Doubtful RM2 Company to Handle RM8 billion of Projects in Penang

213The project is worth RM8 billion. But the company awarded the project to construct road and undersea tunnel projects in Penang is only a RM2 company.

Yes a RM2 company. The Malaysia-China consortium does not even have a RM20,000 paid-up capital not to mention even RM200,000 or RM2 million paid-up capital to reflect the enormous size of the project it is undertaking.

It only goes to show the level of commitment the consortium has for the project of such magnitude.

If the total amount of shareholder capital that has been paid in full by shareholders is a mere RM2, it speaks volume of the seriousness of the shareholders of the company involved in the project.

Of course the argument is that there will be capital injection into the consortium once they have officially been awarded the four infrastructure projects.

Right now, only flimsy details are available and that the revelation of the mega projects was kinda sudden, giving the impression that it has been hushed up until the last minute to bulldoze it through with the approach of the general election.

The projects include a 6.5km Gurney Drive-Bagan Ajam undersea tunnel, a 4.2km Gurney Drive-Lebuhraya Tun Dr Lim Chong Eu bypass, a 4.6km Lebuhraya Tun Dr Lim Chong Eu-Bandar Baru Air Itam bypass and 12km road connecting Tanjung Bungah and Teluk Bahang.

It is interesting to note that it is the best kept secret until recently when Lim Guan Eng announced that Consortium Zenith BUCG Sdn Bhd had been awarded the tender to construct the road and undersea tunnel projects.

This does not auger well, especially when DAP has been professing that they hold steadfastly to their ideals of a Competent, Accountable and Transparent government. Cakap tak Serupa bikin!

The announcement smacks of arrogance of the Chief Minister and his attitude of non consultation with the people of Penang who are stakeholders. Perhaps being from Johor, he is insensitive to the feelings of Penangites.

The abrupt revelation of the project reflects the growing high handedness of Guan Eng’s  administration and the declining responsiveness to public policy preferences.

Guan Eng has clearly and openly defied the need to ensure that policies and projects that affect the people should mirror public opinion.

There is no need for a third link when the second bridge is near completion. Why spend billions of ringgit of tax payers money to have an undersea tunnel.

Moreover the livelihood of thousands of fishermen will be affected with any deep sea works being carried out for the project. The ecology and breeding grounds of the sea will also be affected thus rendering wanton damage to marine life and the eco system.

And it is preposterous and outrageous that there will also be toll charges at the third link. The concession period will be for 30 years and the toll charges would be similar to the second Penang bridge.

This is an outright breach of promise by Pakatan Rakyat. Its recently released manifesto says that tolls would be abolished. Guan Eng had probably not read the manifesto.

Guan Eng should also make public the plans of the consortium which would be given 44.51 ha (110 acres) of reclaimed land in Tanjung Pinang, a prime location on the northern shores of Penang.

Already there are massive traffic jams in the area. Further development in the area would only aggravate the already worsening traffic situation.

Following a chorus of protests over the mega projects, a defensive Guan Eng says that he would leave it to the 1.6 million populace in Penang to decide.

It is most ridiculous for Guan Eng to use the general election as a referendum as an endorsement for the RM8 bil projects.

In doing that, he is trying to circumvent the whole issue and to defy public’ perception and desire for the projects to be shelved.

CAT is no longer Competency, Accountability and Transparency. Now it stands for Cunning, Annoying and Tak Tahu or Cocky, Arrogant and Tokong.

Guan Eng, please do not at your whims and fancies turn Penang into a concrete jungle.

The people of Penang still wants the island to retain its aesthetic charm and not one which is dotted by skyscrapers and confronted with horrendous traffic nightmares.

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50 Responses to Doubtful RM2 Company to Handle RM8 billion of Projects in Penang

  1. Anonymous says:

    Stupid Lim Guan Eng tries to justify it saying that the RM2 company is backed by a consortium having assets worth billions of Ringgit. But the fact remains he awarded the billion Ringgit project to a RM2 company. How stupid is that.

    He should have chosen the biggest of the consortium members and awarded it to them. Let them fight it out on who gets what. After all, awarded to a RM2 company, they will still have to fight it out who gets what.

    But then a tokong is a tokong is a tokong forever. Good, it provides us with fodder. To whack him until he goes down under.

