The government is set to establish a new set of terms for future expressway concession agreements and projects. Particularly, one of its latest terms will involve the right to terminate concession agreements prior to any initially agreed end periods.
According to a Bernama report, Datuk Seri Abdul Wahid Omar, a minister in the Prime Minister’s department, said that this new term can be exercised when related concession companies manage to exceed their initially projected profits.
The minister’s comments were in response to Datuk Fauzi Abdul Rahman’s (PKR-Indera Mahkota) questions at Dewan Rakyat today of whether the government would be willing to review its privatisation projects, in favour of keeping the ones that around found to benefit the people, and cancelling those that add further cost-related burdens to them — he was primarily referring to the recent toll hikes set across the Klang Valley.
Abdul Wahid also said that there is little Putrajaya can do surrounding existing and current concession agreements without the concession companies first agreeing on any modifications to the original terms. He did, however, mention that there are occasional talks between the government and the highway concessionaires to prevent these companies from blindly increasing toll rates further.
Wahid told reporters that, “yes, in the concession agreement, they are allowed to increase the toll rates from time to time, but we still want to ensure that the rates remain reasonable.”
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Aiyo, this should have been done ages, many years ago lar!!!
All the terms in the world don’t matter when the concessionaire is a big gun in UMNO. This is what is happening in Malaysia. All concessionaires are UMNO members directly or indirectly. So who can lawan them?
You think in the future, even with fair terms, our government will terminate the agreement with a fellow UMNO buddy?
Nobody can touch UMNO la. So in the first place, why have proper terms and all that when there is no tender process etc?
Abdul Wahid is a big liar. Parliament is Supreme. Parliament can enact any act. they can come out with an act that says all previous agreements are void because it is lopsided and burdensome to the rakyat.
they can do this to the IPP. Because the IPP are screwing TNB, TNB screws us with very high charges. Ask any Klang Valley house owner, RM400 per month is very normal. This figure gloablly, is shockingly high.
Until now, Government never touch IPP. Until now, they refuse to touch the toll concessionaires. Why? Very simple. they are all cronies or UMNO linked.
Prove it!
Show it to all rakyat the agreement details! Lopsided or not!
Don’t hide it under national secret crap!
“…would be willing to review its privatisation..”
Read between the lines.
These Wahid Omar, Idris Jala & Paul Low all using the same lines …
– We are aware of the problem and we are looking into it.
– The transformation program has see fruits but we agree that there are still much to be done.
– I think we should curb corruption, we are planning it.
You have been hearing that car will be cheaper (AFTA and now TPP) and Proton can stand by their own for ages, have you seen it?
The exit clause should be in any T&C before executed. Thus i personally think earlier agmt was done either half baked or intentionally.
Just a show.. profit can be manipulated. Should be check on revenue.. and expenses to be thoroughly checked?
Lower FUTURE toll charges (compensated by increasing number of vehicles) with higher INITIAL cost, tendering or not. Either way the loser is the tax-payer. The issue has always been transparency of the contract signed and crony-ism.
Dengar dulu lah… cakap tak serupa bikin.
Wayang kulit start really early. GE14 not tomorrow according to Ahmad Maslan. So early start show for what.
more lopsided deal….that enriches cronies. More deals to suck the blood of the rakyat.
Even kids knows these dishonest blood suckers bastards…