KUALA LUMPUR: The toll concessions takeover may cost less than the RM400 billion projected by the previous government, said Finance Ministry special officer Tony Pua.
“The RM400 billion figure was being tossed around by the previous government by taking into account the compensation to be paid to the toll concessionaires which includes future gains,” he said at the Parliament lobby today.
“The RM400 billion figure was being tossed around by the previous government by taking into account the compensation to be paid to the toll concessionaires which includes future gains,” he said at the Parliament lobby today.
Please note what Tony Pua has been reported saying, to wit:
"... the RM400 billion projected by the previous government, said Finance Ministry special officer Tony Pua.
“The RM400 billion figure was being tossed around by the previous government ..."
Yes, please do note that Tony Pua mentioned twice that the RM400 Billion was made by the previous government.
In a previous post Metamorphosis of Tony Pua after being struck dumb by Najib's sarcasm I referred to Malaysiakini's Najib vouches for Tony Pua to deliver toll abolition promise, extracts of which follows:
Later that year, he disputed the RM231 billion figure cited by the government as being the supposed cost of buying back 26 highway concessionaires.
He claimed at the time that it would only cost RM25 billion, considering the following factors [...]
Yesterday, Works Minister Baru Bian told the Dewan Rakyat that the government will postpone its plans to abolish tolls until it is more financially viable to do so.
He said that one of the main reasons is because it would cost over RM400 billion to do so, and the promise was made before Harapan knew of the full extent of Malaysia’s financial situation.
He said that one of the main reasons is because it would cost over RM400 billion to do so, and the promise was made before Harapan knew of the full extent of Malaysia’s financial situation.
Let me consolidate what have been reported previously as to who said what, and how much it would cost to remove all the tolls and compensate the 26 toll concessionaires (ask Maddy for their names, please), to wit:
(i) Tony Pua was reported mentioning RM25 billion,
(ii) Previous BN government was reported mentioning RM231 billion,
(iii) Works Minister Baru Bian was reported mentioning RM400 billion.
But Tony Pua now claims t'was the PREVIOUS government who quoted RM400 billion!
I didn't know that Baru Bian was a member of the PREVIOUS government (according to Chicken Little).
(KT comment: Wakakaka)
According to Malaysiakini, Tony Pua himself quoted RM25 billion, thus I agree with Chicken Little that his RM25 billion is definitely less than Baru Bian's RM400 billion.
Nowhere did Chicken Little mention Najib's figure of RM231 billion.
These confusing set of figures would be typical of Chicken Little and his Pakatan matey Lil' Boy Blue.
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not much for him to do mah |
Some readers of my previous post did not even realise Najib was dripping with caustic sarcasm when he said in response to Chicken Little quote of RM23 billion and Works Minister Baru Bian's RM400 billion:
“Therefore, I propose that the Pakatan government should task Tony Pua in the effort to abolish all highway tolls to deliver on one of the main promises in their manifesto.
“Therefore, I propose that the Pakatan government should task Tony Pua in the effort to abolish all highway tolls to deliver on one of the main promises in their manifesto.
“I believe that Pua and DAP are not liars and their far cheaper estimate is correct, and not made merely to cheat people of their votes.
(KT comment: Wakakaka)
“Now, I am a road user paying tolls. Therefore, I too would be happy if all tolls are abolished as promised by Pakatan Harapan’s manifesto.
"Moreover, the toll concessionaires are neither my friends or my cronies, but are from the era of a prime minister who came before me”.
“Now, I am a road user paying tolls. Therefore, I too would be happy if all tolls are abolished as promised by Pakatan Harapan’s manifesto.
"Moreover, the toll concessionaires are neither my friends or my cronies, but are from the era of a prime minister who came before me”.
(KT comment: Wakakaka)
That's how gullible the new Malaysian's guppies are, wakakaka. Pathetic!
BTW, Malaysiakini columnist P Gunasegaram informed us via his article Proton, Khazanah, Malaysia Inc and Mahathir that Toll roads were pioneered via Halim Saad’s Plus Expressway in the mid-80s, a known crony of Daim Zainuddin who had many other cronies.
It was just the Mahathir's way of making billionaires via Khazanah.
Today Daim Zainuddin as Chair of the powerful Council of Eminent Persons (CEP) has had his tenure extended by Mahathir indefinitely. The good very Bad olde days are back again.
BTW, Malaysiakini columnist P Gunasegaram informed us via his article Proton, Khazanah, Malaysia Inc and Mahathir that Toll roads were pioneered via Halim Saad’s Plus Expressway in the mid-80s, a known crony of Daim Zainuddin who had many other cronies.
