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How a Chinese highway could put Montenegro's EU bid at risk | DW Business 

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Montenegro has gone into huge debt to build a highway on China's New Silk Road. What will happen if the country can't pay that money back? Even worse, the project has also created a slew of environmental problems.
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#Montenegro #China #BeltAndRoad

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3 сен 2023

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Комментарии : 2,3 тыс.   
@rebym
@rebym 10 месяцев назад
It's odd how this documentary doesn't talk about how Montenegro has signed recent contracts with China to build additional roads. One would think that if they are so full of regret that this wouldn't happen.
@px1690
@px1690 10 месяцев назад
the politicians are not the most integer sorts of people (are you shocked?) I'm not.
@charlie8458
@charlie8458 10 месяцев назад
There is something called corruption. Ever heard of it ?
@Flyinghigh3597
@Flyinghigh3597 10 месяцев назад
The Balkans cannot only blame on their own !
@Flyinghigh3597
@Flyinghigh3597 10 месяцев назад
@@charlie8458 What corruptions? Did China point a gun at them to sign ?
@jackzhou4813
@jackzhou4813 10 месяцев назад
@@px1690 Montenegro is a democracy, if people don't agree, what can the government do?
@aneash482
@aneash482 11 месяцев назад
Here's the dilemma for countries like MonteNegro, if you do not accept Chinese investment and infrastructure, you are not developing and not building anything. If you accept that, EU wouldn't be happy but you had their attention, because you are inviting China instead of them. Now, here's the question, if the Chinese were not there, would the EU even be interested in your country? Would they even mention helping you to build you infrastructure? Think about that. They don't want to help you, but they don't even want others to help you. Same applies to Africa.
@trevoryin
@trevoryin 10 месяцев назад
Country is small with no big income. Shouldn't do major projects with either EU or China or any other country. The problem is politician want credit, people wants their country like other developed country. That's the problem with developing countries .
@kaycey7361
@kaycey7361 10 месяцев назад
Make it your own. No one is going to help you for free
@anh-quanle4399
@anh-quanle4399 10 месяцев назад
Got your POV, but according to our similar experience in Vietnam, Chinese construction companies bribed a lot of government officials to get the projects and it's actually not worth to have infrastructures that were too damn expensive and not designed for long term quality
@melluzi
@melluzi 10 месяцев назад
If you skip nonsensical infra projects and focus on compliance for EU membership, in a few years you get major part of such projects funded by the EU itself. And even the share spent from local budget will return as salaries for involved locals. In China itself majority of construction and real property projects will never become profitable so they desperately need at least some outside to balance the budget.
@melluzi
@melluzi 10 месяцев назад
@@anh-quanle4399 Same for Cambodia, Phnom Penh - Sihanoukville motorway. They could have easily fixed the existing road, its capacity was more than sufficient.
@mijatnikcevic6634
@mijatnikcevic6634 10 месяцев назад
I am from Montenegro, and it is great that we finally made that road. With this road we have a good connection to the north. Previous road trough canyon took so many lives. What it took 1 and half hours before now it is 25 minutes ride. Road will pay itself. Montenegrin debt is only 70% of gdp, if you compare it to other western countries it is smaller than most. Only thing is that you hate China, and their influence. Maybe influence of China would not be that great, that EU had let Montenegro in finally. You had let Bulgaria and Romania in and you are setting unimaginable standards for Montenegro, which half of todays members do not have. Please cut the hypocrisy talk. I hope we continue that road more to the north and to the south also.
@semanadelherrero
@semanadelherrero 10 месяцев назад
Is there no cost for China’s construction? Is it free for you? I’m laughing. Do you like bombs or highways in the West? There is a price for everything you do. If China doesn’t come, Westerners will invest in construction for you. Stop dreaming. The debt trap is what the West says to discredit China. If I were the leader of China, why would I want to help a country that is not grateful and let it continue to be poor? Anyway, the West only wants to plunder them.
@KnightArisen
@KnightArisen 10 месяцев назад
60000000000000000000000000+ Social credits
@walkingwithsandels5728
@walkingwithsandels5728 10 месяцев назад
​@@KnightArisendon't you have schools shooting to attend to?
@walkingwithsandels5728
@walkingwithsandels5728 10 месяцев назад
​@@KnightArisenlol your just a kid Keep playing soul games 😅
@KnightArisen
@KnightArisen 10 месяцев назад
@@walkingwithsandels5728 9000000000000000000000000000000000000000000000000000000000000000000+ Social Credits Sir bin qi ling
@ld871111
@ld871111 10 месяцев назад
Honestly, 1 billion euros for a highway 41 kilometers long with tunnels and bridges is quite cheap. The real function of the road is to facilitate more efficient movement of goods and people from point A to point B, which the video clearly stated it was doing. Businesses are booming in the towns the road has connected. You could argue that China was using its own construction crew instead of providing jobs for locals, but that also ensured on time and on budget completion of the highway.
@notmyname2507
@notmyname2507 10 месяцев назад
exactly this was a hit piece but they still managed to give us enough info to understand the misleading
@DiederikCA
@DiederikCA 10 месяцев назад
You are right, it is cheap. But is it sensible? It needs to add billions in economic activity to be remotely profitable for a government. Otherwise you're still impoverishing your nation, but then through taxes. And given that montenegro has poor regular roads in other parts, that would be a more sensible investment
@Patangy
@Patangy 10 месяцев назад
As an Australian, I was also surprised it was so cheap. But seeing how they dumped rubbish and destroyed the river it makes sense. A lot of extra cost comes from things like waste disposal and minimising the damage to the local environment. Hopefully the quality is up to par and they didn't cheap out on materials / construction quality.
@DiederikCA
@DiederikCA 10 месяцев назад
@@Patangy i wouldnt expect it. Cutting corners is a way of life for chinese companies, at home and abroad. If they think they can get away with something, they'll try it. Its not that they cant build quality products, but they will not do it if theres insufficient oversight. And there was clearly insufficient oversight, otherwise that river would still have fish in them
@thestevenmartinshow
@thestevenmartinshow 10 месяцев назад
My Canadian city has a freeway plan that projected costs at 1.36b€ for 27km. Including one bridge and probably some overhead crossings... Also that projection was done in 2014 and we won't break ground until 2030 at the earliest. That being said my city prides itself on its sustainable water practices, so I'd rather spend the money then just yolo chemicals willy nilly into the water
@michaelerzuah1105
@michaelerzuah1105 10 месяцев назад
This sounds like, "if you can't help them, complain if someone does". Honestly, all the problems outlined are solvable only if the government decides to work on it. Generations to come will certainly hail the bridge's construction
@ruzicas.5819
@ruzicas.5819 10 месяцев назад
Lol. Not if that generation will still need to pay the debt for those 41 km.
@wmd202
@wmd202 7 месяцев назад
Imagine borrowing 1 Bil for a new road and then building only 1/3rd before running out of money. And the terms of the loans allow for China to seize land, including the valuable port when Montenegro defaults. I guess they have a cool bridge though
@BenerGunes
@BenerGunes 11 месяцев назад
WHY cant they find European contractor? Because it is 5 times more expensive and five times longer to build
@johnnydoe3603
@johnnydoe3603 11 месяцев назад
It’s Financial looting for China to Charge $1 Billion for 41 Miles. 😂 You want to Quote 5 Times that.
@jerrykreutzer4326
@jerrykreutzer4326 11 месяцев назад
Maybe because they don't cut corners and destroy all surrounding nature in the process?
@freakmoister
@freakmoister 11 месяцев назад
@@jerrykreutzer4326 lol and u actually believe that😂😂😂
@CaptainKremmen
@CaptainKremmen 10 месяцев назад
@@freakmoister Look at the quality of autobahn construction vs Chinese construction. Yes, there is a difference. Chinese companies will cut corners more than most, if you let them.
@Nomadsabin
@Nomadsabin 10 месяцев назад
​@@CaptainKremmen that's why bridges in us are crumbling lol do some research folks don't be manipulated by western biased media
@57ot
@57ot 11 месяцев назад
Honestly, I both admire and hate how China operates in the world: wherever it goes, it brings its own workers, always keeping its money in the loop. It barely creates any jobs or bring positive changes to new markets, indebting them due to the typical disregard to long-term planning and environmental protection.
@Western_Decline
@Western_Decline 11 месяцев назад
The U.S. funds NGOs worldwide to speak negatively about Chinese influence while offering no useful alternatives.
@divyankpatel6512
@divyankpatel6512 11 месяцев назад
Debt trap policy
@FrickingLunatic
@FrickingLunatic 11 месяцев назад
i agree, this is a for profit only venture for China.
@samsonsoturian6013
@samsonsoturian6013 11 месяцев назад
It's circular investing
@MMA-gb6to
@MMA-gb6to 11 месяцев назад
while when G7 operates in the world, only wars, more debts, and color revolutions... nothing positive at all
@Robocop-qe7le
@Robocop-qe7le 11 месяцев назад
They have clearly made their choice; as a european i don't really want to pay China via montenegro. Montenegro should squeeze their pocket and pay what they agreed with China. Don't expect EU to pay for your choices.
