15th July 2014

http://www.trust.org/item/20140715205110-works/

China Communications Construction Company fraudulently awarded a half billion dollar contract. Costs inflated to double the normal rate.

…..

http://daphnecaruanagalizia.com/2014/01/well-now-we-know-why-joe-bannister-let-his-name-and-that-of-the-malta-financial-services-authority-to-joseph-muscats-scheme-to-sell-passports/

Blacklisted Shiv Nair’s client, the blacklisted China Communication Construction Company, is notorious for jacking up project costs.

The did it in The Phillipines, in Jamaica, In Kenya, in Bangladesh, in Guyana, in China, and in Sri Lanka.

This is the company with which Muscat signed an MOU on a permanent link across the Gozo channel. He announced they will take on other major infrastructure projects too.

The port authority chairman was sentenced to death. The company chairman moved to another state enterprise. Democracy, Chinese style.

Both companies were named in a corruption trail from China to Bangladesh, Jamaica and Guyana involving Chinese EXIM credit.

Why not Malta too?

Blacklisted China Communication Construction Company has an MOU with Muscat on several major infrastructure projects. Its subsidiary blacklisted China Harbour Engineering Company will likely be assigned to execute some or all of the projects.

Blacklisted Shiv Nair specialises in developing major infrastructure projects financed by Chinese EXIM credit.

http://www.kaieteurnewsonline.com/2012/06/08/chinese-official-sentenced-to-death-taking-bribes-from-cjia-contractor/

Well said Don Camillo.

It takes just one thrown pebble to start a ripple effect, but we need that one pebble desperately.

However, faced with all this deafening silence, I presume that the PN is lying dormant only to make a big come back nearer election time. Though, if people keep looking for what might make their purses fatter, and be gullible to all the lies and false justifications Joseph Muscat and Co. will surely come up with, then we are most likely to end up with another PL legislature.

When one reckons that what might have tipped the scales so much in favour of the PL was the Electricity Reduction issue, it leaves us with little faith in the electorate’s maturity.

Ok, let us analyse it this way.

China has perfected the art of doing business deals relating to infrastructure projects – only in its interest of course.

Let’s take the example of a bridge.

China not only engages itself in the business of building bridges, but it is also in the business of providing loans to help customers buy a bridge from China.

So in one leg, China offers to build a bridge, and in the second leg, China offers to provide the finance to build that bridge.

At this point, the customer sees a complete easy solution to the need (if there is one) for a bridge.

Of course, instead of a bridge it could be a breakwater or a monorail…

At the end, China gets three deals out of one:

1. China sells a bridge – this is done through its corrupt businesses like CCCC.

2. China bags a loan to the customer, on which China gets interest earnings and loan repayments. This is done through its banking arms like the China EXIM Bank or the African Development Bank.

3. China enslaves the customer through the loan and the infrastructural commitments – although the customer would normally claim that China has made a big “investment” in the country.

Is there any other sovereign state in the world which does business this way?

It is no wonder that the system gets infested with corruption, when you have so much concentration of power, conflicts of interst, absence of private enterprise, no separation of roles and so on.

hi CiVi…on same note please see my post above

The PN got the message (well they actually had indicators even well before the election) that they needed to mend and change their ways rapidly.

We were promised from Joe Saliba days that the PN would listen to the grassroots and they needed to put their ears to the ground. It continued with Paul Borg Olivier and now with Chris Said. Somehow the ears got stuck to the ground and they heard nothing else.

After the last elections (even the EU one, dont forget that too) we had the PN leadership acting again apologetically, which was understandable.

But are we to continue hearing the same apologies and promises in an endless loop? The Opposition must have by now not only examined the doings and misdoings of the past, but moved on to a new strategy to tackle the party in Government and stop it dead on its track of governing us so obscenely.

The Opposition has also a very daunting challenge in informing and educating the politically blind supporters whose infirmity is allowing their masters to lead them wherever they (the masters) want, at their expense.

I do not wish to harp on the reasons why the PL is in power when it should not have been there. People do make mistakes (intentional and not) and now they, and unfortunately many blameless others, will live to regret it.

However we all recognise that we have to move on and a strong opposition must somehow materialise. We expect to see a new kind of politics from the PN, and this can only come from a right mix of people from the PN stable. Let them analyse and plan what they have to do, but do it they must, and fast. For the sake of all Maltese of goodwill who see the worst side of this government.

So it is not a question of anybody getting what he deserves. We should not be in this deep well. We must help each other climb up the walls of this deep pit, step by step, until we say we can see the light. The PN must play the leading role in this ‘mixja ghal-helsien’. Many are depending on this. If the PN leadership do not show their balls now, they can go and play fiddle in id-Dar Centrali until new digital recording media are discovered.

The first person Muscat met in China was Liu Qitao, president of blacklisted China Communications Construction Company and secretary of the China Communist Party.

Later, he met Chinese bank officials (state-owned, led by party men) who nailed him on financing large scale projects in Malta using China’s money.

Breakwaters don’t provide a provide a direct financial return on investment. A bridge might, if it carries heavy traffic over a span of 50 years and doesn’t collapse in the meantime, as some of CCCC’s bridges did.

Who’s doing the infrastructural work for the new power station and in Marsaxlokk, who’s financing it, and who’s getting a cut?