Another sugar coated deal but at whose expense?
Naza-TTDI, a unit of the diversified Naza group, will build the expo centre on a 13.1-acre site in Jalan Duta in exchange for 65 acres of state land at RM226 per square feet (psf) although the market value of the land could reach RM1.5 billion. The entire project will have a gross development value of RM15 billion, the developers said last week.
The DAP has urged the Najib administration to have an open tender for the proposed Matrade expo centre in Jalan Duta after the controversial RM628 million project was given to Naza TTDI in a building-for-land deal.
Tony Pua said the prime minister should also declassify all ministerial papers relating to the project and table it in Parliament to show necessary due diligence has been done to ensure costs and profits were not inflated if they persisted with Naza TTDI as the contractor.
He added that the government is planning on a similar privatisation project which will involve 6.5 million sq ft of land in Jalan Cochrane for an MRCB joint venture worth an estimated gross development value of RM15 billion.
Ironically, I was asked by a journalist if the Iskandar development region is facing a crisis with the current management change.
I responded that it might be a huge challenge for the project to achieve measurable success if the government does not change the way it deals with the business sector.
Direct negotiated projects which favour certain companies like the ones mentioned above do not help to enhance foreign investors confidence in Malaysia. It confirms their fear that the public procurement process is not transparent and open.
The government still favour some companies over others. I support the Dap call to have an open tender for the project. An open tender system is the best way to reverse investors' perception of the country. It helps to ensure that a project is awarded to the best contractor.
A lack of transparency does not help us to become a competitive economy.
This is the attitude we see in the government and public sector today. It is impossible that these policy makers did not see the negative consequence. It is just that THEY DO NOT CARE.
This "I don't care" attitude is going to bring all of us down. I hope Malaysians will not display the same kind of attitude by tolerating corruption, nepotism and racism in their politics.
Kudos to Tony and DAP for doing a good job. I hope the same kind of attitude can be repeated in Penang, a state government led by the party.