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Folks

This is the MOST IRRESPONSIBLE GOVERNMENT of the past 40 odd years.

Unaccountable to the taxpayers, arrogant display of totalr deafness to the concerns of citizen

and Political maneuvrings of taxpayers money

Hahahaha. Can the government GIVE ME RM 50 Millions soft loan. I am going to share 20 millions with Desi, deal?

Come on, it is not 1/3 of the RM 186 millions interest fee from the RM4.6 Billions "soft loan".

I'm confused now.

Kuala Dimensi sold the 250ha of land to PKA at RM25 per square foot 2.5 times above the evaluation. The ministry explained the price tag is for improvement works such as build bridges, street lights, etc.

PKA also assigned Kuala Dimensi as the land developer to develop the land. My question is, was there only one sales and purchase agreement stating clearly what must be developed when handing over the land? What I'm getting at is, wasn't there another development contract between PKA and Kuala Dimensi to develop the land besides the land sale agreement? I just thought the land should be sold at the evaluated price of RM10 per square foot, and development or improvement works should have another contract agreement. The markup of 2.5 times is RM400million extra, that is a lot of money if it is just for reclaimation, street lights, utilities, and small bridge and they never say how many brigde. The minister should be more transparent if they do not want the public to keep guessing. Also I read from some other blog it was 405ha instead of 250ha (nowadays I really doubt the reports in news papers already), so much much more tax payers money.

Soft loan or hard loan, whatever it is, just f****g make sure they pay back our hard earned money to my country!

BTW, EPF just bought a big chunks of TigerHead bank stock.

Supporting the market? Or TigerHead bank has something to do with PKFZ money sink?

Did you all read in thestar? all charges against Zakaria has been dropped. Well,that was no surprise at all.

F&H - "MOST IRRESPONSIBLE GOVERNMENT of the past 40 odd years"?

I had to admit to myself not very long ago that Pak Lah's govt, which I had put so much hope in, is a heart-breaking let-down to me. Worst of all, it was even worse than Dr M & Co, of whom I have more negative than positive opinions. (I note too that the "& Co" part has large numbers of same folks as ministers.)

That being said, how much of the mud for this RM4.5 bln "soft loan" "bail-out" does Pak Lah & Co deserve?

From what I have read, PKFZ is a Dr M era legacy, and the Transport Minister when the "unauthorised" "letter of support" was Ling Liong Sik. Of the past 40 odd years, about 22 of them were under Dr M.

Pak Lah & Co are however the govt of the day; they have a lot of discretionary power. And the buck has to stop somewhere.

So, weighing the two sides, I am still in the process of figuring out how much responsibility each part has to bear.

But what is true is that the rakyat, as usual, are most at risk of having to pay for the fiasco. The govt's money belongs to the people, not to Bank Negara, Khazanah, Ministry of Finance, Federal/state govt.

I hope those responsible, whether they are in power, or sudah pension, bear that in mind the next time some appeal for donations to pay for life-saving surgery, some "no funds" excuse is tendered for vital public amenity, some toll highway/bridge contract is OK'd on the premise that the govt cannot fund it and such.

And how many votes/seats will PKFZ cost BN in the not-too-distant future? (In my mind, this may well be the one silver lining in the PKFZ saga). Will Malaysians "mudah lupa"? Will the memory loss be helped along with newly-tarred roads, instant traffic lights, sewing machines, sarongs, pay rises and bonuses, and all sorts of goodies?

A bailout by any other name is still a bailout and still smell just as rotten.

This is the mother of ALL Malaysian Scandals. The explanation given by the GM Chia Kon Leong is far from satisfactory, all cooked up and he was reading from the 5-page statements which was reproduced almost in total in today’s Star with back-up graphics. The swampy wasteland is now touted as “Service land plots” all bordering the sea. And the only visible building is by Aker Kraermer in these plots.

More details & 1m 38 s Video Clip to see the rows and rows of empty warehouses (they should do a Nilai3 in PKFZ or create a “Tax Free” Shopping Zone) & the swampy land at

http://powerpresent.blogspot.com/2007/08/more-pics-video-pkfz-bull-shit.html

RM980 million was paid for professional fees and ancillaries.

Nearby are two ports developed by locals who would already have the expertise. All over the country are heaps of free trade zones developed by locals who would also already have the expertise.

Why sort of professional services were rendered which merited such a humungous amount paid out? It's not exactly a NASA space launching pad.