It was just the Mahathir's way of making billionaires via Khazanah.
Today Daim Zainuddin as Chair of the powerful Council of Eminent Persons (CEP) has had his tenure extended by Mahathir indefinitely. The good very Bad olde days are back again.
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Halim Saad |
"at have been reported previously as to who said what, and how much it would cost to remove all the tolls and compensate the 26 toll concessionaires (ask Maddy for their names, please)"
ReplyDeleteMamak has his share of toll-road cronies, just like sleepyhead & jibby!
Do dig into yr DB to find out how many toll concessionaires were awarded by mamak, sleepyhead & jibby.
While u r on it, WHY don't u ponder about the reasons that WHY sleepyhead & jibby 'improved' on their new toll concession agreements while retaining the mamak's legacy. Why didn't they abolish those mamak toll contracts! Instead they lengthen the contractual periods!
U simply JUST like to blame everything on mamak le!
Ooop… wrt the cost discrepancy as reflected in jibby's caustic sarcasm, ain't they a reversed psychological farts just like WHEN u r been caught red-handed & could ONLY doing yr blood-dripping wakakakakaking to cover up the embarrassments!
BTW, wait for that shit-pie landing on yr face when tp clarify the cost discrepancy lah!
I hope u can do a loud wakakaking then.
wakakaka, you just felt compelled to bullshit, don't you - are you by any chance a kiasu Sing? wakakaka again
DeleteI suspect CK is Looes's choirboy. Both seem to have penchant for rear games.
DeleteReply intelligently to the points lah!
DeleteAd Hominem attacks ONLY prove u r a real kiasu bullshitter, who now resources to twisting cut&paste articles - just like yr mom sifu le!
Tau apa tu maruah?
Oooop… my bad, for a more jibby/hippo ampu-tee, maruah means nothing as long as the dedak keeps flowing!
What is happening to all the Chinese leaders in power? They have become much worse than those old MCA leaders. Do they not know that they are humiliating the Chinese community?
ReplyDeleteSupposedly well educated with strings of degrees but unable even to calculate (25 billion vs 400 billion) and having problems with decimel points in figures!
The above is not even as bad as their propensity for bearing false witness against their neighbors. These supposedly good church going Christians!
Are you referring to China leaders or Malaysian Chinese leaders? And among parties where there are majority Malaysian Chinese leaders and supporters, more than 80% of them are not Christians or any of the Abrahamic faith.
DeleteSince when, a Ketuanan Melayu mindset, so concern and Kay Poh about other Malaysian races and their parties? And you are also preaching about humiliation of other races and religions? Include suppression, denial of rights, racism and religious bigotry in case you have forgotten.
When did this transformation took place? After GE14?
I also wonder who are the actual believers of religion who always bear false witnesses to all the wrong doings in this country for decades.
Hypocrisy shows a person devoid of any moral or religious upbringing.
TP was declared a bankrupt (or nearly one) in a neighbouring country but return to a triumphant hero's return.
DeletePerhaps he can take a leaf from his boss that he mistaken a decimal point previously (plus alteration to a few numbers, namely 2 and 5 to 4 and 0).
".....itu anggaran kerajaan lalu' was obviously a slip of the tongue played up by KT, like a poor soul suddenly waded into gold mine, hallelujah! who was a proud contributor blogger to CPPS who kena 'scorned' by TP long time ago. And you are obviously just another prop acted your part as batu api, eh! 'he-bolih-great' Mr. John Hasan! Wakakaka ........
Deleteone of the failures of Malaysian education is that many Malaysians today can't read and comprehend what newspapers published, and that includes you Peter
Deletethe other point of failure is your education endows you with dull imagination, only thinking if others do not agree with you, they must be dedak makan-ers, wakakaka
boring lah
Oooop…
DeleteIs that WHY u r so 'creative' in spinning fake news?
Is that WHY u expect others to believe what u have so 'cleverly' spinned - half truth + half shit & stirred well!
Yr education definitely has successfully made a wordsmith out of yr 'imagination' - success as in dedak gathering via yr penned words!
BTW, who's the one that has been keenly labelling others who don't agree with yr fake news as dedak makan-er?
Truly pariah & shameless too!
your memory is damn poor - on topic of dedak makan-er i did NOT start those accusations, but I was eventually encouraged to join you people who love to label those who don't agree with your opinions as makan-ing dedak eg. as Peter just did by saying I fell into a gold mine, wakakaka
Deleteyou people have POOR confidence (kiasu attitude) to broadbrush different views as makan dedak
Wakakakakaka…
DeleteBullshiting statement of 2018;
"on topic of dedak makan-er i did NOT start those accusations, but I was eventually encouraged to join you people who love to label those who don't agree with your opinions as makan-ing dedak"
1) not the initiator of dedak makan-er label, so WHAT?
