Transparency International Malaysia (TI-M) refers to recent reports which a concession has been awarded for a proposed West Coast Expressway. This is a mega project, reported to price RM7.07 billion, engage massive open financing of a soft loan of RM2.24 billion as well as payment of RM980 million for land acquisition, as well as an unprecedented 60-year fee concession which a open will have to bear.
TI-M views with regard a apparent miss of clarity as well as proper procession in a award. Given a open funding as well as prolonged concession period, there could have been proper governance as well as clarity in a endowment by an open, transparent as well as rival buying routine as well as open avowal of a terms as well as conditions of a contract.
Start Integrity Pact with West Coast Highway project
A mega plan of this distance as well as stroke upon a open is an ideal candidate for implementing a Integrity Pact (IP), a tool for curbing crime risks in open contracting projects. The supervision has recognized a potential benefits of IPs by a Treasury circular dated sixteen December 2010 outlining discipline for implementing IPs in supervision procurement.
Further, MRT Corp., a GLC tasked with implementing a MRT project, has agreed to incorporate a IP in a buying exercises.
TI-M calls upon a supervision to yield sum of a buying routine as well as a concession agreement for this mega plan to answer a most questions as well as regard being raised due to a miss of information.
This will assistance show which a supervisi! on is co mmitted to tackling swindle in Malaysia by improved avowal as well as governance as well as consistency in implementation of integrity correspondence measures in all open projects.
Datuk Paul Low is a President of Transparency International Malaysia
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Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
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