It is an open tip which a 13th general choosing has been postponed multiple times since a Prime Minister Dato' Seri Najib Razak fears losing power to Pakatan Rakyat. However it is now clear which a other reason for invariably postponing a choosing is to safeguard which he is means to plate out all a lucrative privatisation as well as procurement deals to favoured parties to commit any brand brand new incoming supervision to these contracts.
Hence it came with little surprise which a Prime Minister's Department awarded a brand brand new RM1.55 billion East Klang Valley Expressway (EKVE) concession around approach traffic to Ahmad Zaki Resources Bhd (AZRB) upon Wednesday this week.
We would of march subject a "privatisation" stipulate which involves a Government forking out RM635 million in soothing loan to AZRB, notwithstanding a 50-year concession being a second longest awarded in Malaysia's history.
Why privatize when there is no such need?
The viewable subject is, if a Government is already means to fork out scarcely half of a compulsory investment to build a highway, why is there a need to privatise it in a first place? Is it so which sure companies can bleed a rakyat for multi-billion ringgit increase in a future?
However, of even greater regard is a coercion during which these contracts are being dished out by a Prime Minister's Department itself. Just 4 weeks ago, an additional jot down RM5.2 billion West Coast Expressway was finalised, giving a concessionaire Kumpulan Europlus up to 60 years to reap a profits, notwithstanding a RM2.24! billion soothing loan as well as a land acquisition cost of RM980 million borne by a Government.
Earlier final year, a Government additionally awarded a RM2.2 billion Kinrara Damansara Expressway (KIDEX) project to companies linked to UMNO lawyer Datuk Hafarizam Harun as well as recently late Chief Justice Tun Zaki Azmi, who was additionally prior to UMNO's Discliplinary Committee Chairman.
MRT Corp which oversees Malaysia's largest infrastructure project in history, announced in November final year which RM19.8 billion of stipulate functions have been awarded, with 45% or RM8.82 billion starting to "bumiputera" companies. Last week only prior to a gratifying break, an additional RM322 million value of contracts were awarded.
In August final year, Najib additionally awarded a controversial RM1.2 billion Ampang LRT Extension stipulate to H2O meter manufacturer George Kent Bhd. Despite carrying no knowledge in a rail industry, a internal company with known links to a Prime Minister beat other experienced tellurian players, together with Balfour Beatty which submitted a proposal during a significantly reduce price.
A month later, an additional RM1.33 billion stipulate was awarded to MRCB for other functions upon a same LRT line.
The above are only a shortlist of a billions of ringgit of contracts as well as privatisation agreements which have been signed by a Government in a final twelve months alone. The rate during which these contracts are being dished out points to 2 things. Firstly, there is a never seen prior to coercion to award vast contracts prior to a general elections, obviously out of fright which there is a genuine likelihood which Barisan Nasional will lose power, as a result a "Sapu Malaysia" mentality.
The final grab prior to a mom of all battles
Secondly, in dishing out these lucrative contracts, it is sure which BN is additionally desperately raising funds from their cro! nies in return, to fight their "life as well as death" mother-of-all-elections to safeguard a survival.
There is as a result no subject which a probability of a brand brand new Pakatan Rakyat federal supervision is very real. However, you will have to first overcome a dirtiest of all elections as BN will spare no expenses to "buy" victory in a polls with a massive fight chest it would have raised.
Tony Pua is a DAP MP for PJ Utara
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Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
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