    • PGayR says:

      This is all due to the upbringing. Always criticise what other do but he himself don’t know what actually required to implement an effective way tO achieve their objective. Did LGE know that even if the RM2 paid up company is backed up by their parent/holding company huge assets but under the law if the company went burst or bankrupt then their expose liabilities is only RM2. And that’s for a security for a RM8 billion job.
      Secondly, why award to a consortium that got 4 companies which 2 of the company owned 10% equities each. Do it smell some hanky panky around or some proxy company or crony holding on behalf issue.
      Thirdly, does it fit our national policy of requiring at least 30% Bumiputra equit hOlding.

      • Anon says:

        That fler doesn’t care about NEP. He and DAP want to get rid NEP. DAP known to be anti-Malay and anti-Islam.

        Malaysian Malaysia slogan want equality but not acknowledge Special Position of Malays and Bumiputeras of Sabah and Sarawak. Seditious election campaign 1969 and very bad acts and words during celebration getting more seats at GE 1969. They caused the race riots of 13 May 1969.

        Don’t give them votes. Racist and trouble making party.

    • Equalizer says:

      After having gone through the reliability records of Tokong Lim aka Big Bullshitter, I hereby declared and announced that this project by him is all but a DRAMA aka SENDIWARA.

      Nearly 5 yrs, sitting comfortably and doing nothing for Penang except playing politics, as a dirty strategist, he must come out with something big for Penang to show he is working.

      Of course any human with brains will tell you that this is going to be wasteful project as we have already 2 bridges connecting a small island of Penang. People will protest. That’s what he want. Then he will slowly and surely tell the people of Penang that since they have protested on this project, he will defer or cancel it. He will always listen to the people. Very heart warming.

      This strategy of getting peoples’ emotional support to be near to their dear leader, is a very old communist psychological strategy. In modern term this is call “BLUFF TO GET SYMPATHY” aka “BULLSHIT TO GET SUPPORT”.

      Well, many Penangites will fall prey to this strategy as this strategy warms their hearts but many too, especially the more educated and well-informed, had started to question him and this really irritated him to the extend that he started to use threats of them to shut them out. Another communist strategy applied.

      In conclusion, anybody to bet that I say this undersea tunnel project will never materialize.

    • anon says:

      Was there any tender exercise called?

      Was there?

      2. Who are the people behind the RM2 company?
      Deep enough pocket or financial backing to carry it through?
      Due dilligence done on transparency of approval process?

      3. Is there any due diligence to ensure the price quoted and awarded matches the market cost or best price available for the best product delivered, for the sake of tax payers money?

      4. Any prior official study on the necessity of the tunnel?


      • Anonymous says:

        Where got official study. Like North Korea, the Great Leader wakes up one morning feeling he wants a particular project carried out, it gets done lah.

        The Kim Guan Eng had a nice chat with Rainbow one evening, next day wanted to dig a tunnel under the sea lah.

  2. Anonymous says:

    And the project is a stupid one, anyway. A Town and Regional Planning Expert and University Lecturer, Assoc Prof Ahmad Fuzi Arshad of UiTM, said the project is “IRRELEVANT: The current infrastructure is good for another 20 years, the problem lies in the lack of public transport” in Penang.

    “I do not see the need for this tunnel for the next 20 years as the Penang Bridge and the second bridge project are sufficient for now,” he said.

    “The project is a difficult promise to deliver as a tunnel costs more than a bridge and will surely need Federal government allocations and involve the Land Public Transport Commission.”

    Farhan, who is dean and professor in transport studies at USM’s School of Civil Engneering, said Penang needs an efficient public transport system to tackle the traffic gridlock, adding that it was the only solution to the bumper-to-bumper problem.

    He said Penang would require either an LRT system or a monorail system to ease the congestion. He recommended a well-designed rail-based system to be integrated with an extensive bus system starting on the island.

    • Servant of God says:

      How typical of a PR person. When faced with a difficult situation, distract people and go off on a tangent!

      Seriously, is this how they want to win our votes?

      Reject PR. Vote BN.