Or, they gave it out based on it being only said as 10%? In which case, someone has to answer for this.

If this umno-led government doesn't have the brains and integrity to issue contracts, it should stand down and outsource project evaluation to really professional and publicly inclined people answerable to the rakyat only for the way their money is being thrown to the wolves.

The rakyat don't deserve such bleeding government service.

Now, the other question comes to mind:

will it be repeated in all the big projects under the 9MP?

who's to say it won't? where are the mechanisms to make sure the rakyat will have a say before it does?

the 2nd mOf said Malaysia has been able to brave crisis after crisis by ..creativity.

yeah, that's the right word.

Bailout or Soft Loan means the same thing.

For Bailout the cost is recognised immediately and for soft loan the cost is deferred to a latter date.

badawi became PM in October 2003. kuala dimensi sold land to PKA in 2003, probably just before badawi's tenure. CKC was the transport minister in july 2003. These newbies could not have known anything about land purchase until too late.
this is probably a farewell present to Lee liong sik. a golden hand shake.
O C Phang should be held accountable as she was in the midst of all this.

Can we do a protest on this? It is so sick to hear it you know. How about a signature campaign to get the BPR to investigate? Police report? Whatever...come on!

The timing of this project is such that opinions will be divided as to which Government is responsible - Badawi's or Tun Dr M.

My personal opinion is that the buck stops with the Government of the day.

If I recall correctly, Badawi's administration saw it fit to discontinue the Double Tracking Project immediately after taking over. Later, it also abandoned the so-called crocked bridge project.

These examples illustrate that the Government of the day has the machinery and powers to stop on-going projects. It's a matter of will power.

Just as important, the cost overrun occured during this administration. Why so?

Was it wrongly costed to begin with? If so, shouldn't the mega-fees of the consultant(s)be reviewed? Or was it poor implementation? If so, should someone be sacked? Or given the VSS (I personally prefer sacking)?

No doubt, the Government will cite rising steel and materials costs. But from my limited knowledge, these costs did not baloon by over 100%.

At the end of the day, I'm sure there are a myrid reasons for the cost overrun - including the probability of corruption.

If this does not warrant for a Royal Enquiry - I don't know what does.

Malaysians deserve to know how their tax money is spent. The Minister of Finance owes us this much. Period.

The timing of this project is such that opinions will be divided as to which Government is responsible - Badawi's or Tun Dr M.

My personal opinion is that the buck stops with the Government of the day.

If I recall correctly, Badawi's administration saw it fit to discontinue the Double Tracking Project immediately after taking over. Later, it also abandoned the so-called crocked bridge project.

These examples illustrate that the Government of the day has the machinery and powers to stop on-going projects. It's a matter of will power.

Just as important, the cost overrun occured during this administration. Why so?

Was it wrongly costed to begin with? If so, shouldn't the mega-fees of the consultant(s)be reviewed? Or was it poor implementation? If so, should someone be sacked? Or given the VSS (I personally prefer sacking)?

No doubt, the Government will cite rising steel and materials costs. But from my limited knowledge, these costs did not baloon by over 100%.

At the end of the day, I'm sure there are a myrid reasons for the cost overrun - including the probability of corruption.

If this does not warrant for a Royal Enquiry - I don't know what does.

Malaysians deserve to know how their tax money is spent. The Minister of Finance owes us this much. Period.

The timing of this project is such that opinions will be divided as to which Government is responsible - Badawi's or Tun Dr M.

My personal opinion is that the buck stops with the Government of the day.

If I recall correctly, Badawi's administration saw it fit to discontinue the Double Tracking Project immediately after taking over. Later, it also abandoned the so-called crocked bridge project.

These examples illustrate that the Government of the day has the machinery and powers to stop on-going projects. It's a matter of will power.

Just as important, the cost overrun occured during this administration. Why so?

Was it wrongly costed to begin with? If so, shouldn't the mega-fees of the consultant(s)be reviewed? Or was it poor implementation? If so, should someone be sacked? Or given the VSS (I personally prefer sacking)?

No doubt, the Government will cite rising steel and materials costs. But from my limited knowledge, these costs did not baloon by over 100%.

At the end of the day, I'm sure there are a myrid reasons for the cost overrun - including the probability of corruption.

If this does not warrant for a Royal Enquiry - I don't know what does.

Malaysians deserve to know how their tax money is spent. The Minister of Finance owes us this much. Period.