Don’t proceed with Penang dam project until Guan Eng says sorry, says Najib
Former PM Najib Razak says former Penang chief minister Lim Guan Eng had misled Penangites for years with fairy tales of reducing the state’s debts by 95% because of DAP’s so-called ability to manage the state’s economy.
PETALING JAYA: Former prime minister Najib Razak has demanded that Lim Guan Eng apologise for allegedly misleading Penangites on the restructuring of the state’s water assets.
In a Facebook post, Najib commented on Penang chief minister Chow Kon Yeow’s wish yesterday for Putrajaya to continue the expansion of the Mengkuang dam as agreed as it was crucial to increase raw water production capacity.
Najib said the dam expansion is funded by a RM1.2 billion federal grant given by his administration as part of the restructuring of Penang’s water assets in 2011.
The restructuring also saw the state’s RM655.2 million debt converted into a 45-year lease payment.
Najib said if Chow wants the federal government to continue with the dam expansion project, Lim, the former Penang chief minister, should first apologise for allegedly using the restructuring issue as political propaganda.
Najib claimed Lim used the restructuring as proof of DAP’s ability to manage its economy by reducing the state’s debts by 95%.
“That reduction of debt had nothing to do with the DAP-led government’s management but came about after the Barisan Nasional government agreed to give a free grant for the Mengkuang dam worth RM1.2 billion and converting the state’s debt into annual instalments so that it is no longer technically classified as debt, although it needs to be paid.”
Najib said had he not agreed to this restructuring then, Penang’s debts would have increased by over 130% and not reduced by 95%.
“So don’t continue with the Mengkuang dam project as long as DAP or Lim do not admit and apologise for misleading Penangites for years with fairy tales of reducing the state’s debts by 95% because of DAP’s so-called ability to manage the state’s economy.
“Is it so hard for him to admit this and release a statement?”
In a Facebook post, Najib commented on Penang chief minister Chow Kon Yeow’s wish yesterday for Putrajaya to continue the expansion of the Mengkuang dam as agreed as it was crucial to increase raw water production capacity.
Najib said the dam expansion is funded by a RM1.2 billion federal grant given by his administration as part of the restructuring of Penang’s water assets in 2011.
The restructuring also saw the state’s RM655.2 million debt converted into a 45-year lease payment.
Najib said if Chow wants the federal government to continue with the dam expansion project, Lim, the former Penang chief minister, should first apologise for allegedly using the restructuring issue as political propaganda.
Najib claimed Lim used the restructuring as proof of DAP’s ability to manage its economy by reducing the state’s debts by 95%.
“That reduction of debt had nothing to do with the DAP-led government’s management but came about after the Barisan Nasional government agreed to give a free grant for the Mengkuang dam worth RM1.2 billion and converting the state’s debt into annual instalments so that it is no longer technically classified as debt, although it needs to be paid.”
Najib said had he not agreed to this restructuring then, Penang’s debts would have increased by over 130% and not reduced by 95%.
“So don’t continue with the Mengkuang dam project as long as DAP or Lim do not admit and apologise for misleading Penangites for years with fairy tales of reducing the state’s debts by 95% because of DAP’s so-called ability to manage the state’s economy.
“Is it so hard for him to admit this and release a statement?”
Najib showing the Same problem as with 1MDB.
ReplyDeleteHe thinks taxpayer funds are his to play around for political manipulation and personal gain.
Jibby’s cerita dongeng exposed by Guanee..where is the 2 TRILLION....? Ha ha ha
ReplyDeleteQUOTE
Najib’s claim of China importing goods worth US$2 trillion untrue: Lim Guan Eng
11 Jun 2018
KUALA LUMPUR: Malaysia finance minister Lim Guan Eng on Monday (Jun 11) hit back at former prime minister Najib Razak's claim that China had committed to importing goods worth US$2 trillion as part of two pipeline agreements worth RM9.4 billion (US$2.36 billion).
“All officials asked have stated that these claims by Najib are untrue,” Mr Lim said in a statement.
There was no mention of the various “commitments” made by China as claimed by Najib in any of the Cabinet papers presented in 2016 and 2017, which approved the Suria Strategic Energy Resources Sdn Bhd (SSER) projects, Lim said.
“Unless of course that there are certain hidden Cabinet papers or 'red' Cabinet minutes that no one has access to except the former prime minister himself,” he added.
UNQUOTE
https://www.theedgemarkets.com/article/penang-okays-loan-revamp-exchange-water-assets
ReplyDeleteThe terms of Penang's 2011 agreement with the Federal Government on water resources and restructuring of debt are open and on public record.
No misleading. Penang did not get any free lunch.
Ktemoc must be exposed as a Gullible Najib Guppy, treating every Najib fart as Manna from Heaven.
I tell you folks this guy will run to rosmah sulking if nobody pays him the attention that he crave and seek, what najib is implying is penang lang should be grateful and thank him for the grant but tokong took the credit instead wakakaka but why tokong should apologise for managing their own state of affairs I still don't get it.... ahhhh chew
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