@razorburn7745
@razorburn7745 11 месяцев назад
Agreed. They wanted a Chinese debt trap. They’ll have to learn their lesson the hard way like Pakistan.
@cathie3874
@cathie3874 11 месяцев назад
EU don’t care about Montenegro so they turn to China. You sound like eu has money for others. EU almost can’t pay for its own budget
@sull5307
@sull5307 11 месяцев назад
the problem is that the money is stolen between politicians and for sure this doesn't cost 1 BN, and everyone in Montenegro knows that.
@emanuel12345678901
@emanuel12345678901 11 месяцев назад
⁠another reason to not get into EU too soon or to have the EU pay their debt. they know things are rotten yet they voted those politicians and nobody got arrested for this stupidly expensive and useless highway
@freddydutchman
@freddydutchman 11 месяцев назад
Weather in a Chinese or European dept trap, look how the EU trapped Greece, it's both the same, EU better pay up if they want to conquer another country
@asha8443
@asha8443 11 месяцев назад
Wow the entire belt and road initiative has become a big dumpster fire for these debt-trapped countries..
@olereidar
@olereidar 11 месяцев назад
That was the plan all along. China’s road to world 🌍 domination.
@symphantic4552
@symphantic4552 11 месяцев назад
That’s all part of the plan!
@martinstepanek8902
@martinstepanek8902 11 месяцев назад
Boom! Yet another Mafia style government preying on the poor.
@JD-lp5rw
@JD-lp5rw 11 месяцев назад
That's exactly what it's meant to do. The country gets in debt unable to pay back, so china agrees clauses to gain influence in the country as payment. It's why China owns half of Africa right now.
@samsonsoturian6013
@samsonsoturian6013 11 месяцев назад
Not any better for China, which has its banking sector collapse completely with default rates exceeding 50% in many cities
@DevKulkarni
@DevKulkarni 11 месяцев назад
Honestly.. from an Indians perspective who’s interested a bit in infrastructure.. 1 billion Euros for this quality and difficulty of a highway running for 40km in today’s money is not a lot atall. I don’t think it was possible to do it without the Chinese building it with their own labour and financing it too. In that sense it’s not really burden because even if Montenegro managed to build it with loans at cheaper rates they would have had to raise a lot more money. The mistake wasn’t really the loan. It probably was the overestimation of benefits coming from it. Sure China enabled the splurge.. but the true crime lies in the decision itself.
@user-zz8lb6bd7p
@user-zz8lb6bd7p 11 месяцев назад
Get the person who signed the contract to hand back the 10% he got for signing it. It's not all but a start
@symphantic4552
@symphantic4552 11 месяцев назад
❤️‍🔥
@rambleon2838
@rambleon2838 11 месяцев назад
The deal was signed under the previous administration. If business was conducted under official time it would seem to be hard to revert the policy. Unless you nationalize infrastructure and buy it from the Chinese for $1. Didn't just Heineken sell it's interests to Putler for less than what the charge for a bottle in the store?
@blolee-gc1sr
@blolee-gc1sr 11 месяцев назад
must be a person smarter than the guy believe concrete kills fish in river.
@skymaster4121
@skymaster4121 11 месяцев назад
@@blolee-gc1srof course. Because every smart person knows, concrete in a river makes fishes bloom. Like you do, Einstein Besides you missed the part where they said all the chemicals were washed there too
@blolee-gc1sr
@blolee-gc1sr 11 месяцев назад
what chemicals from building a highway? Madame curie china builds thousands miles of highway each year and I am sure there are still fish in china.
@maxaters
@maxaters 11 месяцев назад
Lol why isnt the video talking about Montenegrin government’s faults here?? When projects like this are planned, they should be outlining their priorities upfront, including the environmental ones. Reality is, they probably didnt even consider the impacts on rivers, because there is no political will to look into that. You can blame the builder all you want, but contracts are closed based on the requirements and agreement of the local authorities…
@johnnydoe3603
@johnnydoe3603 11 месяцев назад
You mean the Politicians on the Payroll of China 😂
@aj3314
@aj3314 11 месяцев назад
Do you think that river is more important than a project that brings almost 10 million dollars per year?
@wyqtor
@wyqtor 10 месяцев назад
Let's be honest here, no one in Switzerland, Italy, France, Austria stopped to evaluate the environmental risks as they dug those huge tunnels through the Alps. The priority was economic development. Well, guess what: Montenegro wants to develop as well, without nosy Westerners telling it what to do.
@apocain
@apocain 10 месяцев назад
The government should buy tons of small fish and put them in the river.
@IVAN.RASYIDIN
@IVAN.RASYIDIN 10 месяцев назад
no one is talking about Australia destroying the ocean because of their salmon farms, there is no protest, Japan dumped 1 million cubic meters of nuclear waste into the ocean because of their friends.
@Everyonehasanopinion
@Everyonehasanopinion 11 месяцев назад
Next prepare for construction of “Chinese police stations” and infrastructure “upgrades” that facilitate Chinese surveillance and data collection.
@blolee-gc1sr
@blolee-gc1sr 11 месяцев назад
CIA troll
@Everyonehasanopinion
@Everyonehasanopinion 11 месяцев назад
@@blolee-gc1srno CIA in my country. But we do have the Chinese police stations and I am NOT in China. But feel free to play again.
@user-kn1oo1be4r
@user-kn1oo1be4r 11 месяцев назад
Why does China want data from Montenegro?
@tonyatgoogle6076
@tonyatgoogle6076 11 месяцев назад
I have not seen any proof of these 'Chinese police station'. its just another media brainwashing you to hate the Chinese.
@KayyHong
@KayyHong 11 месяцев назад
@@SpruceWood-NEG --- don't hold your breadth for the EU and America to help. Infrastructure building is a low margin business and requires hard work. War and selling weapons systems are far more profitable.
@Average_Bruh
@Average_Bruh 11 месяцев назад
Do Jamaica next. It's the samething. A river that I have seen since i was born, is now basically non existent since the Chinese built a road there. And the rate of the toll is higher than most motorists can afford, so the toll road always has light traffic. And more and more roads keep being built as a new one will be opened to the public tomorrow. The government has not outlined what the exact deal with china was and what happens if we default on loan payment. So i would love to see real journalists uncover China's growing influence in the Caribbean and how long the Chinese have been infiltrating the Caribbean.
@Featherface01
@Featherface01 11 месяцев назад
NEO colonialism my friend. You're only just free of the British and soon you'll be under the kosh of the CCP.
@merrick6484
@merrick6484 11 месяцев назад
Well, if its a bad deal, then don‘t deal with Chinese Constructure again. Maybe your country should withdrew frim Globalisation and started making your own cellphone .
@gtaraya
@gtaraya 11 месяцев назад
sooo... roads are not beneficial somehow?
@Average_Bruh
@Average_Bruh 11 месяцев назад
@gtaraya it's not about being beneficial or not. It's about what we are willing to risk and give up, just to get it. And it can't be beneficial if the tolls are too high, which makes them less attractive to motorists. Besides, all I did was request a journalistic investigation into the matter. Nothing was said or implied about the benefits or lack thereof.
@bhoepa5550
@bhoepa5550 11 месяцев назад
@@Average_Bruh One of the most important condition when signing deal with China's Belt and Road loans and projects is confidential and not to be open to anyone the details specially to journalist. Most of this is done with under the table hand shake. Only when the government changes in the host country, things unravel and it is already too late because the ink is already dry. Never a good thing in long run for poor countries with corrupt leaders.
@reis1185
@reis1185 11 месяцев назад
1. EU rejected to fund the project. China came to the rescue with interest free loans. 2. Montenegro sees the Belt and Road Initiative better than EU and US alternative like IMF and World Bank. 2. Montenegro did a bidding, European contractors are expensive, Chinese contractors are cheap with proven portfolio. China won the bidding. 4. Montenegro-BRI contract is available online.
@nihil_hd1598
@nihil_hd1598 11 месяцев назад
yeah,because eu didnt see it profitable
@reis1185
@reis1185 11 месяцев назад
​@@nihil_hd1598"Montenegro is not a democracy we should change their leader"
@JigilJigil
@JigilJigil 11 месяцев назад
WSJ did a great detailed piece about China projects in other coutnries, on how China lack of experience and technical capability ended up with dams with 1000s of cracks, infrastructures and structures that were prone to collapse, and defective equipment and systems with low quality materials and components, if you work with China this is what you get.
@jkardez4794
@jkardez4794 11 месяцев назад
Now you know the reality when the loans comes due as to how cheap Chinese is in the long run.
@Subh8081
@Subh8081 11 месяцев назад
Obvious case of corruption by the Montenegro Government. World Bank - 1) Does not give loan for projects that fail the cost-benefit and cost recovery analysis. 2) Does not give loan with the borrower is not deemed to be capable of paying back the loan. 3) Does not seize infrastructure of claim sovereignty over an infrastructure built from its loaned-out money. China did. Because - 1) They don't care if the project recovers its cost or not because the aim was to put Montenegro in debt trap and a vote for China at every forum Montenegro participates in (in the long run). 2) They de-risked loan default to certain extent by circling back the money to its own companies, contractors and economy. 3) Further de-risked by putting infrastructure as mortgage.
