Hong Kong!
After this island open for use,
They'll ask for the passport even from native Sri Lankans.
why dnt you buy a piece of land from there that city and you go without passport... ? if you cant afford it then let it financially helps the SL stands up without making nonsense statement.
@@acheepirate So you are basically verifying his claim that Sri Lankans wont be able to afford place in Sri Lanka, good job bud
Just like the port city in Lagos, Nigeria.
Good luck with the costs !
The best way to have a reclamation project is to have a tie up with private companies. Let them shoulder the cost and give them a percentage of the land with the remaining land owned by the government. That is how the Philippines is doing it. Metro Manila has been reclaiming lands for more than 20 years now. The huge Mall of Asia sits on reclaimed land. More reclamation projects are coming and the Philippine government is not paying for them.
@@wavemaker2077 we can't blame them because the government is the one who decided what is the future of Sri Lanka unless if they're protest maybe the situation will change.
Funded by Chinese money and Sri Lanka will never be able to repay the loans. Therefore China will eventually take possession of this "island". They're doing the same all over Africa- soft-conquering other nations.
Good luck with the sinking.
It's a big mistake being done by SL. China is not the US who will go easy on a bad investment, they themselves have examples of it i.e. Hammantota port disaster.
Moreover comparing with Dubai and Singapore is another mistake. Both these nations had a lot of surrounding nations, SL is all alone against India, which itself is developed in areas where SL would like a piece of a pie besides India itself is booming. Why will someone invest in SL and not in India ? Either SL will have to be super cheap to overcome tax barriers and be competitive to provide services in India over an expensive Chinese capital.
SL made bad decisions by putting all its egg's in one basket. I see SL to be a poster boy in colonisation 2.0 ...
Remember one need to understand what China gains out of all these .... dominance and rivalries with India and the US. There fundamentals are different, for them power comes from the gun.
SL tends to lose on tourism which is definitely good in this beautiful island nation, so incomes will reduce. SL will have be pay for the costly financial capital it borrows from Chine, unless it gives away pound of flesh.
This is a bad decision on internal policies and geopolitics as well. An ex- colony would have not lost its past memories. You would have taught colonial era to your people. They will not like some one owning a piece of your land. With change in times people might as well but it's a gamble.
Bad on geopolitics ... SL was providing bases or radio stations to US when India was with USSR. There are scars of that. Doing a similar mistake will take you where time will tell. There are conflicting forces and one need to balance it out.
Anyways Good Luck SL.
I'm very against land reclamation. It's acceptable for tiny countries like Monaco or Singapore. But Sri Lanka still has large underdeveloped parts of the island. Why not redirect investments and growth to those parts instead of focusing every development in the capital?
fully agree.. it's not like sri lanka is an island with miles upon miles of shoreline real estate.
Those are covered with Nature Heritages Like Rain forests.
Lol
@Wawak Sontoloyo I said "under"develped. Not undeveloped. Fix the existing cities and slums. Invest in the villages to build better infrastructure, etc.
@Wawak Sontoloyo Yes i can see that. But it seems like you didn't get my point. I'm not against the projrct. I'm against land reclamation. Bulldoze the existing old and ugly buildings in Colombo and build new stuff over it. It's gonna be hard but it's doable. Rand reclamation pollutes the seas and destroys marine life.
Well done Sri Lanka from Nigeria. We have Eko Atlantic and you have Columbo Port City. I want both to succeed..
Thanks and wishing for your success
@N.imantha de silva I heard, very sad 😔 , the storm will pass
Rising sea levels: I'm coming
Sri Lanka: Let me reclaim some land from the sea
Tsunami....HELLO
Amazing the technical requirements and coordination to do such a thing. Imagine what it was like so many centuries ago for the Dutch to reclaim land from the sea.
If this amount invest on health, education and infrastructure in remote areas that will be more profitable for citizens and govt .
I don't know who is fooling who.
port is the infrastructure
@@宇宙终结者 Chinese infrastructure supporting the giant Chinese construction industry and Chinese jobs while putting Sri Lanka under debt....and if they can't pay off that debt, the artificial island belongs to Chinese Communist Party to do as they please....the entire deal is a win, win, win for China..
Health,education is FREE here so ppl don't care
We already have free universal health care and education. This is a commercial infrastructure project which will generate income.
@@ameyas7726 I'm Sri Lankan and this is a win win for both SL and China. Debt is not a bad thing when it comes to investments..Nothing is free !
