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Quote Decaffeinated 21-5-2016 05:02 PM

Buat la terowong mahal pun xpe asalkan mampu.

Nanti aku nak rasa lalu

Quote hyie 21-5-2016 05:11 PM

lebih baik bina jambatan ke-3, so that bolehla letak lrt sekali...bijak2!

Quote aku.semut.merah 21-5-2016 05:14 PM

bengong pebende ntah. jambatan kedua pun hantu je ramai guna

Quote mokcikKSKB 21-5-2016 05:18 PM

Kalau buat sepiluh jambatan boleh ke hilang jem dlm pulau tu?

Quote revoc 21-5-2016 09:32 PM

ape psal menggila guang eng ngan bridges???

Quote revoc 21-5-2016 09:33 PM

baideway

bnyk duit kejaan pulau pinang tuh

bilion2

bek wat syarikat fiber internet...............tmnet guna 10 bilion tabur wayar

Quote dizzek 22-5-2016 12:18 AM

Buat terowong la jambatan ketiga la

Padahal jambatan kedua pun baru capai 40 peratus kapasiti

Rumah rakyat termiskin dan kos rendah sengaja pulak tak nak buat
Memang bangsat ketua menteri yang zalim macam guan eng

Quote ketum 22-5-2016 12:28 AM

Sebang kencang.....
Kumbang dalam beras
Cenagau dalam padi
Sembang saja deras
Apa pun tak jadi

Quote wajevo 22-5-2016 12:46 AM

Harap-harap dia dapat buat jambatan ke, terowong ke dengan kos below market price.
Kalau idak, 2x5 je dgn umno. Sudah-sudahlah petik "Rakyat" kehulu kehilir. Nak muntah...

Quote aHoi83 22-5-2016 02:09 AM

Hari tu lalu jambatan ke 2 mcm bole buat video clip. Jalan lengang je

Quote ohnoLia 22-5-2016 02:18 AM

hyie replied at 21-5-2016 05:11 PM
lebih baik bina jambatan ke-3, so that bolehla letak lrt sekali...bijak2!

Oooo. Klu terowong bwh laut mmg x boleh lrt eh?

Quote hyie 22-5-2016 12:32 PM

ohnoLia replied at 22-5-2016 02:18 AM
Oooo. Klu terowong bwh laut mmg x boleh lrt eh?

carutsss boleh jah sis...tapi kos lagi tinggi la..

Quote ohnoLia 22-5-2016 01:11 PM

hyie replied at 22-5-2016 12:32 PM
carutsss  boleh jah sis...tapi kos lagi tinggi la..

Oooo. Kaean chuol hannanrayyan tu dah x berforum lg ke?

Quote hyie 22-5-2016 01:20 PM

ohnoLia replied at 22-5-2016 01:11 PM
Oooo. Kaean chuol hannanrayyan tu dah x berforum lg ke?

sapa hannanrayyan? u mean hannahmontana mulut puaka?

Quote ohnoLia 22-5-2016 01:23 PM

hyie replied at 22-5-2016 01:20 PM
sapa hannanrayyan? u mean hannahmontana mulut puaka?

Dia tu karatz tegar lebih 5 tahun dulu... da lme ayols x prasan dia... ngeee...

Quote revolusi_30 22-5-2016 02:12 PM

dizzek replied at 22-5-2016 12:18 AM
Buat terowong la jambatan ketiga la

Padahal jambatan kedua pun baru capai 40 peratus kapasiti

Jambatan Halim tu projek kerajaan pusat...nak bagi kroni projek...tu la hasil nya...sapa nk g batu maung....org nk g georgetown...

Quote knowho 22-5-2016 02:12 PM

Edited by knowho at 22-5-2016 02:35 PM





May 21, 2016

Undersea tunnel: Straightforward answers this time, please

FMT

     By Rahman Dahlan

Here are my latest questions, some of which I am forced yet again to repeat.

1. I would like to stress that, at all times, I never disputed that the entire project (RM6.3 billion Penang mega project to build three expressways and an undersea tunnel) was awarded to Consortium Zenith BUCG Sdn Bhd (CZBUCG) via open RFP or Request for Proposal (which includes the three studies costing RM305 million).

What I had specifically asked was whether or not there existed a conflict of interest under the circumstances. Does asking the same company that has been awarded the project to also conduct the feasibility study that will determine if the very same project is feasible, amount to a conflict of interest? To many, this seems very likely.

I had also specifically asked whether the Penang Government, or CZBUCG, had awarded these three studies individually via open tender – not the entire project.

Although YB Lim (Guan Eng) still insists that the three studies were awarded based on an open RFP, as I had pointed out earlier, Bursa Malaysia filings by Astral Supreme Bhd clearly show that the feasibility and design studies were awarded by CZBUCG to their own shareholders’ companies.

Does this mean that an open RFP was actually conducted by CZBUCG and that it subsequently awarded the contract to its own shareholders? Can you please clarify this?

I appreciate your confirmation that the three studies would cost the Penang people RM305 million. Notably, this figure is twice what the Penang Government had spent on various welfare programmes between 2008 and 2015.

While the Penang Govt now says RM305 million is “reasonable”, I leave it to the Penang people to decide if they share the same view.

I am also surprised that the Penang Government had not sought the help of the Works Ministry and JKR (Public Works Department) earlier and equally disappointed that they have no plans to seek their help to help reduce the price and ensure project timeliness.