@NoSuffix
@NoSuffix 11 месяцев назад
There are several ways to improve the situation and lower the debt. First is to capture the government officials who signed the contract and force them to pay back all the bribes and kickbacks which they received. That is 100% certain as history shows. Second is to start investigations on Chinese companies' blatant ignorance of environment protection and issue heavy fines which will be deducted from the loan if they are not paid in time.
@Rig0r_M0rtis
@Rig0r_M0rtis 11 месяцев назад
Yeah except in the contract they probably have a no-liabilty clause for the environmental damage.
@xinbozhang7206
@xinbozhang7206 11 месяцев назад
Then there are no more companies from other countries willing to undertake the construction of new projects. Are the western media or the government willing to help you build a road for free? Don't be brainwashed by western media, think with your own brain!
@randallchu6539
@randallchu6539 10 месяцев назад
Why are you so immature
@badlaamaurukehu
@badlaamaurukehu 10 месяцев назад
But China in and out!
@user-kl9hn7fj9l
@user-kl9hn7fj9l 10 месяцев назад
看来我们中国人需要学习美国和西方一些国家,学会如何往其他国家领土上扔炸弹。炸毁道路桥梁等等基础设施,而不是修建它们。
@nimenea
@nimenea 11 месяцев назад
China knows exactly what its doing. They put prices that cant be covered in time and allways in contract is a part of a land ,port etc ; that is given to china for 50-100 years.
@pakde8002
@pakde8002 11 месяцев назад
And the bid is lower than anyone else but after they start work the cost doubled or tripled.
@pakde8002
@pakde8002 11 месяцев назад
​@@Western_Declinethe IMF doesn't get the bid and send its own workers comrade mao.
@SpruceWood-NEG
@SpruceWood-NEG 11 месяцев назад
I see many people criticizing China for providing 25 years of long-term interest free loans to Montenegro and building mountainous highways. So can we do something, such as all the critics donating at least 100 euros to Montenegro, and the European Union also providing a 25 year long-term interest free loan to help Montenegro build highways. According to everyone, the EU must hire local workers. As a member of the democratic world, the EU must assist Montenegro in building highways and cannot attempt to profit from this project. In order to avoid Montenegro falling into the Chinese debt trap. It would be better if the EU could provide half of the construction funds.
@fzakrzewski
@fzakrzewski 11 месяцев назад
@@SpruceWood-NEG if Montenegro joined EU that would have happen 😆 now all Montenegro can do is pay what they owe for their choices
@notright7
@notright7 11 месяцев назад
@@Western_Decline nope, you are thinking of China that does this.
@valevisa8429
@valevisa8429 11 месяцев назад
Becoming a debtor to China for 40 km. of highway ,is far from being a smart thing to do.But leave them alone,it was their own choice.
@blolee-gc1sr
@blolee-gc1sr 10 месяцев назад
is one billion dollar a?big deal? where are you?from
@tobiastrier
@tobiastrier 10 месяцев назад
The point is that it’s too late too leave the decision alone since it affects everybody.
@Carewolf
@Carewolf 10 месяцев назад
@@blolee-gc1srFor a small country of less than one million people.
@Bk6346
@Bk6346 10 месяцев назад
And how much would it have cost if EU companies built that 40 km of highway that included tunnels? It would be probably 5 times more than the Chinese. Montenegro would never get that highway built if the EU is involved.
@tobiastrier
@tobiastrier 10 месяцев назад
@@Bk6346 so they built it anyway and let the Chinese kill their river, take their sovereignty and destroy their landscape.
@pohanahawaii
@pohanahawaii 11 месяцев назад
🕵 "7 yrs to build, 41km (25mi) long, half hour to drive, cost EU1Billion". Wow, Chinese are so smart! Now that Montenegro is unlikely to afford to complete the 270 miles project or "repay China's state-owned Export-Import Bank on time, the bank then has the right to seize land inside Montenegro, as long as it doesn't belong to the military or is used for diplomatic purposes." Very nice way for China to exert influence and control over Montenegro politically, economically, socially, etc.
@tedcrilly46
@tedcrilly46 11 месяцев назад
refinance. im sure EU will offer good lending terms, in order to keep the Chinese out.
@mattslowikowski3530
@mattslowikowski3530 11 месяцев назад
​@tedcrilly46 the EU would not have needed to. Could have had more targeted reforms to increase the economy first, then afford a highway like this.
@merrick6484
@merrick6484 11 месяцев назад
If you know Chinese motto of "Build Road first than wealth will followed", then you will understand why China has grown to a super Power in such a short time. Westetn Europe just wants to keep Eastern Europe as poor as possible for manupilation. If Chinese can be rich and so developed, Eastern Europeans can do it too.
@tedcrilly46
@tedcrilly46 11 месяцев назад
@@merrick6484 yeah western Europe wants to keep eastern Europe poor, ... and thats why the number 1 recipient of EU structural financial aid is Poland.
@gtaraya
@gtaraya 11 месяцев назад
i think you will punched in the mouth in poland for saying they are eastern european as they are central.@@tedcrilly46
@mhsidibe1
@mhsidibe1 11 месяцев назад
If this bridge was built by the US or Germany or any other country beside China, noone will have complained
@yenneferofvengerberg8647
@yenneferofvengerberg8647 11 месяцев назад
They took the money and gave jobs to chinese workers. Sounds like a double loss.
@nolongerblocked6210
@nolongerblocked6210 11 месяцев назад
That's bcuz it would've been done correctly, with better quality products & wouldn't have destroyed the environment
@siamcharm7904
@siamcharm7904 11 месяцев назад
all you have to remember is china bad west good. saves much time.
@neilwu3912
@neilwu3912 11 месяцев назад
But it also wouldn't be finished by now xD
@Rig0r_M0rtis
@Rig0r_M0rtis 11 месяцев назад
@@siamcharm7904 it's not even funny how true that is
@DushevnaSepsa
@DushevnaSepsa 11 месяцев назад
Same happened in Serbia with its highway, lots of small rivers along it are completely dead.
@kamsunleong6648
@kamsunleong6648 11 месяцев назад
Cant make an omelete without breaking some eggs. People always want progress but do not want anything to change. That's not possible.
@Alto53
@Alto53 11 месяцев назад
​@kamsunleong6648 you can actually, but that leads to things like HS2 in the UK - where every last environmental impact is taken care of. Ends up vastly increasing the size of the project.
@notright7
@notright7 11 месяцев назад
@@kamsunleong6648 ah yes, kiling fish and making a river dead and having to have to spend more money to fix the river after the fact, than would have been needed to just not clean out cement trucks in the river and dump the waste in the river. Now, more money has to be thrown at the problem, more waste of fuel, and taxpayer money to clean this problem up. But people like you will complain about how high your taxes are.
@freddydutchman
@freddydutchman 11 месяцев назад
Maybe because usa bombed them with depleted uranium?
@iamofadeadinsideoof1181
@iamofadeadinsideoof1181 11 месяцев назад
Headwaters infrastructures (like dam and water supply) and better roads could be more important for human needs in the future, As some person ever said that 'there's no gain without some sacrifices'.
@scarlion2101
@scarlion2101 11 месяцев назад
There is a reason for a poor country being poor. They need a highway with a low price, they need financing, they need you take care of their fish, they even need you to worry about their gov's debt ratio. Next time, ask EU or US to do those things!
@julioduan7130
@julioduan7130 10 месяцев назад
Those are not what Montenegro people worried about, but excuses some EU countries found to spread hate toward China.
@martinmagnusson1889
@martinmagnusson1889 11 месяцев назад
The problem with short 4 year-periods. It is easy to start projects like these. Its free. Then someone else have to pay further on.
@doncarlodivargas5497
@doncarlodivargas5497 11 месяцев назад
No reason to think twice about such things if someone else get the problem
@thomaswiegele9802
@thomaswiegele9802 11 месяцев назад
On the other hand, having a bad decision maker for 20 years increases the chances of having more disastrous projects along the way.
@martinmagnusson1889
@martinmagnusson1889 11 месяцев назад
@@thomaswiegele9802 sure, but atleast he will have to pay for some of them. I am just saying our system is not perfect, and this is its weak point. Short-term thinking, taking loans, and so on. It is amazing how the world keeps working while all are in dept. I doubt it will do so forever.
@SpruceWood-NEG
@SpruceWood-NEG 11 месяцев назад
I see many people criticizing China for providing 25 years of long-term interest free loans to Montenegro and building mountainous highways. So can we do something, such as all the critics donating at least 100 euros to Montenegro, and the European Union also providing a 25 year long-term interest free loan to help Montenegro build highways. According to everyone, the EU must hire local workers. As a member of the democratic world, the EU must assist Montenegro in building highways and cannot attempt to profit from this project. In order to avoid Montenegro falling into the Chinese debt trap. It would be better if the EU could provide half of the construction funds.
