Khazanah's sale of its 43 per cent interest in Proton to DRB-Hicom will close an unhappy chapter for a government's foray into a production of a supposed 'national car'.
It was a big mistake from a word go. And millions of ringgit have been lost in a process.
First, you did not have a imagination or comparative value to furnish cars. The anticipated record transfer did not take place fast enough.
The event costs have been tremendous:
- a national automobile process indirectly promoted a construction of lucrative tolled highways (and in a box of Penang, tolled bridges as well as tunnels) for concessionaires; ordinary motorists now carry a burden.
- for a long time, open ride was neglected. We could have had illusory complicated rail, LRT as well as even tram sy! stems. you nstead a development of a sight services drew to a screeching hindrance in a 1980s as well as today, a sight service is suggestive of a 1970s. And there was small inducement to deliver light rail or tram systems in urban areas outward KL nor was there much domestic will to deliver bus fast transit (BRT) systems. In Penang, a ferry service was not asked as well as a terminal which collapsed upon a mainland in a late 1980s was never rebuilt.
- a promotion of a national car, along with easy automobile loans, led to increasing congestion upon a roads, as some-more as well as some-more people relied upon in isolation engine vehicles.
- a market was protected as well as aloft import duties for other makes as well as small foe for Proton meant which Malaysians had to pay a much aloft cost for imported cars.
- automobile loans grew to turn a significant component of rising household debt.
- a dependence upon engine vehicles puts Malaysians during a mercy of aloft oil prices.
- a promotion of in isolation engine vehicles is environmentally unsustainable.
- huge ! investme nts are needed for highway infrastructure, maintenance as well as widening income which could have gone into mending a open ride infrastructure as well as rural ride networks in Sarawak as well as Sabah.
- hundreds of millions of ringgit have been spent upon government subsidies for Proton, investments in Lotus (including Formula One sponsorship), etc.
For all this, a single male (TDM) is predominantly responsible. The national automobile process was after all his house pet project. And what a extensive cost you have paid. - anilnetto.com
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