2) encourage to join, so pot & kettle lah!
3) broadbrush different views???
What different views? Clear cases of twisting facts & ampu-ing jibby/hippo r different views! Top class educational product - my foot!
don't forget - you have earned the notoriety of being a KIASU bullshitter so I don't plan to argue much with you, wakakaka
DeleteWakakaka ....... I will confess I am still learning how to write. But you can try to re-read and interprete I wasn't really alleging you as a dedak makan-er. I was merely implying you "bumped" into a "big opportunity" / lucky break / TP's lapse / mistake and took the opportunity to whack him, in that context!
DeleteDid I touch a raw nerve? Wakakakaka ...............
Peter if you say you didn't then I accept your words, and close this specific matter
Delete'Dedak' is a very very sensitive sore point with Ktemoc, wakakaka. Just as the words 'wholesale stealing' and 'money laundering' are super sensitif untuk Bugis Pirate and his cohorts hihihi.
DeleteAnd the BIGGEST kiasu bullshitter is Ktemoc himself ! But of course he will divert this to point his blardy finger at others....typical sore loser whenever he couldn't win any argument or rebut logically and intelligently. Podah la
Raja Tembak Ktemoc Daily Dedak 6-Shots No #1.
ReplyDelete2009 was 9 years ago, more like 10+ years ago data. Of course it will be substantially more now, but it will not be RM 400 Billion.
you should ask Baru Bian then, wakakaka
DeleteNon verifiable fact based farts r farts!
DeleteAsk Baru Bian?
Liken to u so trusting jibby/hippo's farts a r fragrance to yr nose!
As usual Najib leaves a pile of debt behind for someone else to clean up, like the 1MDB debt, ECRL debt, HSR debt, Gas Pipeline debts, GST refund debts, 1T national debt and now we are told 400B of toll debt, an amount notably, he did not deny.
ReplyDeleteNajib should be given the title "Bapa Hutang".
He inherited a 231B toll debt from the previous PM and for NINE years, 2009-2018, despite holding both the posts of Prime Minister and Finance Minister, did absolutely nothing to reduce it, instead allowed a host of new private toll roads to be built and the result was the 231B toll debt became 400B. Why didn't he try to re-negotiate the agreements with Halim Saad etc? Just like what TDM is now trying to do over the next 5 days, ie re-negotiate with the Middle Kingdom about the HSR, ECRL, Gas Pipelines etc.
Then after being kicked out as PM he foolishly asked Tony Pua to help fix the problem, not realising that he was highlighting his own failure to solve the problem but in fact allowed it to deteriorate. But Tony already offered a solution back in 2009, when the debt was 25B, or 231B, but whatever the number it is still far lower than 400B, a number that Najib did not deny as being correct. If Malaysians had not kicked him out in GE14, what would the number be come GE15? 800B? My children, grandchildren and great grandchildren will have to pay for this debt, unlike keyboard critics living overseas.
By the way the proposed new UMNO HQ beside the current one will likely be postponed or cancelled altogether due to anticipated financing problems. The new powerful Finance Minister and his cohort Economic Minister are unlikely to help.
Another way out to solve the tolled roads problem would be upgrading or building anew the old trunk roads running alongside the tolled ones.
ReplyDeleteRM 200 billion may be enough to solve the tolled roads problem?
All tolled roads are supposed to complement existing old trunk roads but the previous regime has turned it the other way round forcing some to use tolled roads instead.
Road users who hate paying tolls then have an alternative.
One real cheeky way of foreclosing these bloodsucking toll concessionaires IS allocating state developing fund for local infrastructure upgrade.
DeleteAll states r instructed to maintain & up-keep all the interconnecting trunk roads to required standards.
Once these trunk roads r been properly maintained, u can bet the traffic flows will increase, giving competitions to the tolled roads.
The acted advantage IS the spillovered economic benefits to the rural areas scattered alongs these trunk roads. Many of which have been waylaid by the bypassing traffic flow, using the toll roads.
With reduced traffic flows, it will be hard for the toll concessionaires to survive. Given time, they WILL fold & loan foreclosure will force the syndicating banks to forced sell these companies at very much reduced prices.
Walla, RM25B will be enough to buy back some of these toll contracts.
Those having govt linked guarantees, like PLUS, can be easily negotiated for an amicable compensations schemes.
Wakakakakaka……