@doncarlodivargas5497
@doncarlodivargas5497 11 месяцев назад
@@SpruceWood-NEG - do not forget it is typically all built by Chinese workers, little have benefitted the local community, most probably banks and EU etc have refused to lend money because the project have had little value for the society, what China are doing is kind of political extortion
@CoaRicpe
@CoaRicpe 10 месяцев назад
I am from Montenegro. We are happy because we finally got this highway, we hope that soon the construction of other sections will continue. And you from the west, if it bothers us that we use a Chinese loan, offer us the same or better conditions and we will take a loan from of your banks👋🎁👋
@shanghaidiscovery2664
@shanghaidiscovery2664 11 месяцев назад
pretty much a hit piece... the first few people interviewed tell you that this has changed their life and their capital city is now linked to the coast whereas before it took much longer on dangerous roads (and by the way one of the reasons China continues to be a formidable competitor for manufacturing is because they invested so much in roads and rail tracks - something Germany might want to up their investment in for example as their trains have become a joke). Now the real question is why this had to be financed by China? well I saw another report on this same subject and Montenegro actually applied for loans from the EU for this first but basically this went nowhere not because of the high price tag (which comes from the fact that this is in a mountainous area) or for environmental reasons but because Germany, the Dutch and the Belgians did not want to open another trading route via the Med that would reduce traffic through their ports. So, well Montenegro looked elsewhere but as usual there are some who conclude that all of this was nefarious. I also remember seeing an interview of an official in an African country who explained that they chose Chinese financing for a bridge because the EU wanted them to first spend on improving the attendance of kids in school. And for them a bridge solved needs including how kids went to school. So maybe Europeans of which I am need to stop always being on high horses and be a bit more pragmatic... But what DW could also tell us is how much EU companies would have charged to build this same road? somehow, I suspect a tad more....
@EuroTravChannel
@EuroTravChannel 11 месяцев назад
Indian, Filipino and American Vietnamese come to EU's China bashing media and they are so happy.
@tombranch2261
@tombranch2261 10 месяцев назад
Belt and road leaves a trail of debt in its wake.
@Bk6346
@Bk6346 10 месяцев назад
You have to wonder how much it would have cost if the EU built the highway. With environmental and higher labor costs it would cost many times more than the Chinese which would result in Montenegro being many times more in debt to the EU rather the Chinese.
@allee1781
@allee1781 10 месяцев назад
​@@tombranch2261how does the IMF operate?
@godgeezhong8871
@godgeezhong8871 10 месяцев назад
They always raise problems and never solve them. Western democracy always does this. Once you make some achievements, there will always be opposition parties raising opposing views, resulting in huge administrative costs. The government's development of people's livelihood is always necessary to distinguish between primary and secondary ones.
@rushiekh
@rushiekh 11 месяцев назад
How many EU countries have debts that exceed 100% of their GDP?
@jarls5890
@jarls5890 11 месяцев назад
Greece, Italy, Portugal, Spain, France, Belgium. So 6. The highest one being Greece at 171%, For comparison; US 122%, Japan 263%, Germany 59%, China 77%
@gdhb6273
@gdhb6273 11 месяцев назад
Just my thought, it doesn’t seem very fair to demand more to candidate countries than to the member states, and even more knowing that once Montenegro and the other applicants get in they’ll most likely give up on the 60% rule
@biswaroopmaiti2943
@biswaroopmaiti2943 11 месяцев назад
@@jarls5890 China's debt is currently 290% of GDP. Where did you get 77%?
@jarls5890
@jarls5890 11 месяцев назад
@@biswaroopmaiti2943 IMF. Your 290% is the total debt including private debts. National debt is 77%. If you use THAT metric - US debt is 765% of GDP.
@jarls5890
@jarls5890 11 месяцев назад
@@apurvanagoree768 You are correct. As long as the USD is the world trade currency. THAT is what Putin is currently trying to change....
@toyotaprius79
@toyotaprius79 11 месяцев назад
Railways are much better use of money and recourses than an expensive length of tarmac.
@wyqtor
@wyqtor 10 месяцев назад
This motorway was desperately needed, the old road is narrow, windy. and very dangerous, with many unlit tunnels. Montenegro really needed it.
@anh-quanle4399
@anh-quanle4399 10 месяцев назад
@@wyqtor but Montenegro do not have natural resources like Africa, I'm afraid they gonna be bankrupted soon
@igormatkowski5488
@igormatkowski5488 2 месяца назад
​@@anh-quanle4399UE can't let this happen
@Zerotolerance1212
@Zerotolerance1212 10 месяцев назад
China relations with other world is based on mutual respect and development projects whereas West relations with other nations depends on demands, wars, stand with them in conflicts and looting their resources. You can see this all since 20 century where West entered they destroyed those nations even examples in recent times are Iraq, Libya and Yemen once those nations were with impressive standard of living and after West stepped in... 😢😢
@matejb2
@matejb2 10 месяцев назад
You are talking mostly about the USA, not the whole West
@Abhijeethable
@Abhijeethable 11 месяцев назад
Its Chinas way of Modern Colonization😆
@RUTHLESSambition5
@RUTHLESSambition5 11 месяцев назад
They aren't making anyone take any loan. Europe got Greece in a never ending debt trap😂😂Those people have no oil or resources. They can only pay the interest
@reis1185
@reis1185 11 месяцев назад
The Montenegro-BRI contract is available online, better to read it out and compare it to IMF and World Bank alternative proposal.
@kudajingkrak4919
@kudajingkrak4919 11 месяцев назад
colonialization will never build infrastrcutures. What France do in Africa is colonialization... France become rich, but Africa stay in poverty.
@fulviopontarollo2952
@fulviopontarollo2952 11 месяцев назад
@@kudajingkrak4919of course colonization builds infrastructure, how do you move the resources and wealth belonging to the colony from inland to your ports for shipment otherwise?
@comrade9374
@comrade9374 11 месяцев назад
Better than the west colonization of bombings
@rajahua6268
@rajahua6268 10 месяцев назад
Great infrastructure!! Money is well spend. Pity environmental inspectors not doing their job.
@JigilJigil
@JigilJigil 11 месяцев назад
China's Ecuador's dam is one the best example of China's capabilities: "Since the 2016 opening, officials from the state electricity utility have found more than *17,000 cracks in the power plant’s eight turbines,* according to the state utility. It blames the fissures on faulty steel imported from China."
@user-lq7tx1yt9g
@user-lq7tx1yt9g 11 месяцев назад
😂😂they fault for trust 🤮💩👹💩🤮
@reis1185
@reis1185 11 месяцев назад
Ecuadorian Engineers have conducted inspections and already debunked the myth of cracks and so is the dam's structural integrity.
@samsonsoturian6013
@samsonsoturian6013 11 месяцев назад
Lose the sycophancy. It's overpriced junk
@JigilJigil
@JigilJigil 11 месяцев назад
@@reis1185 Myth!!🤣 you Wumaos are so funny: Here are some quotes about that project: “We could lose everything,” said *Fabricio Yépez, an engineer* at the University of San Francisco in Quito who has closely tracked the project’s problems. “And we don’t know if it could be tomorrow or in six months.” “The *erosion* is a process that would normally occur over *thousands or millions of years,* but the dam has accelerated it in a matter of just *five years* ,” said *Carolina Bernal, a geologist* at the National Polytechnic School, a public university in Quito. “We are suffering today because of the bad quality of equipment and parts” in Chinese-built projects, said *René Ortiz, Ecuador’s former energy minister and ex-secretary general of the Organization of the Petroleum Exporting Countries.* " “Over my dead body will I accept *this poorly built plant*,” *Energy Minister Fernando Santos* told local media in November." Ms. Bernal said the government will likely *need to relocate a key part of the plant-the project’s water intake-which would *cost millions of dollars,* before that *structure is destroyed by the erosion.*
@KayyHong
@KayyHong 11 месяцев назад
This story is as true as "the doctor has found unusual cracks in your brain structure".
@Eoin-B
@Eoin-B 11 месяцев назад
It's a real shame they chose a Chinese company to save some money. That's 1 billion euros that completely left the country rather than 1.5 billion that was spent on local labour, boosting their economy. They missed out on giving the country a huge stimulus...
@user-lb8bg6kj9m
@user-lb8bg6kj9m 11 месяцев назад
Yup
@user-kl9hn7fj9l
@user-kl9hn7fj9l 10 месяцев назад
是的,但是我们中国人没有入侵他们国家,也没有往他们国家的领土上人炸弹,军事占领。也没有洗劫文物,盗窃石油。我们中国人真的应该学习你们西方人经常使用军事手段解决问题,并且宣称是为了和平和国家安全。
@ZakZak-ks6pg
@ZakZak-ks6pg 11 месяцев назад
Germany built Berlin Airport 20 years and now their Media complaining 7 years, Hypacrocy😅😂😂
@samsonsoturian6013
@samsonsoturian6013 11 месяцев назад
You should talk, you failed abortion.
@jackjhmc820
@jackjhmc820 11 месяцев назад
hahahaha. Honestly EU should build everything in the same budget and time constraints as the Chinese! Folks complaining seem to think their country can do it cheaper and faster than China! Yes Go ahead. AND China didn't force anyone to borrow money to build roads and bridges. If I am a Chinese Banker, I am far more worried if the loan is going to get paid or not.
