Taking a Loan from a country is also as same as taking a loan from a Finance company/ Bank. They will look at the credit worthiness of the country before granting the loan and whether it could be recovered.
If we did not look at the feasibility at the time of taking the loan for the port it is the fault of srilanka.
If an individual take a housing loan to build a house in his own land and if he fails to pay the installment, the bank will take over the entire property including the land to recover their investment.
To safeguard our land there is nothing else srilanka could do. This is what UNP govt. did.
Is there a better option ????
China had done similar things to some other countries as well.
Your explanation has some value.
That's why I intended to add my ideas.
I think what you have taken as the example is more fit for an individual person. But for a country with different sources of income and with plans with different timing you can go beyond that IF you want and if you have a broader vision.
Balancing debt and repayment is more complex for a country. You should not link income and outflow directly with each affair.
I do not like to write further .
To indicate what I am trying to say...,
I worked for a company many years ago and they were big contractors in a Airport building project. That country had one of biggest ap of the region but they were making a bigger one elsewhere.
Now 10 years gone, they are still operating old one as the main ap. They planned the next one for 20 year future needs. If they start building it now the cost will be much higher and create big burden on yearly budget. They did main features first and will go for electronic and sophisticate items at later stages.
They obtained massive loans and repayment is done annually. Still they are not getting direct income from the new ap.
If you analyse debt and yearly progress achieved in income generation in our country you will see we were not in red 2 yeas ago.
If you deviate from an original plan due to natural cause or due to man made reasons then you may go into danger . Because you can reduce inflow but cannot reduce debt or commitments. Unfortunately , I think it is happening in this country.
This is how I think. Different people adopt different ways. Some do not take risks and take each item separately.
China had done similar things to some other countries as well