I wish to challenge Minister in a Prime Minister's Department Tan Sri Nor Mohamed Yakcop to a open discuss upon whether a extension of a concession period for Penang Bridge by seventeen years as good as BKE by eleven years, in exchange for a freeze upon upon fee travel for 5 years upon 5 highways including a NSE, benefits Penangites as good as Malaysians.
Tan Sri Nor attacked me in a New Straits Times today for practicing double-standards in hostile a revised deals which will hold off fee transport travel for 5 years until 2016. we fail to see how this rider understanding benefited a people as good as how we can be practicing double-standards when we am receiving a principled mount in hostile fee operators benefiting ! hugely a t a people's expense.
TOLL COMPENSATION WAIVER ~ REVISED CONCESSION TERMS
Expressways
Now to 2015
Current fee structure
New fee structure
Current expiry of concession
Now expiry of concession
NSE
No fee hike
10% each 3 years
5% in 2016 as good as each 3 years thereafter
Dec 31, 2038
Dec 31, 2038
Elite
No fee hike
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May 31, 2030
Linkedua
No fee hike
25% each five years
Dec 31, 2038
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No fee hike
15% - 25% each five years
June 27, 2026
Penang Bridge
No fee hike
10% each five years
No increase
Dec 31, 2021
This rider understanding above is NOT a win-win incident for both a supervision as good as a fee user as good as a rakyat though obviously a win all resolution for a fee operators. Penangites have been foul penalised for a f! ee trans port travel freeze for 5 years for Penang Bridge, NSE, BKE, Linkedua as good as Elite. Penangites have to pay an additional seventeen years for Penang Bridge till 31.12.2038 instead of 31.12.2021 as good as for BKE an additional eleven years till 31.12.2038 instead of 27.6.2026, just to allow a 5 fee operators to hold off a fee travel by 5 years. There is no extension for NSE or Linkedua.
What is many excessive as good as unfair to a rakyat is which a fee operators have been reaping obscenely tall profits where they have some-more than recouped their strange investments of building a whole cost. In a written parliamentary reply of income performed by fee operators until 31.12.2010, a fee user for NSE outlayed RM 5,945 million to erect a NSE though has received RM 24,266 million in fee profits as good as supervision compensation.
In alternative words a NSE fee user has recorded a over-abundance of RM 18,321 million as during 31.12.2010 over his investment outlay. Is there any need for a NSE fee user to pick up any some-more tolls from a open most less increase fee fares? By right as good as in a rakyat's interest, fee collection in a NSE should be stopped rught away in perspective which a income returns have been 3 times some-more than a strange investment.
The incident is identical for Penang Bridge which has picked up RM 1,859 million though outlayed RM 944 million upon building a whole cost, enjoying a over-abundance of RM 924 million. For BKE, fee collection amounts to RM 340 million upon building a whole co! st of RM 256 million, recording a over-abundance of RM 84 million. Instead of paying until 31 Dec 2038, Penangites should not be paying any fee during all in a Penang Bridge as good as a BKE.
And yet Tan Sri Nor claims which this rider understanding benefits a rakyat by freezing fee hike, when a fee travel remains though skilfully sheltered where its impact is not felt no! w, thoug h a suffering extended for an additional seventeen years for Penang Bridge as good as eleven years fro a BKE.
If Tan Sri Nor is so assured which this rider understanding benefits a people, then he should not fear to discuss with me so which a people can see how this rider understanding benefits them instead of a fee operators.
Lim Gu! an Eng i s a Penang Chief Minister as good as DAP secretary-general
13 Jun 2011 - Dalam Jawatankuasa RUU Kuarantin & Pemeriksaan Malaysia 2010 - MP Pakatan Rakyat
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