@samsonsoturian6013
@samsonsoturian6013 11 месяцев назад
A curious remark since the trash built in China is only intended to last long enough to take the money and run
@RobinTorrekensTravelVlog
@RobinTorrekensTravelVlog 11 месяцев назад
It is a sad truth, doing business with CCP China is a very risky and expensive (money and environmental) way to develop a country. Good luck to Montenegro, do not sell your soul to communist China, you are European.
@vimalprince4467
@vimalprince4467 11 месяцев назад
the bad thing about Chinese loan is, it comes with Chinese developers and labour.
@IamHandsome4u
@IamHandsome4u 11 месяцев назад
@@GeorgeWashingtonLaserMusket better than oceangate submarine and titanic.🤣🤣
@JJS_11
@JJS_11 11 месяцев назад
@@IamHandsome4u Titanic was a century ago. Chinese are best at stealing technology and producing cheap poor products.
@pakde8002
@pakde8002 11 месяцев назад
And Chinese steel and cement. It won't last as long as the loan period but they won't be responsible for maintenance.
@pakde8002
@pakde8002 11 месяцев назад
​@@IamHandsome4utotally irrelevant uncle lee
@notright7
@notright7 11 месяцев назад
@@IamHandsome4u how about the Chinese sub that just sank? You forget about that one. You forget to mention that one, or are your Chinese handlers not telling you about that one.
@dengist8172
@dengist8172 11 месяцев назад
People who speak the local language love the highway. People who say it's bad almost all speak in English. I wonder why
@RomanesEuntDomus.
@RomanesEuntDomus. 11 месяцев назад
That's because English speaking people are smarter and better educated
@zolombox1779
@zolombox1779 11 месяцев назад
@@RomanesEuntDomus. Nice joke
@dengist8172
@dengist8172 11 месяцев назад
@@RomanesEuntDomus. Well we have a counterexample in you
@thomasjr8318
@thomasjr8318 11 месяцев назад
@@dengist8172 Or in you, not understanding irony.
@chrisc6015
@chrisc6015 11 месяцев назад
There’s a sample size of three people who didn’t speak English. One said it’s great, one said “we’ll pay it off, God willing” and the other one explained how the Chinese killed all the fish while constructing this highway. I don’t know how you drew the conclusion that all the people who don’t speak English love it
@mariobenicdotcom
@mariobenicdotcom 10 месяцев назад
Belt and road to nowhere 😂😂😂 funniest title ever
@EuroTravChannel
@EuroTravChannel 11 месяцев назад
Scientific and accounting errors: 1) The program counts loan payback solely from tolls. Local business boom, all those into private pockets, are missing. 2) The fish shown in pictures are called graylings, full name: arctic grayling in the salmon family. They thrive in cold water and die out in heat waves.
@robertonditi7715
@robertonditi7715 11 месяцев назад
Fairly accurate analysis
@samsonsoturian6013
@samsonsoturian6013 11 месяцев назад
The math on public projects is the state should break even in order to be profitable for the country. This will never be profitable
@arthurvyater656
@arthurvyater656 11 месяцев назад
You sure about the 2nd point? Arctic grayling does not live in Montenegro - a country just east of Italy. It has 'arctic' in the name..
@EuroTravChannel
@EuroTravChannel 11 месяцев назад
@@arthurvyater656 European grayling; heat tolerance upper limit 23C or 73F
@mintheman7
@mintheman7 11 месяцев назад
@@samsonsoturian6013Lol, that’s not how infrastructural projects work. Name a single highway that’s profitable with taxes or government money.
@ahmadimran6231
@ahmadimran6231 11 месяцев назад
60% Debt to GDP is a very arbitrary criteria given that Germany, one of the top 10 economies of the world has a 67% debt to gdp, france 99 and italy 130. As of December 2022, Russia has the least debt-gdp ratio in europe
@nenasiek
@nenasiek 11 месяцев назад
Yeah 15% is good although I prefer to live in a country where the elderly is actually taken care of
@jkardez4794
@jkardez4794 11 месяцев назад
So that's why the rouble is in the trash can ND Russians are migrating in hordes.
@quandmeme9970
@quandmeme9970 11 месяцев назад
Russia has debt rolled up in public companies and funds.
@donkalzone6671
@donkalzone6671 11 месяцев назад
​@@quandmeme9970luckily the west doesnt have that too. Oh wait...lmao
@samsonsoturian6013
@samsonsoturian6013 11 месяцев назад
That is not a good thing
@user-xu6vx7bh4b
@user-xu6vx7bh4b 11 месяцев назад
Before Chinese, Montenegrin government asked EU to help and they rejected, than Chinese catch chance to help and profit.
@samsonsoturian6013
@samsonsoturian6013 11 месяцев назад
Because it's not worth the money to build it
@user-xu6vx7bh4b
@user-xu6vx7bh4b 11 месяцев назад
@@samsonsoturian6013 How it's not worth money? Montenegro is next Luxembourg every year standard of living grows, plus it is country with amazing nature.
@samsonsoturian6013
@samsonsoturian6013 11 месяцев назад
@user-xu6vx7bh4b not worth a billion dollars. This is a tiny country with no major cities
@user-xu6vx7bh4b
@user-xu6vx7bh4b 11 месяцев назад
@@samsonsoturian6013 You know you have been there? Montenegro will finish the highway with or without EU help. Tiny or not they have the most beautiful country in Europe.
@samsonsoturian6013
@samsonsoturian6013 11 месяцев назад
@user-xu6vx7bh4b the highway is finished and it is losing money, pendejo
@Wiers75q
@Wiers75q 11 месяцев назад
If the same money is given to the United States, it will only be enough for dozens of Patriot missiles. So what if it is given to Germany? when the road is still waiting for approval to open, the reporters have already seen God.😂
@happymelon7129
@happymelon7129 11 месяцев назад
When the U$A says they want to help you by building infrastructure in your country, they don't mean hospitals, roads, schools, etc. They mean military bases. --island country saying
@reis1185
@reis1185 11 месяцев назад
I thought it's "The Highway to Nowhere" described by Western media?
@pohanahawaii
@pohanahawaii 11 месяцев назад
That's because it's only 25 miles out of an originally planned 270 miles project.
@reis1185
@reis1185 11 месяцев назад
​@@pohanahawaiithat's not what the report say, plus the contract is available online.
@pohanahawaii
@pohanahawaii 11 месяцев назад
@@reis1185 : Feel free to read these articles yourself: 1) NPR: "How a Chinese Highway Drove Montenegro Into Deep Debt" (6/28/2021). 2) NYT: "A Pricey Drive Down Montenegro's Highway from Nowhere to Nowhere" (8/14/2021)
@pohanahawaii
@pohanahawaii 11 месяцев назад
🕵 A copy of the loan contract reviewed by NPR in a 6/28/2001 article shows that "if Montenegro is not able to repay China's state-owned Export-Import Bank on time, the bank then has the right to seize land inside Montenegro, as long as it doesn't belong to the military or is used for diplomatic purposes. In addition, Montenegro's former government signed off on allowing a Chinese government court to have the final say on the execution of the contract."
@reis1185
@reis1185 11 месяцев назад
​​@@pohanahawaiiand what you see in the video is "The Highway to Nowhere"? The contract is publicly available online.
@vka3
@vka3 11 месяцев назад
US debt/GDP is 122%. France, Belgium, Spain, Greece,Italy, UK, Portugal etc are > 100%. So, why demonize China if Montenegro is 70%?
@mapletibits6372
@mapletibits6372 11 месяцев назад
While I share the concerns with the lady about the environment degradation and impact on local biodiversity and such, this video focused only the negatives, like the national debt, and therefore why China, and its Belt and Road, is bad. What the video fails to show, which I am also interested in finding out, is the other part about has building of this highway fulfilled its original intended purposes, like facilitating economy exchanges and profit generated directly as a result of this project? (Assuming the basic logic here is that basic infrastructure serve as the foundation of better goods/services exchanges therefore resulting a better economy performances). And I am not seeing these details presented in this video on the other side of the argument. Dear DW, do a better balanced report, thanks.
@Sp4mMe
@Sp4mMe 11 месяцев назад
Huh? That's precisely what the report opens with. Connections improved, locals like it, tourism and business is up. Whether this makes the road worth it or not is borderline impossible to calculate and will only be known possibly after decades. Can't expect the report to magically have the answer yet.
@crp5591
@crp5591 11 месяцев назад
I see your point, but I think that the main issue here / for Montenegro is the scale of the project. 1 Billion Euros would have been better spent across a multitude of infrastructure projects throughout Montenegro as opposed to just a 41 km stretch of super fancy highway. Yes that 1 project connects a small region, but the scale of economic benefit for that town is nowhere enough to justify a 1 billion Euro expenditure for a 41 km road. The economic benefit of spending that 1 billion throughout the country's infrastructure would have been greater and more easily justified. This was a pet project that benefited a handful, as opposed to the whole country. And that is without even factoring in the terms... the Chinese brought all their own materials and labor. That 1 billion was not spread into Montenegro's economy through materials and paychecks to its citizens. All of this is typical of the Chinese belt and road model employed across the developing world. China benefits. Not the host country.