Wow I'm from India love Sri Lanka
I m also from india
@@RealCherry8085 love to china as sri lanka is china's now
@@RealCherry8085 love both of you madam,from sri lanka...👩🌾🙎♂️🤳
"The $15BN Island That Will Make or Break Sri Lanka"....
I'm guessing it's going to break it.
lol
True
sike
lol its't a loan...they gonna get 30 acres for 99 years for building this...
Most likely it will.
This will make them broke. Belt and road will get them to breakneck bankruptcy.
Most of South Asian countries love China to contest India and in the game they lose sovereignity if their own land ... We Indians love Srilankans & Nepalese no matter they hate us but dealing with China is a risky game.
Hi Sri Lanka! The Gem of Indian Ocean... Im Adolph from Philippines
Thanks my friend ❤
Well hello there pal.
@@chamikanadeeshan7251 hi
Hi bro...
Turns out it's breaks Sri lanka
lol I kept hearing "poor city Colombo" and just figured out he was saying "port city Colombo". wondered why it was so derogatory at first
"Poor" could easily turn out to be accurate, unfortunately - per so many of the comments here.
@David Kone Rest In Peace and let us be whatever we want to be...
Amen
It could become Poor-Port-City Colombo.
@@gs032009 poort city
actually most of comment are wrong...port city bill specific says the land is own by sri lankan government. 53% own by sri lankan government and 47% owned by chinese company for 99 year lease But for investments only and as video says CHEC and Sri lankan government will make joined advertising campaign..and already LOLC and Browns group have invested in port city ($1 billion investment).also hambantota was unfortunately miss managed by the government. But with the port city we can hope same mistakes will not be occur. the land was built for service sector investments.
1:49 "the new district will have its own economic and commercial laws"
This is actually the most important point of that project. 😋
Chinese laws
Maybe Chinese laws, but dont forget, bureaucracy of Sri Lanka is a total nightmare.
Not Chinese laws, it'll be something similar to DIFC laws
@@TPLStaden Yup. Probably. The point is that its done to avoid chaotic bureaucracy of Sri Lanka.
In my opinion, its the same bureaucracy that kept the Hambantota port loss making for almost a decade. Otherwise, it would have started to show profits in a few years from opening.
If you want to develop you need own economic laws
Did not expect a vid on Sri Lanka. Nice!
because is a video about the power of china...
You're welcome!! 😉 Thanks so much for being a member! 👍
@@TheB1M I was going to write a long comment, but I guess I can save that for Monday 😄
To say this is ambitious is a understatement.
*Sri Lanka builds island city with Chinese loans*
*China :* Its free real estate, weeeeeeeee
@Kleco102 "funded by China" sounds pretty much like a loan though
Better than US bombs
@@嘤嘤嘤-k1l For your information, US bombs enemies not friends
US allies like West Europe, Saudi Arabia, S Korea, Japan, etc all benefitted allying with US.
On the other hand, China made its allies near to bankruptcy and sell their own land.
@@RealManasBose And Trump now demanding several hundred million dollar's protection fee from all it's allies,what's that about?US now have a bad reputation among it's allies.
@@嘤嘤嘤-k1l Trump demanding them to spent 2% of GDP on their own Defense lmao
China demands an entire port from its allies (for that China doesn't even have strong allies)
Remember saw the replica of this project at Colombo airport a few years back. Thanks for the update on the development.
I would be pissed if I used to have beachfront property that is now a kilometer inland 🤬
This aged very well.
Made by China...
Your IPhone is made in China and so will be your next car...
@@koantao8321 not cars at least not yet.
@@Snp2024 You ain't seen nothin' yet. :)
They practically own half of Australia. Melbourne developments and hotels in particular.
@@koantao8321 shouldn't be too long till China slips up and crashes hard.
History has proven time and time again a government ran like theirs won't last.
To the people who are talking nonsense about this project;
First, this is not a Chinese loan, Sri Lanka will not payback any single dollar spent by the CHEC because this is an FDI project (US $ 1.4 billion). CHEC will lease the part of the land to other investors to earn profit from the project. Sri Lanka made a rule for construction workers as 60% of local workers and 40% foreign workers (or 70% /30% don't remember the details). The whole reclamation area is own by the SL government and from that, nearly 60% of the land was leased to CHEC and the remaining 40% is fully own by the SL government.
CHEC is going to invest another US $ 1billion for five high rise buildings as a part of the International financial center including office complexes, residential complexes, and hotels. The agreement was signed a few months back and construction work will be started later this year. Another US $ 4.5 billion worth of investments is already secured for the marina and hotels. The investors from Singapore, South Korea, India, Belgium, and China already showed their interest to invest in this project.
