Maju Expressway (MEX) privatised - Najib's crony to milk the 'rakyat',charging toll over 33 years...

Putrajaya contingency insist why a Maju Expressway (MEX) fee concession was given to Maju Expressway Sdn Bhd (MESB) when it had already saved three-quarters of a 26km highway, Tony Pua asked today.

Labelling it a transparent box of "daylight robbery", a DAP inhabitant broadside cabinet member forked out which 74 per cent of a price of constructing a Kuala Lumpur-Putrajaya main road had been borne by taxpayers when Putrajaya gave MESB a RM976.7 million accede to to set up a MEX, which price an estimated RM1.32 billion.

MESB is 96.8 per cent owned by Maju Holdings Sdn Bhd, which is in turn owned by Tan Sri Abu Sahid Mohamed. The make a difference came to light when automotive tools maker EP Manufacturing Bhd (EPMB) sealed a RM1.15 billion understanding to buy a MEX main road here by appropriation MESB from firm Maju Group upon Mar 16.

"The question which needs to be asked is if a government can already fund three-quarters of a main road building a whole project, why was there even a need to 'privatise' it to a private sector?

"Why couldn't a government lift a serve tiny total of RM343 million to complete a main road but privatisation? Needless to say, a endowment of a contract was done around direct negotiations but any open tender," Pua(picture)said in a strongly-worded statement.

"According to reports by a Malaysian Rating Corporation, Tan Sri Sahid Mohamed only invested RM60 million as well as lent RM87 million in funds to a project.

"The rest of a building a whole as well as operational price of a main road was borne by borrowings which amounted to RM529 million during Dec 2010," he added, saying which a MEX agreements have not been publicly disclosed despite a fact main r! oad agre ements were declassified by a Cabinet back in November 2008.

Pua demanded Prime Minister Datuk Seri Najib Razak be obliged for ensuring a RM967.7 million accede to given to MESB be returned to a government.

"The MEX is a many definite box of making taxpayers pay for a building a whole of a highway, as well as subsequently permitting a Barisan Nasional (BN) crony to milk a taxpayers serve by charging toll, in this case, over a period of 33 years... RM976.7 million was paid for by Malaysian taxpayers," pronounced Pua.

The Petaling Jaya Utara MP pronounced which with EPMB's acquisition, Abu Sahid would "effectively be making a net distinction of RM1.09 billion".

"That functions out to more than an celestial 1,800 per cent return upon investment in reduction than 8 years given building a whole began in 2004 for MEX," Pua calculated.

According to a Malaysian Rating Corp Bhd (MARC) report, total traffic upon MEX was 28.8 million vehicles in 2010, while normal daily traffic was 78,962.

Latest figures from June 2011 uncover a normal volume has increasing 17.5 per cent to 92,785.
According to AmResearch, a MEX is already making money during a handling level, with monetary year 2011 gain prior to interest, taxes, depreciation, as well as amortization (EBITDA) during RM44 million upon normal daily traffic of 90,051, which exceeded projections by 9 per cent.

Traffic expansion is subsequently projected to grow 12.8 per cent in 2012 as well as 8.8 per cent in 2014, prior to levelling to 2.3 per cent by 2037, it combined in a investigate note.

The investigate residence additionally remarkable which a valuation of RM1.7 billion by EPMB pegs the merger price during RM65 million/km against the strange price of RM51 million/km.-malaysian insider

Lebuhraya MEX: Dana ! rakyat R M977j mesti dipulangkan...

Wang rakyat yang diberikan kepada Maju Holdings Sdn Bhd untuk membina Lebuhraya Kuala Lumpur-Putrajaya sepanjang twenty-six kilometer yang dikenali sebagai Maju Expressway (MEX) mesti dikembalikan, kata pengarah strategi PKR Rafizi Ramli, berikutan penjualan konsesi itu kepada EP Manufacturing Berhad (EPMB) dengan nilai RM1.7 bilion.

Rafizi berkata dana awam yang besar melalui geran kerajaan bernilai RM976.7 juta telah diberikan kepada Maju Holdings semasa pembinaan MEX, sebelum projek itu siap dibina pada tahun 2007. Keseluruhan projek itu bernilai kira-kira RM1.32 bilion.

AkhbarThe Edge, Jumaat lalu melaporkan bahawa EPMB akan membiayai pengambilalihan itu dengan menerbitkan sukuk RM1.2 bilion manakala bakinya pula akan diperoleh daripada pinjaman bank.

"Selain geran tersebut, saya menganggarkan suntikan dana yang dibuat oleh Maju Holdings Sdn Bhd hanyalah sekitar RM60 juta (iaitu 4.5 peratus dari kos keseluruhan) kerana ia turut meminjam RM370 juta dari institusi kewangan," kata Rafizi, dalam satu kenyataan.

Justeru, katanya, penjualan berjumlah RM1.7 bilion ini akan memberi durian runtuh kepada Maju Holdings Sdn Bhd sekiranya geran oleh kerajaan berjumlah RM976.6 juta tidak dikembalikan.
"Jika ini berlaku, selepas membayar hutang institusi kewangan berjumlah RM370 juta, bermakna Maju Holdings Sdn Bhd bakal membuat keuntungan berjumlah sekitar RM1.33 bilion sedangkan modal pelaburannya dianggarkan RM60 juta sahaja," kata Rafizi.

Sehubungan itu, menurut Rafizi, PKR mendesak Perdana Menteri selaku Menteri ! Kewangan mengesahkan sama ada Maju Holdings Sdn Bhd akan mengembalik! an dana rakyat sejumlah RM976.7 juta itu, kerana jika tidak ia menimbulkan lebih banyak persoalan yang akan terus menaikkan kemarahan rakyat.

"Jika keuntungan RM1.33 bilion itu disimpan oleh Maju Holdings Sdn Bhd, apakah perjanjian di antara Perdana Menteri dengan pemilik Maju Holdings Sdn Bhd yang diketahui umum penyokong kuat Umno?
"Adakah wujud persefahaman agar keuntungan atas angin yang merampas dana rakyat itu akan disalurkan kembali kepada Umno sebagai dana pilihan raya?" soal pengarah strategi PKR itu lagi.

Katanya, keghairahan Perdana Menteri meluluskan urusniaga melibatkan kroni Umno/BN Nasional bernilai berbilion ringgit menguatkan syak wasangka rakyat bahawa harga yang tinggi yang dikenakan kroni merugikan rakyat.

Lebih-lebih lagi, tambah Rafizi, urusniaga dalam serba kerahsiaan dan tiadanya ketelusan boleh menguatkan lagi wasangka rakyat itu. Penjualan konsesi lebuhraya ini adalah urusniaga yang kedua dalam masa sebulan yang didakwa membelakangkan kepentingan rakyat.

Kes pertama adalah semasa pembelian aset dan perniagaan Tan Sri Ananda Krishnan oleh dana 1MDB yang dikawal sepenuhnya perdana menteri berjumlah RM8 bilion, walaupun 1MDB tidak pernah ada sebarang pengalaman di dalam industri penjanaan tenaga.

"Perdana Menteri mungkin berfikiran beliau boleh mendiamkan diri mengenai NFC, tetapi sudah tentu jumlah dana rakyat sebesar RM976.6 juta ini memerlukan jawapan dari beliau memandangkan urusniaga tersebut tidak boleh berlaku tanpa kelulusan beliau sendiri sebagai Menteri Kew! angan, akhiri kenyataan Rafizi itu.-malaysiakini

cheers.

Posted byali allah ditta

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