@cristibrad6742
@cristibrad6742 11 месяцев назад
wow, so the gravel road at the end of a few minutes of driving and a ruined ecosystem is not balanced how? There are countless other studies made showing the building of that highway. As Montenergro has made itself more important so it has more eyes on it than it would wish.
@lich_liars6735
@lich_liars6735 11 месяцев назад
So Montenegro better without road than being in debt lol.
@aj3314
@aj3314 11 месяцев назад
It's ok when Western countries have 2times debt per gdp But its a problem if montenegro has 70% of its current gdp
@igormatkowski5488
@igormatkowski5488 2 месяца назад
​@@aj3314yes, because china has a terribly unfavorable contract (but I am not an expert)
@aj3314
@aj3314 2 месяца назад
@igormatkowski5488 yeah and western countries only give favorable credits Come on don't be a child
@igormatkowski5488
@igormatkowski5488 2 месяца назад
@@aj3314 I meant the fact that if you don't pay back, you lose the road (I meant that this could be the reason why this is a problem, I worded the sentence incorrectly)
@igormatkowski5488
@igormatkowski5488 2 месяца назад
I don't want to tell you how to govern yourselves (if it brings you profits, great)
@jackzhou4813
@jackzhou4813 10 месяцев назад
Why doesn't the EU or Germany help Montenegro to build infrastructure?
@wannabewallaby1592
@wannabewallaby1592 10 месяцев назад
I like how this video condemns China as a lender but didn't say who other than China can provide a better loan. Then the video goes on to highlight environmental damage cause by Chinese workers involved, as if other projects in the world doesn't have environmental impacts that they tried to cover up.
@Flyinghigh3597
@Flyinghigh3597 10 месяцев назад
Some Europeans were jealous!
@calvinblue894
@calvinblue894 11 месяцев назад
Every infrastructure takes time to gain back profits.. You go to University to get a Degree, you expect the certification to pay back your university cost instantly? Think long term, not short term. Only those who are short sighted will not go for further education.. There was a time when governments had to push people to get an education
@GreenCowsGames
@GreenCowsGames 11 месяцев назад
Something can still be a bad idea long term though... And this is one of them.
@calvinblue894
@calvinblue894 11 месяцев назад
@@GreenCowsGames Not a bad idea to those who agreed to it.. Only time will tell whether it's a good idea..but the idea is not from China..China is the builder and investor.. The idea is from the host country ITSELF
@jsphfalcon
@jsphfalcon 11 месяцев назад
It's great until you have to fix it probably every two years
@Western_Decline
@Western_Decline 11 месяцев назад
In the West, we have perfect roads that don’t have potholes and don’t require maintenance. 😂
@cristibrad6742
@cristibrad6742 11 месяцев назад
@@Western_Decline show me falling bridges with cars on them and cars getting 'eaten' by roads outside major earthquakes in the evil west. In the Balkans there are potholes big enough to plant trees. Saw a video once showing a serbian guy pulling off the road with his bear hands.
@wyqtor
@wyqtor 10 месяцев назад
@@cristibrad6742 Remember the Polcevera viaduct in Genova, Italy?
@kypronite
@kypronite 10 месяцев назад
Never in my lifetime that I ever heard countries building roads are bad. But when it comes to China, building roads are waste of money.
@kaijunjiang9763
@kaijunjiang9763 11 месяцев назад
So it's the Chinese fault that the 60% debt-to-GDP ceiling cannot be met? A 40 kilometer highway with 1 billion Euro budget is the scapegoat? What an absurd angle!
@MichaEl-rh1kv
@MichaEl-rh1kv 11 месяцев назад
They should sue the Chinese building companies for the damage (which seems to be higher than the loan they got).
@chiwanau
@chiwanau 11 месяцев назад
You have a lot of china news to catch up on if u think this is possible.
@MichaEl-rh1kv
@MichaEl-rh1kv 11 месяцев назад
@@chiwanau The question is not so much if they would be successful to get the money. Since the act was committed in Europe against a European nation they would not have to lodge the claim in China, but at European courts - and there they could win and be allowed to withhold any interest and amortization payments.
@cristibrad6742
@cristibrad6742 11 месяцев назад
it must not be EU's business to pay for countries's projects agreed with China. Make a law saying 'you deal with China on construction projects, you are on your own'. Maybe then the population will be more active against major infrastructure projects done with China.
@SS13934
@SS13934 11 месяцев назад
Another prey in the Chinese trap!! No scape. 😳
@supriadiramlan5545
@supriadiramlan5545 10 месяцев назад
seems DW want Montenegro become fisherman rather than tourist destination :)
@paneperunovski
@paneperunovski 10 месяцев назад
Worse highways in all the problematic aspects mentioned here were built in Albania and Kosovo. But they were built by an American constructor, so... No DW article
@SpruceWood-NEG
@SpruceWood-NEG 11 месяцев назад
Why doesn't the EU replace China and help Montenegro build a highway?
@martinmagnusson1889
@martinmagnusson1889 11 месяцев назад
Why does not Montenegro do it themself without huge loans? China is not helping anyone. If they did they would have done it for free.
@reis1185
@reis1185 11 месяцев назад
EU rejected to offer them loans. China won the bidding and offer them interest free loans, EU and US contractors are expensive. The contract is available online
@rollingdownfalling
@rollingdownfalling 11 месяцев назад
​@@musthafapm6775Is this Malayalam?
@martinmagnusson1889
@martinmagnusson1889 11 месяцев назад
@@reis1185 then China will get their money back, and no problem. If not, well maybe that was the reason why EU rejected?
@tamasvarga67
@tamasvarga67 11 месяцев назад
@@musthafapm6775You mean Putin’s war on Ukraine? Yes, that’s pretty destructive…
@JimCCorn
@JimCCorn 11 месяцев назад
Billion euros for an ice cream stand seems excessive.
@UDITGEHLOT
@UDITGEHLOT 10 месяцев назад
😂😂😂
@donkalzone6671
@donkalzone6671 11 месяцев назад
The debt to GDP arguement is BS, just take a look at the current EU members.
@samsonsoturian6013
@samsonsoturian6013 11 месяцев назад
Your opinion is bs
@Club420
@Club420 11 месяцев назад
Dear Montenegrin NGO, you are not from the US or EU country; yall didnt have money before China, dont blame China if yall go broke.
@ArabianKnight63
@ArabianKnight63 11 месяцев назад
Lol that expensive road😂😂😂
@IVAN.RASYIDIN
@IVAN.RASYIDIN 10 месяцев назад
We are proud to have Chinese fast train technology ❤
@freespiritable
@freespiritable 11 месяцев назад
i think the EU doesn't care one bit for the Balkan
@fookcheonkhaw7147
@fookcheonkhaw7147 4 месяца назад
One thing can be confirmed, i.e. If the highway were to be built Europeans, it would be at least twice the price and twice the time to complete. More importantly, the quality of the highway is good and long lasting. Chinese have been building highways since more than 2200 years ago. The first highway in the world was built by the first emperor Qin. It was 700 km long and still exists till today. If you have a chance to visit Xian, China, do go and see it for yourself.
@duncan.o-vic
@duncan.o-vic 11 месяцев назад
It's not mentioned that the country's coast is a tourist destination and this highway has cut multiple hours of travelling time to the coast. This highway was necessary in order to make their tourism profitable. The problem is more that the country is too poor for such a project due to the lack of investment and corruption.
@johnnydoe3603
@johnnydoe3603 11 месяцев назад
They Mentioned it at the Start. Chinese Bots better Watch the Video before Posting Comments. 😂
@pakde8002
@pakde8002 11 месяцев назад
Yes, the Chinese are just a side note of course. Just the friendly uncle trying to help European people. Nothing to see here.
@duncan.o-vic
@duncan.o-vic 11 месяцев назад
@@johnnydoe3603 No, they did not. They only mentioned Kolashin, comparably to the coast, insignificant winter vacation town in northern mountains. They deliberately omitted the existance of numerous far more profitable tourist towns at the Adriatic coast. You obviously are not familiar with the country, but you feel comfortable accusing those who are of being bots. I never said anything about favoring China, but maybe EU should have financed it instead of complaining.
@duncan.o-vic
@duncan.o-vic 11 месяцев назад
@@pakde8002 I don't like the Chinese involvment, but maybe you should have financed it then?
@user-st3im5ge7f
@user-st3im5ge7f 11 месяцев назад
⁠@@johnnydoe3603 Are you anti-Chinese bot? Only hate and bias in your mind!
@lawyermahaprasad
@lawyermahaprasad 11 месяцев назад
God Damit these type of highway can make money in High population countries like India China USA ... where per hr flow of traffic is enormously high. Still In India NHAI do not dare to finance it 100% with loan ...
@cristibrad6742
@cristibrad6742 11 месяцев назад
I can not give you enough likes for how you said it for the smooth brains. Montenegro has a hidden Dubai near that highway?
@baikeiast5255
@baikeiast5255 3 месяца назад
India is poor ,they still used the crappy highway pothole built by the british😊😊😊😊
@GiorgiVardi
@GiorgiVardi 10 месяцев назад
People with a knowledge of finance, will agree that road construction projects are not financed by tolls, ITS BASIC. tolls are for maintenance. BUDGET is for paying FD.
