cicero
2018-05-17 23:26:06 UTC
The ECR or East coast railway project in the east coast of mainland
Malaysia will likely be scrapped.
In a yesterday's news reports in Japan's NHK world free channel,
it showed an interview of some foreign analysts which were
saying the Najib signed the east coast railway line or ECRL
with the Chinese for a project loan of USD 50 billions.
They analyst said that in Malaysia, their local construction
experts think the ECRL project is only worth USD 30 billion.
Also, they analyst was also saying that in Malaysia, the
Malaysian people in construction experts were commenting
why all the pieces of works were not given to local Malaysian
contractors but were given by the Chinese main contractor
to their own China's owned contractors imported into Malaysia.
The imports of Chinese capital and labour and contractors are
showing them it were "parts of Chinese investment into Malaysia.
What the analyst was saying, is that Chinese investment into another country
was not
just to lend money to the country of project, but also to be used to pay for
their
own imported of Chinese contractors and labours that will be imported from
China
to do their every piece of Chinese invested project works.
It seems very clear from the "loud noises" and "whispers" in Malaysia that
the unpublished project loan signed with China on the ECRL raiiway project
that runs a long only 3 "sleepy" states,.
These 3 states are of "no economy" states that the ECRL will run along the
coast of Trengganu Kelantan and Pahang to KL that there was a "secret deal"
by "Nasi lemak and his cronies" to "pocket" the 20 billions of USD from the
Chinese loan project.
The differences made between the Chinese project loan cost of USD 50 billion
and Malaysian developers' realistic of estimated project cost of 30 billion
USD.
The projected 20 billion USD is a "very high neat profit" on the "top of the
cream"
on the cuppa-chino coffee cup.
This 20 billion will be made from the Chinese loan of 50 billions for the
ECRL
project that will have to be repaid by the tax payers of Malaysian for 50
to
100 years to come.
If Malaysia cannot repay the loan, the ECRL railway line including the lands
and
assets will be sold to China for the next 50 to 100 years.
This is a "simple calculation" based on 50 billion USD loan with a low loan
interest attached to it.
Without taking the interest cost in the simple calculation, such repayment
of Chinese loan is made at 500 millions USD per year, it will talk 100 year
to repay.
If the repayment of Chinese loan is 1 billion USD per year, it will take
Malaysia
to repay in 50 years.
If ECRL railway does not have the profit from the revenue of business from
the
3 "sleepy" states of Trenggannu, Kelantan, and Pahang, there will a huge
debt
to be repaid by Malaysian govt from which they get their public money from
their tax payers.
A good example is Sri Lanka's new port which was built by China
under a Chinese loan and when after several months Sri Lanka cannot
repay the monthly as there was no enough profits from the port revenue
to repay, the port was taken over by China.
Malaysia will likely be scrapped.
In a yesterday's news reports in Japan's NHK world free channel,
it showed an interview of some foreign analysts which were
saying the Najib signed the east coast railway line or ECRL
with the Chinese for a project loan of USD 50 billions.
They analyst said that in Malaysia, their local construction
experts think the ECRL project is only worth USD 30 billion.
Also, they analyst was also saying that in Malaysia, the
Malaysian people in construction experts were commenting
why all the pieces of works were not given to local Malaysian
contractors but were given by the Chinese main contractor
to their own China's owned contractors imported into Malaysia.
The imports of Chinese capital and labour and contractors are
showing them it were "parts of Chinese investment into Malaysia.
What the analyst was saying, is that Chinese investment into another country
was not
just to lend money to the country of project, but also to be used to pay for
their
own imported of Chinese contractors and labours that will be imported from
China
to do their every piece of Chinese invested project works.
It seems very clear from the "loud noises" and "whispers" in Malaysia that
the unpublished project loan signed with China on the ECRL raiiway project
that runs a long only 3 "sleepy" states,.
These 3 states are of "no economy" states that the ECRL will run along the
coast of Trengganu Kelantan and Pahang to KL that there was a "secret deal"
by "Nasi lemak and his cronies" to "pocket" the 20 billions of USD from the
Chinese loan project.
The differences made between the Chinese project loan cost of USD 50 billion
and Malaysian developers' realistic of estimated project cost of 30 billion
USD.
The projected 20 billion USD is a "very high neat profit" on the "top of the
cream"
on the cuppa-chino coffee cup.
This 20 billion will be made from the Chinese loan of 50 billions for the
ECRL
project that will have to be repaid by the tax payers of Malaysian for 50
to
100 years to come.
If Malaysia cannot repay the loan, the ECRL railway line including the lands
and
assets will be sold to China for the next 50 to 100 years.
This is a "simple calculation" based on 50 billion USD loan with a low loan
interest attached to it.
Without taking the interest cost in the simple calculation, such repayment
of Chinese loan is made at 500 millions USD per year, it will talk 100 year
to repay.
If the repayment of Chinese loan is 1 billion USD per year, it will take
Malaysia
to repay in 50 years.
If ECRL railway does not have the profit from the revenue of business from
the
3 "sleepy" states of Trenggannu, Kelantan, and Pahang, there will a huge
debt
to be repaid by Malaysian govt from which they get their public money from
their tax payers.
A good example is Sri Lanka's new port which was built by China
under a Chinese loan and when after several months Sri Lanka cannot
repay the monthly as there was no enough profits from the port revenue
to repay, the port was taken over by China.