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Here is another very suspicious issue about the Penang Tunnel scandal.
This is a page from the official Penang PAC report on the Penang Tunnel project.
The way that the cost of the consultancy fees to do the RM305mil reports seems to be structured to be front-loaded with the intention that the bulk of the fees are quickly paid by the Penang Govt up-front.
The fees to do the report for the 10.6km Tanjung Bungah to Teluk Bahang paired roads with construction cost of RM377 million is a staggering RM120.4 million.
This means the reports cost for this road is 32% of the construction cost – which breaks all government cost guidelines where such a project should only cost a maximum of 5% only.
Compare this to the RM96mil cost of reports for the much more complicated undersea tunnel that cost RM3.5 billion to construct.
Remember that this costing is from official Penang Govt sources.
It is so ridiculously lop-sided and front-loaded that you can only conclude that the project was designed to get maximum money upfront that even if the actual tunnel reports and project never gets done, it doesn’t matter as the company awarded the project would have already made all their money.
Among the many suspicious activities and possible wrong-doings in this project, I am confident that the MACC will also be investigating this issue.
Media Statement from Abdul Rahman Dahlan
Guan Eng should stop fishing for sympathy
1. News portals reported today that there is a possibility that DAP’s Lim Guan Eng may not contest in GE14 citing his upcoming corruption trial dates as a reason.
2. It is important to note that Guan Eng was charged with these two counts of corruption more than 1 1/2 years ago in July 2016.
3. The trial dates are only being scheduled now after such a long delay because of Guan Eng’s attempt to challenge the MACC act as unconstitutional – a case that went through the High Court, Court of Appeals and all the way up to the Federal Court.
3. Whether this was a deliberate attempt to delay his trial, only Guan Eng knows.
4. Therefore, Guan Eng only has himself to blame if his court dates are scheduled as they are now.
5. Guan Eng should have confidence in our courts where he will be allowed to defend himself in an open and transparent manner. The public will also get the chance to look at the evidence against him as this trail will receive public and media attention.
6. The length of former Selangor Menteri Besar Dr Mohamad Khir Toyo for a similar offence which started in 2010 until he was convicted in the year 2015 will provide comfort to Guan Eng that there is little to fear that he is not able to contest in GE14. Whether he will win or DAP keeps the Penang state government or not is, of course, entirely different matter altogether.
Abdul Rahman Dahlan,
Barisan Nasional Strategic Communications
Source: The Malaysian Insight
I’m not sure if Pakatan Harapan understands media or even journalism. News is defined by what is new, and thus it makes the headlines.
So when you repeat the good old youth promises of affordable housing, lesser migrant workers, higher salaries, and then add making the English Premier League (EPL) available on Radio Televisyen Malaysia (RTM), of course it’s going to make headlines.
Pakatan’s defence that this isn’t a high ranking priority is whitewashing the fact that it was high enough to bloody get a mention in their manifesto. Their explanation that this is to try to undo the cable television monopoly by Astro is also another red herring, especially since people can just ask HyppTV to provide the same for a fee.
Only problem is I have to wonder if that means HyppTV would have to pay Astro for such rights.
At the same time, some Malaysians are already viewing football matches online rather than bothering to subscribe to the cable TV package after finally understanding that nobody is actually at home to watch it most of the day and thus, Astro seems a waste.
Others will just gang up with friends and watch it at a pub or a mamak – which is also why there is resistance to having such places shut at midnight.
And then, there is the argument on costs. While the cost to screen all 380 Premier League matches is opaque, it is said to have been RM1 billion for three seasons from 2013 to 2016, with an increase of 25 to 30% every renewal. This would make the current seasonal cost from 2017 to 2019 some RM1.3 billion – roughly RM433 million per annum with a 25 to 30% increase every year.
Imagine what that would look like in their budget tabling every October.
Thus, is Pakatan promising to allocate this much to RTM in their shadow budget? This is odd, since I didn’t see it listed in their last presentation. One can only wonder what would have happened had Wong Chen mentioned this plan in front of Jomo KS for his economic analyses.
And while the Pakatan youth leaders are going about defending this football fetish of theirs on social media accounts, they can’t seem to answer the very basic of questions – how did the Premier League heading on RTM become part of their manifesto? Continue reading
The Malaysian Insight reported that the Penang government today refuted news reports that the administration had allowed the special purpose vehicle company undertaking the undersea tunnel to pre-sell state land rights worth RM3 billion.
“Prove it that we approved the pre-selling of land rights. Where did they (the newspaper) get the RM3 billion figure?” asked Penang Chief Minister Lim Guan Eng. – link
The land in question is a 50 acre piece of land of Gurney Drive that is supposed to be given as payment to the Penang Tunnel Special Purpose Vehicle (SPV) once they have completed building the 3 roads portion of the project.
This land is currently being reclaimed by another private company but contractually, they have to surrender this land to the State Government.
It is thus a land rights. Rights under law as well as accounting is considered an asset and has value – it is as good as real land when the reclamation is complete.
As of today in Jan 2018, the SPV has not even started construction of any of the roads, hence by right the land or land rights does not belong to them yet. They can only claim full ownership of the 50 acres one they have satisfactorily completed all 3 roads.
However, in partnership with a listed company, the SPV announced a RM15 billion GDV project on this land on 13 August 2015 with the Penang Chief Minister as a witness. – link
And on 16th January 2016, the SPV company signed to sell the full 50 acres to a subsidiary of the listed company for a total of RM2.83 billion (okay, not exactly RM3 billion as reported by The Star). The Penang CM was also a witness at this signing too. – link 1 & link 2 Continue reading