@lwty
@lwty 11 месяцев назад
If it is not done by the Chinese, it would take at least 10 years and 2 billion USD.
@Flyinghigh3597
@Flyinghigh3597 10 месяцев назад
These local people are ungrateful bastards!
@dave4882
@dave4882 11 месяцев назад
They need to tell the lenders that they will get 75% of the toll money. The other 25% will go to maintenance. Its not like china can come take the road up. If china wants to complain too much, just nationalize the road, and tell china to pound sand. Declare the contract void. Change the law if needed. Yeah it will screw with their international standing, but at this point, that is almost a given.
@azurecliff8709
@azurecliff8709 10 месяцев назад
This is what is called a debt trap. The Chinese government is offering Montenegro a huge loan that it will not be able to repay, with the aim of seizing Montenegro's state-owned assets as a result. That is, the colonization of Montenegro.
@showsnooker9285
@showsnooker9285 10 месяцев назад
我问你一个问题,难道项目开始前,他们没讨讨论过融资问题,条件如何?难道没有合同?难道你没钱支付,中国要免费帮你?中国公司不要运营?中国人不要吃饭?
@tommymiddlefinger1283
@tommymiddlefinger1283 11 месяцев назад
It's not a Chinese highway but a Chinese built highway. It's a Montenegro highway since the government agreed to have it built for a certain price. Why they bought something they can't afford should be answered by the government.
@user-dr6ul9mv9z
@user-dr6ul9mv9z 11 месяцев назад
Why EU don't help Montenegro build the bridge? That's ridiculous
@jacksonghia3468
@jacksonghia3468 11 месяцев назад
How about the benefits the highway brings.
@Carewolf
@Carewolf 10 месяцев назад
That was literally the first things mentioned in the video before they got to the downsides....
@geminienigma4421
@geminienigma4421 11 месяцев назад
They never heard of made in china 😅😅😅 tofu projects
@IamHandsome4u
@IamHandsome4u 11 месяцев назад
Oceangate submarine and titanic entered the chat.🤣🤣
@wallacekatini3424
@wallacekatini3424 11 месяцев назад
Go rim your mother's 🍑😂😂
@ivanstrle346
@ivanstrle346 10 месяцев назад
In Slovenija this highway would cost 3B€. Great job Montenegro. Don't stop and proceed with highway to Serbian border.
@pokehunter7078
@pokehunter7078 11 месяцев назад
How is this not Montenegro Government's fault and responsibility to govern what happens in their own country?
@pito6979
@pito6979 11 месяцев назад
If west won the project, no one will complain 😂
@uchennaabosi7651
@uchennaabosi7651 11 месяцев назад
No one is complaining except them, I am sure majority of the people in Montenegro are delighted with the project.
@quandmeme9970
@quandmeme9970 11 месяцев назад
​@@uchennaabosi7651even if this is true, most people are dumb, and Montenegro has low average iq, so even more people are dumber than in countries with average iq 100. ''Intelligence" and understanding of more complex ideas starts more or less with IQ 120.
@happymelon7129
@happymelon7129 11 месяцев назад
Most likely still not complete after 20years
@samsonsoturian6013
@samsonsoturian6013 11 месяцев назад
A curious remark since the EU refused to give the loan as they didn't think the investment would pay off. China, however, is one big ponzi scheme
@ibrahimtouman2279
@ibrahimtouman2279 11 месяцев назад
I felt from the report that someone in the EU is unhappy because Montenegro decided to cooperate with China in building modern infrastructure!! I have seen a report on the Chinese CGTN RU-vid channel about this particular Montenegrin highway, it is a whole different story over there.. I recommend everyone to listen to the other side before judging!!
@nenasiek
@nenasiek 11 месяцев назад
Think its about corruption and poor economics, but hey what do i know, its not like anything has been shady when it comes to China..
@sulaak
@sulaak 11 месяцев назад
That is the problem in the West, always complaining about the Chinese. The Montenegro government should have imposed environment standards.
@FrVitoBe
@FrVitoBe 11 месяцев назад
like there are no floods in china, i really like the news over there always very positive
@blanamaxima
@blanamaxima 11 месяцев назад
How much do they pay you ?
@FarsightAE
@FarsightAE 11 месяцев назад
Lol. Even montenegro regrets it and have begged EU to take over the loan.
@pakde8002
@pakde8002 11 месяцев назад
Let me guess, the Chinese underbid the project then after they started said due to uncontrollable circumstances the costs tripled but no worries we'll lend you the money. Same thing happened in Indonesia with the high speed rail project that tripled in cost due to the pandemic. Ironic isn't it.
@buixote
@buixote 11 месяцев назад
Same thing happens in the US, except the rail never gets built.
@siamcharm7904
@siamcharm7904 11 месяцев назад
the loan has been forgiven.
@sugarsweethoney3078
@sugarsweethoney3078 11 месяцев назад
This is what happened all over the West including the UK. They've been talking about building a high speed rail from North to South for about 10+ years. They have wasted countless sums of money and time into all kinds of investigations (finance, economic, climate, environment etc) so many debates and people arguing about everything and till now nothing has been built while the old system is crumbling away and costs a fortune for its upkeep.
@xinbozhang7206
@xinbozhang7206 11 месяцев назад
The increase in the construction cost of Indonesia's high-speed rail is because your president suspended the construction of the project for the election, and the impact of the epidemic has greatly delayed the construction period.
@cristibrad6742
@cristibrad6742 11 месяцев назад
that is how ALL construction is done in weak (minded) countries is being done, not just with chinese contractors.
@straussbolkonsky
@straussbolkonsky 9 месяцев назад
Developing countries are not mindless zombies who can't make their own decisions, if a bank offers you a loan to buy a house and you buy a big house, but then you regret it, that's not the fault of the bank but yours. The same applies to developing countries. In Chile we have accepted and paid several Chinese loans without any problem at all.
@AnitaCorbett
@AnitaCorbett 11 месяцев назад
A VERY FRIGHTENING SCENARIO
@bcatbb2896
@bcatbb2896 11 месяцев назад
It’s never smart to rely solely on one source of income or loans Just simple money management but then again, when the bling bling is showing, such logic flies out the windows
@jungbolosse3034
@jungbolosse3034 11 месяцев назад
I smell à bitcoin scam
@notright7
@notright7 11 месяцев назад
@@jungbolosse3034 have you never heard the saying never put all your eggs in one basket? This is what they are talking about. The majority of people and business never put there money in just one thing.
@JonasWilms
@JonasWilms 11 месяцев назад
​@@notright7The OG posters comment starts like one of these "Bitcoin passive income" scam threats.
@bcatbb2896
@bcatbb2896 11 месяцев назад
@@jungbolosse3034 wow, i did come off like a bitcoin scam didn't I lol
@hoanglannguyen5871
@hoanglannguyen5871 11 месяцев назад
Someone in Montenegro got back pay handsomely for the tunnel n road that's why it was built - chinese companies d don't worry abt environmental damage - it's not their country
@borapetrovic1957
@borapetrovic1957 10 месяцев назад
well the west is building roads in north macedonia at a price 5 times biger then germany pays germans to build it at german standards, its a good thing china exist so we dont have to pay colony prices for simple things
@happymelon7129
@happymelon7129 11 месяцев назад
When the U$A says they want to help you by building infrastructure in your country, they don't mean hospitals, roads, schools, etc. They mean military bases. --island country saying
@soothinglycool9806
@soothinglycool9806 11 месяцев назад
And china doesn't want to build or capture ports across the globe?!?
@happymelon7129
@happymelon7129 11 месяцев назад
19-8-2023 China-built stadium for Pacific Games 2023 handed over to Solomon Islands Solomon Islands Prime Minister Manasseh Sogavare said at the ceremony that the 2023 Pacific Games Stadium Project is "a gift" from the government and people of China to the government and people of the Solomon Islands. "Today this relationship is taken to new heights as we witness the handing over of the facilities to our country and to our people," he said. "This is a symbol of the China-Solomon Islands friendship and a source of pride for the people of the Solomon Islands," said Chinese Ambassador to the Solomon Islands Li Ming. "It is a significant achievement of the joint construction of the Belt and Road Initiative between China and the Solomon Islands."
@Western_Decline
@Western_Decline 11 месяцев назад
China builds schools, hospitals, and roads. US builds military bases and “maritime security cooperation” 😂. Shameless empire.
@astamano1274
@astamano1274 11 месяцев назад
Lol, everyone wants those military bases, the USA doesn’t even have to ask them, Einstein 😂😂
@happymelon7129
@happymelon7129 11 месяцев назад
@@astamano1274 since WW2, Germany has not been a sovereign country. 24-6-2023 Thousands have gathered in southwestern German town Ramstein to protest against U$ military hegemony and demanded the U$ military to withdraw from Germany. France: You are only vessel state if someone else allows to establish military bases in your territory.
@makedredd299
@makedredd299 11 месяцев назад
Montenegro is about to find out about CCP’s tofu bridge constructions in 5 to 10 years. That’s how long it usually takes for highway bridges in China to collapse.