For the rising of the sea level, most part of the reclamation land is 2.5 -3 m above from mean sea level, significantly higher than most of the major cities in the world.
OKH THANK YOU LOVE REGINA MARIA LOVE FAMILIE DIN SIRI LANKA LOVE TARA SIRI LANKA
CU AJUTORUL KINEI JAPONIEI INDIEI AMERICIII SI ZLTOR TARI VOI FACE O INVESTITIE FOARTE MARE CARE VA TRECE PRIN TOATE TARILE LUMIII TRENUL NUCLEAR DE 1000KILOMETRI LA ORA THANK YOU
And in 30 years rising sea level consumes this new part of Colombo. Great plans.
Always impressive with the rolling montage of high-quality footage, even for lesser-known projects like this one. Keep it coming Fred and the B1M team!
The moment I saw the involvement of China, the other two projects flashed before my eyes, and I was wondering why again why... the same route....??
Because it's China's great plan. Build big fancy ports around the Indian Ocean, make sure the local governments can never repay the loan, and then take the new port as compensation. At the same time, the governments obviously won't invest in their old existing ports, and so in 10-20 years China controls all ports on the Indian Ocean where the majority of global trade flows.
China bribes politicians to sanction the projects.
@Dinesh Gaikwad whats your problem exactly ?
@@Q_QQ_Q what's ur problem dude? He is just raising a valid question like everyone else. 🤔
@Preeti Kumari you & him are uninvited . Stop poking your nose in others matters . Its between Sri Lanka & China . who are you ?
I love Srilanka and Sri lankan. Wish all of you the best for the success of this project.
Srilanka: makes it
Later
China: claims it
China makes it and china claims it. Only sri lankan politicients got the conmission.
India:- India controlled the covid19
Sri Lanka :-Lol 🤣😏
@@dinartlk780
COVID-19 Tests/1M Population (as per 7th Oct, 2020) :-
India :- 59,462
Sri Lanka :- 14,152
@@soumyadas8111 lol.. Fake story bro..
@@dinartlk780 what fake story? Check international websites like www.worldometers.info/coronavirus/
As an Indian, I'm more worried about the part where China gives massive loans and then takes control over geographic regions.
@DiceKid2008 so was soviets stationing missiles in Cuba none of business for USA?
Better take care of Chinese taking over Ladakh, they killed your colonel today
@@arminius6506 you continue wearing Chinese diaper masks in pakistan, saala suar
@DiceKid2008...Countries that are unable to repay the loans from China will inevitably become puppets in the hands of Beijing. These countries may be forced to handover territory to China which will in turn become Chinese military bases in future. Just read about European countries that have taken massive reconstruction loans from USA soon after second world war and about the list of US military bases in Europe. China could be following the 'American Way'.
Indian jealous, carefully. Go to the future, to modern country.
Finally it has broke srilanka
Looks like someone made this in Sim City.
Nice district in the making. Hope Sri Lanka & Sri lankans gets benefitted from it & not the corona producers.
All the best from Mumbai, India.
lol now its 2021, THIS PROJECT IS LOSS>
@@bikrantjeetsarmah5321 now 2023 ,and port city sri lanka is gaining so much investments within few months,
So, essentially, another part of the Belt and Road Initiative.
Nope, this is part of BRI's sister initiative, Maritime Silk Road. Video was a bit misleading.
Sri Lanka, soon to be China.
Sri Chilanka 😂😂😂
If you have driven the Audi e-tron is it a good car in your opinion?
@@guynxtdork wtf has it to do with this video and this comment?
@@seino__ Chill buddy
Audi e-tron they already are in debt its better to have something tangible than just funding luxry lifestyles of politicians
turns out it DID break Sri Lanka :(
2022 : It broke Sri Lanka :
Best of luck shri lanka
Love
Form India......
@Star Emperor of Orion Yes, China will soon own Sri Lanka after they fail to pay back these massive loans. China is playing the long game and soft-conquering nations all over the world.
@Star Emperor of Orion all the best hope i will visit srilanka 😍🙏
Singapore is a developed country but look at the people of that country they are not happy because of stress.....
Srilanka tooo will be a develop nation but.....🙏
5,000,000 square metres sure does sound a lot more than 5 square kilometres lmao
Narrator : ' Poor City Colombo'
Me: why bruh why?