    • Just an old timer says:

      That Kim Guan Eng has his back-up plan you know. Even before we realized it, he already said, “That LRT/MRT cannotlah, tram is better!”
      Actually he heard some stories, maybe from Mr. Phee about that long ago Penang tram and he syiok already, never been on one and never seen one in Penang, so what the heck if the environmental impact studies shoot down his tunnel, he can get a new toy, ‘a tram…a tram!’ like in Fantasy Island, see.
      Penang mali manyak best wooo….got rainbow, got hill railway now maybe getting tram.
      Itu Melaka ka, Batu Pahat ka, what got?

  3. Anonymous says:

    Hold your horses guys….come on!!! Our great LGE is a top notch accountant. How can you say he hasn’t made his computations….he may be a FAILED Malaysian, communicator, leader, strategist, citizen, orator, husband, father, son. He may also be a failed politician but you cannot deny that he is/was and accountant even thou he cannot count properly.

    We should give him another chance..another chance to fumble and embarrass himself and for the world at large to see his stupidity, his inflated ego, his incompetencies, weaknesses, and of course his incapabilities and by then we can confirm that he does not deserve to be elected at all, what more to become CM of Pulau Pinang ….How??? can accept or not

    • Anon says:

      Agree. That’s why Dato Najib wait until last minute to call for GE13. Want Tokong and Butt man to make more stupid statements for voters to laugh at.

    • Korean Fan says:

      The only thing he doesn’t fail is to build a group of cybertroopers and blind supporters to trash anyone who criticize him. He also has a team of polisher who would paste his face all over their publications, billboards and tell people how he will KEK SAI to serve the public.

  4. Anonymas says:

    A sockpuppet company?

  5. MacDavid says:

    If BN were to be caught in this type of deals, some people would surely suggest for a RCI. Other people do, cannot. If DAP do, sap sap soi.

    Haiyya, cakap tak serupa bikin.

  6. linpehkong says:

    How come so many cannot understand that transparency only applies to others. BiaDAP are measured with different standards lah. Only others have to adopt open and transparent bidding — Tokong can hold bid in KTV room — you people do not know how to do business lah. 3 KTV girls bid, then this 2 ringgit company also bid and won. The girls have to bottom up and take off the upper half when they lost.

  7. linpehkong says:

    Diversion from topic.
    The Chen Sui Bian look and act alike “Lau Chua” said that he was misquoted – by their own opposition Daily. How convenient an excuse. Looks like it is lifted fresh off their book of 1001 excuses. If it was our National Media he will probably say sabotage by the media. These people are not that smart and keep tripping on their own tongues – but it is the people who continue to believe these clowns that we should have sympathy for.

  8. Anon says:

    Saiful’s father says Sodomy II an ‘evil conspiracy’, apologises to Anwar

    KUALA LUMPUR, March 8 — The father of Saiful Bukhari Azlan publicly admitted today that Datuk Seri Anwar Ibrahim’s second sodomy charge was an “evil political conspiracy” involving his son.

    In a heavily-guarded press conference here, the 60-year-old Azlan Mohd Lazim alleged that the conspiracy was planned by a special officer in the Prime Minister’s Department and was engineered to tarnish Anwar’s image with another sodomy charge, the opposition leader’s second since he lost his post in government in 1998.

    Azlan, who was not with his son at the press conference called by PKR’s Johari Abdul, apologised to Anwar and his family over the incident, admitting the episode had put them through much pain and suffering.

    “It was a political conspiracy to charge Anwar for the second time. I apologise to Anwar and his family,” he said.

    On January 9 last year, the High Court acquitted and discharged Anwar of sodomising Mohd Saiful, 27, at a Desa Damansara condominium unit in Bukit Damansara here between 3.10pm and 4.30pm on June 26, 2008.

    Anwar, 65, was charged under section 377B of the Penal Code, which carries a jail sentence of up to 20 years and whipping upon conviction.

    Hahah, Saiful Pondan, you got it wrong. You got shafted by Najib kot….. stupid BN and BN dogs…

    • Fakin' Fake Calvin says:

      Praise Allah! Praise The Lord! Hallelujah! He has seen the light!

      Pathological, bare faced liars!!!

      What’s next? Withdrawing sumpah laknat? Put in an application first before his case is heard when he dies. He should he charged for contempt of court for giving “false evidence” at the trial.

      Wonder how many acres were given to “the honorable & trustworthy gentleman” Azlan for a recantation of his earlier statements? Or did gallons of Kool-aid did the trick?

    • Anonymous says:

      Who was the victim? Father or son?