@Iceyfire12
@Iceyfire12 11 месяцев назад
Sure lol then their entire system would’ve failed by now!
@reis1185
@reis1185 11 месяцев назад
Cope harder
@makedredd299
@makedredd299 11 месяцев назад
@@Iceyfire12Tell that to Everdebt!
@IamHandsome4u
@IamHandsome4u 11 месяцев назад
Oceangate submarine and titanic entered the chat.🤣🤣
@Iceyfire12
@Iceyfire12 11 месяцев назад
@@makedredd299 tell that to Pfizer who has 12 branches (laboratories) in China Pre COVID 😂! The American Bio Tech Company that made easily 100 billion at the cost of a worldwide democratic, the one that has a plethora of scandals since it’s conception, the one where an executive of R&D excitedly wanted to mutate COVID further secretly recorded at a dinner 😆!
@TheeCommentSection
@TheeCommentSection 3 месяца назад
She works for an “NGO”
@kongwee1978
@kongwee1978 11 месяцев назад
Everyday one million euros cross the roads as good and services, one billion is nothing.
@jimbo-dev
@jimbo-dev 11 месяцев назад
I encourage doing big infrastructure projects and I expect that those will change the environment, but huge new car infrastructure in 2023? And with a loan from China plus the unnecessary dumping of stuff? Doesn't really make sense. More modest train tunnel/upgrade would probably have been a bit cheaper, frienddlier to environment, while still hugely beneficial to the local economy 🤔
@reis1185
@reis1185 11 месяцев назад
You can't build trains without the roads first, Montenegro masterplan is not car-centric
@r0manovic
@r0manovic 11 месяцев назад
What do you mean exactly?
@jkardez4794
@jkardez4794 11 месяцев назад
Some politician made a lot of money selling infrastructure snake oil . Chinese loans are toxic .
@Mr820121
@Mr820121 11 месяцев назад
The plan is to connect Serbia and Montenegro. This will cut travel times and boost investments. Linking port of Bar to the European highway system.
@katarinastaub3996
@katarinastaub3996 11 месяцев назад
Hallooo.. its Balkan.. no one there cares for environment
@williamlai29
@williamlai29 11 месяцев назад
So building roads that brings in more income to the populace and shorten travel time is a sin? Any major form of construction will create some waste. This is like telling me I like to drive a car with zero carbon footprint, the moment the car is made the carbon footprint is already there. It is a trade off anyone have to face and think about before buying (NOT AFTER).
@aj3314
@aj3314 11 месяцев назад
Nah don't worry, all this negative things it's because China built it If some western countries did the same project with ten times a price, it would've been ok
@ruzicas.5819
@ruzicas.5819 10 месяцев назад
41 km is built. Whole road is 270 km. No money for extension. Great deal and smart move. No.😢
@aj3314
@aj3314 10 месяцев назад
@ruzicas.5819 I mean the rest of it would be built with the Western good and transparent companies So you shouldn't be worried
@thealiaria
@thealiaria 11 месяцев назад
The problem isn't with the Chinese, it's with the government of Montenegro that can not handle safe waste management and naturalization of the river bed
@Dam-a-fence
@Dam-a-fence 11 месяцев назад
One thing to blame encompasses little, mind you your aspirations. They betray you.
@jont2576
@jont2576 11 месяцев назад
1 billion would buy u 2km of highway in us or europe.....my country Singapore paid 5 billion for a 5km long underwater highway lmao that is literally 1 million dollar per meter of highway, u could literally pave the road with 24 carat gold......forget about getting 1km of highway for 25 million dollars,.......there is no country in the developed world where u can get a highway that cheap........the hsr in california is already slated to cost between $88 billion and $128 billion,u could literally build an entire small size city for a couple million people with that kind of money.
@lloyddeogratius902
@lloyddeogratius902 11 месяцев назад
Infrastructure is vital for any country’s economic development. Criticizing the Chinese for offering loans and get this project done does not make any sense at all!! You should be happy for the local people seeing boosts economically than criticizing.
@IamHandsome4u
@IamHandsome4u 11 месяцев назад
This is a western media, wt else can u expect, they always whine on china. LOL.
@CorporalCookie
@CorporalCookie 11 месяцев назад
So what you are saying that Montenegro should say nothing about the dumping into the rivers because... Just because?
@joemosely9383
@joemosely9383 11 месяцев назад
@@IamHandsome4u Why Do your Speak English ?
@pakde8002
@pakde8002 11 месяцев назад
Thanks Mr Xi for your input to the conversation
@IamHandsome4u
@IamHandsome4u 11 месяцев назад
@@joemosely9383 you*
@kalafinwe5498
@kalafinwe5498 10 месяцев назад
I went on a family trip in Montenegro when I was a kid. We went to the sea because it is beautiful. I was stunned when I saw so many chinese kids and adults, and was even MORE stunned when I heard them speak serbian. They spoke as well as I did, and I asked my cousin why they are here, and he told me they are the kids of chinese investors who came to live in Montenegro. There were at least 300 chinese kids on that beach, that means there are even more chinese families who immigrated there.
@davidyan1267
@davidyan1267 10 месяцев назад
So what is your point?
@harysastra
@harysastra 10 месяцев назад
so what's the problem ? Do you hate chinese too ?
@aftabfremont
@aftabfremont 10 месяцев назад
I visited Podgorica in 2014 for Telecom Project. People were loving and it was super safe. I used to walk back home after office. I lived there for two months but memories are still there for their love and care.
@onikin
@onikin 11 месяцев назад
Government corruption is how these deals happen, and is the main reason why they'll never enter the EU. The road is only 1/4 done but already costs $1,500 per Montenegro citizen. It's only used 1/4 as much as it needs to be to be economically viable. They hope it'll provide more economic benefits 10-20 years into the future, but it's a huge gamble what they are doing.
@SeeLasSee
@SeeLasSee 11 месяцев назад
China is a country of deep debt itself and one that encourages others to become indebted. It will take a while for this reputation to catch up with them, but it will. Attitudes towards China will be much more skeptical by 2035.
@comrade9374
@comrade9374 11 месяцев назад
People needs road and China builds
@SeeLasSee
@SeeLasSee 11 месяцев назад
@@comrade9374does China need 60 million empty apartments that Never will be occupied? More infrastructure is not always the right choice. It must be balanced with education, healthcare and retirement spending.
@ahmadimran6231
@ahmadimran6231 11 месяцев назад
In the top 10 economies by GDP, China has one of the most balanced debt to gdp and growth rate. In terms of PPP, its already far above the US. attitudes towards the US are more questioned as of now. This China-phobia europe has, dictated by the US has to go.
@ahmadimran6231
@ahmadimran6231 11 месяцев назад
@@SeeLasSeeConsider China and the US. China has a 99% literacy rate whereas US has 80%. Healthcare of US is already an international joke, not to mention retirement spending will be worse given its 31 trillion dollar debt. US will be in trouble if dollar is replaced as reserve currency.
@ericyuan9718
@ericyuan9718 11 месяцев назад
@@comrade9374 spoken like a true loan shark.
@rajarora2097
@rajarora2097 11 месяцев назад
The bottom line while EU is thinking and continuous to think , while China came for few months and built it
@sergeykish
@sergeykish 11 месяцев назад
China grabs assets for failed loans, EU evaluates loans so they could be payed.
@reapermadness7196
@reapermadness7196 11 месяцев назад
The EU is run by racist imperialist garbage. Purge Europe from the rest of the world and all will be better.
@talkinghand4839
@talkinghand4839 11 месяцев назад
Yes, they are famous for that quick bang job. Like complete 5 levels story building in one day. And I think there's a name for that, tofu drege?
@AlmirOmeragic-pj3zx
@AlmirOmeragic-pj3zx 11 месяцев назад
Yes, let's see how much of that Chinese highway is still usable and safe for driving within the next 5-10 years. I read all the time about Chinese failed megaprojects in mainland China also known as Tofu buildings. Whole living blocks of building collapsing, cars falling into pits on newly built roads and constant floodings because nobody bothered to build proper drainage of infrastructure. Low quality steel and cement and cutting corners wherever possible.
@cristibrad6742
@cristibrad6742 11 месяцев назад
I'd rather build it slower as the world will not end and instead after building something to forget about it for 20yrs outside a major catastrophe. The cost for maintaining, repairing, rebuilding will be way bigger than jut building it properly the first time.
@TalwinderDhillonTravels
@TalwinderDhillonTravels 10 месяцев назад
Hahah that ice cream shop is how they’ll pay back the loan 🤣🤣
@jzeng2022
@jzeng2022 10 месяцев назад
It seems that the people in that small town should be permanently isolated from the outside world. It is clear that the road crosses the river with a bridge, but it is blamed on the highway for causing the river to stop flowing. The interviewee is even more ridiculous. Anyone with a little common sense knows that in the water The concrete will solidify quickly, and the uncondensed concrete will soon segregate into sandstones and sink to the bottom of the river under the action of water. How can it solidify on the gills of fish. If you find a few discarded steel bars and call it a garbage dump, go check some of the rivers in Germany and see what you can find?