2. A unique toll concession agreement: the DAP Government awarding a 30-year concession.

I am surprised at Penang Chief Minister Lim Guan Eng’s statement yesterday where he said he “regrets that they (Federal Government) criticised the Penang government when BN is the champion of tolls.”

I am also disappointed to hear that Lim had tried to divert this issue to the Federal Government by claiming that the Federal Government had made it hard for the Penang Government to receive approval for a bridge and had to build a costly (undersea) tunnel instead.

However, the Federal Works Minister, Fadillah Yusof immediately denied Lim’s claim and noted there was never any such discussion or application received.

It is clear that the CM does not understand what I was actually asking in my two past statements on this subject and chose to brush it off with a general statement of regret and allegations.

To be clear, I had questioned the business model used where it appears that the Penang Government is fully paying for the cost of construction while still allowing the company to collect 30 years’ tolls. I had also questioned whether DAP is now no longer against tolls.

These are two very different questions. I did not question the fact that there will be tolls collected.

Let me clarify further.

Earlier, I had asked why the Penang’s DAP government was paying for the full cost of the construction of the Penang undersea tunnel when it had awarded the company a 30-year toll concession. In its initial response, the Penang Government submitted that it had no expertise in maintaining and managing the tunnel.

This is something which is clearly outside the norm. The accepted standard for toll concession agreements is that the concession-holder has to bear the cost of construction as a condition precedent to collecting toll charges to recover its investment.

I also found it surprising that the agreed toll rate to be applied for the Penang undersea tunnel will be the same rate as that for the Second Penang Bridge where the operators had funded their own investment.

The reason given by Lim earlier was to “…prevent the bridge operator from experiencing losses.”

This is akin to the Penang government saying that alternative toll-free roads funded by the government that exist alongside any private toll roads should not be free and that the alternative government roads, too, must apply the same toll rates. Otherwise, the private toll operator would incur losses.

After I had pressed further, the Penang Government changed its story in their second statement. It is now saying that the undersea tunnel concession company does not only maintain and operate the toll but is apparently also funding the construction – completely different from their first statement.

The Penang Government needs to be clear on this and explain which one of their two differing answers is the correct one. Is the Penang Government funding the construction cost of the tunnel? Or is it not?

As for the tunnel operator having to bear the cost of this construction, we shall revisit this in my next point.

I note that Lim has ignored my direct question twice in a row:

Has DAP discarded their stance in their previous manifesto and is now no longer against toll roads? If yes, the public has a right to know.

3. Inability to answer as to what the true projected cost of this mega-project is once it has been completed.

The 110 acres that the Penang Government had set aside for payment to CZBUCG (for the construction cost) is prime seafront land near Gurney Drive which is expected to appreciate strongly in future.

On both occasions when I raised the issue earlier, the Penang Government omitted to include the evidence on the land’s actual market value. Instead, it continued to repeat the JPPH (Valuation and Property Services Department) valuation of RM475 per square foot in 2014.

However, In 2013 when the project was awarded by the Penang Government, the market value for this land was already in the range of between RM840 per square foot to RM1,300 per square foot.

This was clearly stated in the three separate agreements submitted to Bursa Malaysia by Ewein Bhd which I had pointed out earlier that shows that CZBUCG had already signed agreements to sell some 60 acres (out of this 110 acres of land) for a total of RM3.14 billion – definite proof that the market value is much higher than the RM475 psf figure given by the Penang Government.

For avoidance of doubt, please allow me to restate the question:

What is the market value – not the JPPH value – of the 110 acres land now?

If indeed the market value is as high as RM1,300 psf – thus, the value of the 110 acres would be RM6.3 billion today.

Given the strong appreciation of prime seafront land in Penang, what would the price of this 110 acres of land be in the year 2025 when the undersea tunnel project is expected to be fully completed?

Doesn’t this arrangement regarding the 110 acres of land also confirm that the Penang Government is actually paying for the full construction cost of the project? In fact, the Penang Government could even end up paying more than the full cost due to the land appreciation factor.

Could this end up costing the Penang people as much as RM15 billion or even RM20 billion? The people of Penang can only know this if they take into account the actual market price of the land in question.

Of course, this does not even take into consideration the additional 30-year toll concession that the Penang people will still have to pay.

Wouldn’t it be more prudent for the Penang Government if it were to sell off the land at different stages of the construction (in accordance to the progress payment of the project cost) instead of paying the full amount using an appreciating asset and foregoing any land appreciation upside in favour of the private company?

I hope that the Penang Government no longer accuses me of recycling questions or asking them without basis. I trust I have shown full evidence and have clearly explained my basis.

I would very much appreciate if the Chief Minister himself, or the Penang Government could possibly provide me straightforward answers to my straightforward questions.

Rahman Dahlan is Barisan Nasional Strategic Communications Director, Minister of Urban Wellbeing, Housing and Local Government as well as MP for Kota Belud

Quote revolusi_30 22-5-2016 02:13 PM

BN cemburu pasal tokong boleh buat  terowong bawah tanah 40billion duit kerajaan negeri...x perlu PFI PFI

Quote tokpetai 22-5-2016 02:14 PM

revoc replied at 21-5-2016 09:32 PM
ape psal menggila guang eng ngan bridges???

LGE dapat komisen?

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