    • A says:

      Stupid Anon 2:29 pm for copy pasting this news report.

      The stupid father doesn’t even know that the Sodomy II case is under Appeal, Anwar is not free from the charges yet.

      Maybe the old man has been paid by Awar’s goons to say those things, he grabbed the money without even thinking that the son might indeed have been sodomized as determined by the law.

    • Servant of God says:

      Could you kindly provide a link to the source of this news.

      Many months ago, Saiful’s father was very determined in his quest to get justice for his son. This is completely different. Would really appreciate the source.

      Thank you.

    • Lisa says:

      Where is the location of the story, plus which news agency has reported it. Or is this just another Mkini make up story.

    • Servant of God says:

      C’mon man, how difficult is it to paste the link to the story so that we can see for ourselves? So hurry up and paste laa…

    • Anonymas says:

      Anwar himself accidentally admitted, because one of his defenses in court was

      Translation: “Yeah I did buttrape him, but….he didn’t fight. Honest”

      Also, his (estranged) dad confessing does not mean anything. He wasn’t the one buttraped, it’s his son. And he didn’t even use sumpah laknat as in Islamic guidelines. So it’s just a diversion from his Lahad Datu incident

  9. Calvin Sankaran says:

    Was there a victim in the 1st place?
    The judge didn’t think so. Only you thought there was a ” victim “

    • Anon says:

      You should be sodomized by Anwar. Then you know who is the victim in the 123rd place – he has done that to 122 others maybe.

      Which judge you talking mister? the judges of Appeal court Sodomy I said Anwar did sodomize, though they let him go on”technical grounds”.

      Sodomy II trial not finished yet, you dunno ha? Prosecutor appealed you didn’t read ah?

    • linpehkong says:

      Handsome young guy join party maybe 2 weeks and taken for overseas trip. Then he may have willingly allowed the rear admiral to poke his rear end after sweet talk and promises — otherwise how did they find the sodomite’s DNA inside his behind. Now just like pacartoon’s promises, they were not fulfilled so he screamed. According to you when the 11 year old girl willingly allow you to stick your dirty one inch inside her that is not rape — because she was willing. Cheap father easily bought with some money and land if the report is true.

  10. Anonymous says:

    Siapa yang buat aduan? Bapak ke Anak? Betul ke sorang aje yg ingat Saiful tu kena liwat?

  11. Cry for Penang says:

    Pakatoons diversion from topic again.

  12. true penang says:

    nice… another new drama with pakatan…. would be good to hear from Saiful and not the father… Reckon there’ll be more nasty things soon since GE 13 is around the corner…

  13. Korean Fan says:

    We have been seeing that one by one of Anwar’s dramas are unfolded and backfired to them. From Altantuya, Bala to Raja Petra. We just have to wait and see. But message has been circulating from Saiful that he is still persistent with his claim.

    • Anonymous says:

      No worry. There’s the Appeal Court. Then the highest court of the land – the Federal Court (any more in between Appeal and Federal Courts?).

      The DPP at Sodomy II was a lousy son of a gun, no principle, didn’t declare his intention to join Anwar, PKR or Fuckatan. So he purposely didn’t prosecute well, didn’t prepare his case properly, didn’t look for the smoking gun, or a gun that appeared smoking to the judge. So, he lost the case, happily, and Anwar won. To the surprise of even Anwar himself – the bugger even started a road show asking the public to pray for him, to demonstrate, etc, against his anticipated conviction.

      That son of a gun DPP joined the defence team of one of Anwar’s cases not long after he lost the Sodomy II case. Almost in glee. Didn’t even wait long enough for people to forget he was associated with Anwar’s Sodomy II case. Laughing at the Establishment people who were yearning to see Anwar reside at the Sg Buluh Palace again. Son of a sodom, he.

      But for the next Appeal or the Final Appeal Ghani Petail should have become wiser after the event. Get a fully committed and no backside harbouring DPP to whack Anwar hard until Anwar gets to become a Librarian in Sg Buluh again.