Narrator: bcz I know China 😂
Thats port city Colombo not poor city Colombo. Lmao
Of course many times better than India
narrator: poor India
me: why brush why?
narrator: because I know Indian politics 😉😉
yh but the thing is you don't know about the srilanka.
It's port city not poor. You misunderstood.
This aged well
With Nigeria, Dubai and Sri Lanka reclaiming land from the ocean, I feel sorry for the poor bastards living on remote Islands that are only 1m above sea level.
new city will have its own laws
China : Yessss...!!!
The B1M is the my favourite you tube channel
Thank you so much!! ✊
@@TheB1M I'm a very rich lady and love your videos. Thank you
Pov: 2022 Sri Lanka is broke! 😅
The country which forex is below 4B , who takes loans to pay LOANS , a importing country not exporting , mainly depends on tourism , not a big Mining nation , not a tech or electronic exporter how can they do it or if they then they hove to pay a huge price . Be practical Sri Lanka and best of luck 👍 .
they want to be a tax haven
True bro but our politicians have a screw loose in their brains.
That's why we are always as a developing country but never get developed 😔😔😔
@@gunasenagunasena5942 i cant lie i think its broken sri lanka
Well look how they are now
Beware Sri Lanka of debt trap...
Sri Lanka is going to be a wholly-owned subsidiary of CCP.
It is already in that trap .
Dont worry, the sri lankan governments incompetent. Their gonna get in 50x more debt than china will imagine
Dennis White agreed.
@@TriNguyen-ug1qv The way you Viets look at China and the way we in South Asia look at China are different. Take a world map and understand.
Wow excited to see this growth in Sri Lanka love from India
Us sri lankans don't like India
@@Adamhuge7 then tell ur govt to stop begging from india to pay off ur loans to china. Lol.
@@Adamhuge7 then why your PM coming to India by asking help??
@@santhoshanvelmurugan3324 No he doesn't
Looks like it broke Sri Lanka
I'm from Sri Lanka and a fan of your channel. It's an excellent video, but I have to make few small corrections.
1) The port city's land area is under 3 square km, and it's only a tiny fraction of the city of Colombo. So it won't double the city area.
2) Previous projects such as Hambantota port and airport didn't gain much revenue due to their location and also, internal politics played a part. However, port city is located right next to Colombo's financial center, therefore, it has already received so much demand from both local and international investors.
Sounds good 👍. Never mind the sinophobic trols.
Make that Only CCP investors
Unfortunately 1 year later all this turned out be useless. Country is facing the worst economic downturn!! Debt is piling up & china is laughing with Sri Lankan politicians while local people are struggling.
And now we can see that it broked sri lanka 🙁🥺
this def. placed s.l. in a bind financially .....
It didn’t, this funded by China. Constructions never stopped, stop spreading misconceptions
@@visiblebutlost4089 may be construction never stopped but u can see how broke sri lanka got stop fooling yourself
@@A_cat_aspirant port city didn’t break Sri Lanka, it was the tax cuts and debt instability, also as of now, the inflation is backtracking and the GDP is stabilizing. You’re uneducated and shallow minded, stop being a clown 🤡
now port city colombo gaining investments again,last two months it got 2 billion
So how much is China fronting for this project and how long till they take it over because Sri Lanka can't pay off the debt anymore?
Just wait for it
@@ritwikreddy5670 don't worry we r going to pay for it
@@sushilchauhan2586 may I ask what would be different from the port story
@@ritwikreddy5670 If they can't pay, there will be a debt-equity swap which is very very common in finance. China will gain the incomes of the property to use the money generated by it to make up the debt. Still, new infrastructures were built, people in Sri Lanka can use them and make them into future growth.
@@easonhuang7117 debt-equity swap generally only lasts upto ten or fifteen years. As we saw with the last port project with 90 years lease, this is not a sensible debt equity swap.
Srilanka: Done and dusted.. China wanted this and they successfully did it.
This video aged well 🤣
A city planned from the ground up is absolutely fascinating
Did not work out right as of now..
May Sri Lankans overcome the difficult times ..
I've got a good idea. You know how sea levels are rising each year and storm surges are becoming ever more dangerous to coastal areas right. So lets reclaim some land directly in that sea so maximum damage is done in the future. Let's also let China fund everything so when it all goes belly up we can repay by giving the whole area to China for 100 years so they can convert it into a military base to control the tiny choke point between India and Sri Lanka where so much trade passes. Genius.
Alex Mercer stop crying
100%
@Alex Mercer thats true man they are filled with hate
@Alex Mercer you seem very dumb, or you're a Chinese bot.