  14. Cry for Penang says:

    PR supporters asked people to go “listen” to explanation on the mega project at Penang town hall this sunday 2.30pm onwards, claiming that the above is all lies by UMNO, yes, UMNO, again, never say BN, but UMNO, so racist and oh, the tokong is soooooo righteous, can do no wrong. Quoting it from the DAP supporter : ( Why don’t you all go to the Town Hall and listen to the presentation of the proposed project by Guan Eng and several respectable speakers. Why do you all like to do what UMNO supporters are doing, talk talk talk when you have no idea of the details of the project. You are all intelligent people of Pg, we are suppose to be more advanced than other Malaysians in the Peninsular, grow up man! ) mega projects = advanced, real pakatoon.

    • anon says:

      talk is cheap

      proof is in the hard facts

    • Fakin' Fake Calvin says:

      You can’t have your cake & eat it.

      LGE speaks of alleviating traffic woes by building more roads & on the basis of their manifesto, lowering car prices which in turn will add to increased vehicular ownership. Instead of concentrating on upgrading public transport, he decided to build an edifice on which he hopes to build a legacy of a tokong par excellence.

      That said, whatever happened to our country’s foremost environmental terrorist, I mean activist – Wong Tack? Thought he would have threatened to burn Komtar or at least set up a blockade at the lobby by now considering the ecosystem & mangrove destruction that is imminent.

      As for proof, it is in the eating of the pudding

      Let’s hope by the time the pudding of a tunnel is completed, it will still be edible considering how much impact it will have not only on the mangroves but also underwater ecosystem.

      But then again, Lé God just couldn’t resist the temptation of a tunnel with his name adorning it much like he has difficulties resisting rainbows, could he?

      BTW, if Penangites are so intelligent, why do they allow themselves to be ruled by a Johorean vagabond who drifted to Malacca before parachuting himself into Penang as its’ self proclaimed godhead?

  15. Servant of God says:

    Hey guys! Check this out! Someone just forwarded me this email… hehehe baca laaa…


    Dear Supporter,

    Our campaign was attacked last night for the sixth time during our nationwide Jelajah Merdeka Rakyat bus tour.

    In Malacca an angry mob waving Barisan Nasional flags threw rocks at our bus shattering windows. Some people were injured including several of our supporters and two police officers. Thankfully they are OK.

    The pictures of these attacks speak for themselves:

    You can watch a videoof the mob here.

    So far no actions have been taken against the culprits.

    But we will not stop our campaign. We will not be intimidated. We will continue to bring our message of peace, reform and democracy to the people.

    We salute the thousands of Malaysians who attend our rallies especially in places where the attacks have been most vicious. It is your courage and conviction that Barisan Nasional fears. It is you who they want to intimidate.

    Help us to overcome these attacks. Make a contribution today of RM50 or whatever you are able to donate to keep our campaign strong and our supporters safe.

    Click here to donate RM50 today.

    Thank you for your support,

    This message sent to by
    Office of Anwar Ibrahim
    Merchants Square
    Petaling Jaya, Selangor 47401

    • Anonymas says:

      lol, having no shame requesting Rm50 from everyone. “Help us overcome the attacks” how? You wanna buy a tank? Or pillows to soften the blow from rocks?

      Anwar should know not to send his goons to BN strongholds, even though there won’t be people throwing rocks, people won’t listen to their lies anymore. They’ll only get annoyed

      • Fakin' Fake Calvin says:

        May he decided that he needed an APC instead of a bus now. You know, the fully loaded ones with flare & tear gas tubes, 50 cal machine guns, amphibious capabilities with optional accessories such as sofa bed, massage chair plus a China/Thai/Malaysian SYT* throw in with compliments of his sponsors.

      • linpehkong says:

        3 billion ringgit still not enough. Have to collect 50 rgt per person. But this guy is cunning. He is trying to gauge his popularity –if many stupid enough to pay then he knows that he is still popular.

  16. Anonymous says:

    I thought Penang people is smart, actually not. They just hate Malays

    • Cry for Penang says:

      sorry, not Penang people, DAP hate UMNO Malays. If Penang people are smart, they would know what to do come election time.

  17. Mangkuk says:

    Looking for GE13 funds? The tunnel soon will cave in in time after next new government take over.

    While they’re in power they waste time blaming past government now while making a lot of money they create a problem of future government.

    They follow rear Admiral: Depan hantam, belakang hantam

    • Anonymas says:

      Waiting for the day Soros / NED withdraws support to DSAI and his colleagues due to ‘incompetency’. Suddenly poor, haha

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