@Psycho it's funded by ccp. It's also obvious that it will be used as a leverage to increase their military presence in Sri Lanka.
It is also obvious Sri Lankans know about it too but corrupt politicians sanction it anyway for their bribes and benefits.
After successfully falling into China Debt Trap, now China + Sri Lanka = Chi Lanka..haha
Huge mistake, Sri Lanka fells into CCP’s trap
Yes, living for a better life is a trap. Living under the poverty line is politically correct.
CCP may control Sri Lanka’s economy after doing this
Better than US bombs
@@嘤嘤嘤-k1l says who? We Sri Lankans prefer to live without Chines involvement too
Huge mistake, you are a victim of US propaganda
Wow... Sri Lanka will rise high.
Love from Pakistan 🇵🇰🇱🇰❤
This is identical to Eko Atlantic City in Lagos, Nigeria that's currently under construction
@Tobby Isiba a city like that can't be built in a day... It'll most likely take 20-30 years to complete
Srilanka's new capital city: Beijing
Sri Lanka province, People's Republic of China
Don't worry poor India.your country is puppet of America too.😂
Dosn't matter , most developed county's capital held on Woshington DC 😁😁😁😁 South Korea/ England / Vietnam / Mexico , they cant even sleep without USA
@@Dura_Yaka Sri Lanka is Sri Lanka
@@Dura_Yaka your country's entire railways is funded by "poor India". From Locomotives to Coaches. Everything
I hope Sri Lanka succeeds, respect from Bangladesh 🇧🇩.
Even bangladesh is becoming chinese land now.
Thanks bro ...
@@dhamukarthi5735 not actually
Thanks!
No it won’t
Even if this project survives 99 years, Is China then going to say "Thank you Sri Lanka. You can now have your land back." I don't think so, but meanwhile some Sri Lankan politicians will be making great money while impoverishing their citizens.
Are you from Sri Lanka
Thanks B1M ❤️ Been waiting for this video for a long time 😊👍🏻
Even i was waiting for a video like this i feel sad by looking at those comments by the haters
Seems there are more Indians commented here than Sri Lankans
I want sri lanka to prosper and become one of best tourist destination and amazing country
I am from india
It sounds like the narrator is calling the project "Poor City Colombo" That can't be right.
It's Port City Colombo
I was wondering the same thing!
He's looking into the future
Great video.... As a Sri Lanka I enjoyed it..... However you failed to mention about high corruption in Sri Lanka .... And its effects on this project......
Colombo port city will be a future Chinese military base.
actually most of comment are wrong...port city bill specific says the land is own by sri lankan government. 53% own by sri lankan government and 47% owned by chinese company for 99 year lease But for investments only and as video says CHEC and Sri lankan government will make joined advertising campaign..and already LOLC and Browns group have invested in port city ($1 billion investment).also hambantota was unfortunately miss managed by the government. But with the port city we can hope same mistakes will not be occur. the land was built for service sector investments.
@@dhanuddaradharmarathne9069 After passing it they realised the govt portion is 24% not 53%.
So what,
It looks beautiful. I hope it all works out, Sri Lanka seems like a fascinating place.
2022: Sri Lanka is heading towards bankruptcy and China is closing in on the island
1 disadvantage of building the port city is the rest of Sri Lanka's west coast gets eroded. living close to the beach I can see how fast the beach has eroded over the years. fortunately due to the 100-metre rule no buildings have been affected
Yo I am from future
It will break Sri Lanka’s economy
On one side I love to see our country is developing and other side I fear that foreign influence could corrupt us and put us in a massive debt. We should have build these things without foreign loans and influence. Sri Lankan's know this city is not for us..
hey dude U need private companies to do things not countries. That's why India's out private companies in charge it the city development project of Sri Lanka. Tata has already completed a lot of work and it's on low interest loans so it's lower debt. U guys should've done a deal with Huawei instead of China they are pretty much both the same but Probate companies are more reliable and don't influence much.
Glamour Graphics:- 9987850293 哈哈哈哈哈，indian
Your fear came true!!
this cost almost £7 billion less than crossrail... Let that sink in.
Sri Lanka build a whole NEW ISLAND for less than a tube line
B1M: "Meanwhile, Mattala Rajapaksa International Airport now dubbed the World's Emptiest Airport..."
Berlin Brandenburg Airport: Am I a joke to you?
2 years later, it has, amongst other things, completely obliterated Sri Lanka.