Tuesday, April 08, 2008
Todays' theSun front paged a report, here, that the new Minister of Transport Ong Tee Keat has promised a full report which will put to rest the controversy over the RM4.6 billion Port Klang Free Zone (PKFZ) project. He said to uphold transparency, the government had the responsibility to explain the issue, which had been exploited by the Opposition in the last general elections. Asked when the report will be ready, he said it will be out soon once a thorough report is completed. “We will not just give a statement to explain everything. The report will explain the economic impact of the project on Selangor and the country."
Whatever happened to the much publicised investigation carried out by the parliamentary Public Accounts Committee headed by Shahrir Samad? A total waste of time and money, I believe, since it was not conclusive.
In another report, former Subang Jaya assemblyman and losing MCA candidate for the Kelana Jaya parliamentary seat Lee Hwa Beng (I didnt vote for him!) is poised to be the next chairman of Port Klang Authority (PKA). Sheeesh.
"When he takes over as chairman, Lee’s task will include resurrecting investor confidence in the RM4.6 billion Port Klang Free Trade Zone which has the potential of being a white elephant due to limited facilities that are not tailor- made to serve the needs of shipping and logistics companies," says theSun.
It is also learnt that the PKA will also see a new general manager this year as O.C. Phang’s tenure which ends in June will not be renewed. Phang, who has served as general manager for four terms which was quite unprecedented, has been largely blamed for PKFZ’s shortcomings as well as PKA’s dwindling cash reserves from RM500 million, which prompted the authority to seek a RM4.6 billion 'soft loan' bailout from the federal government to finance the project.
I for one, am hopeful that the new Selangor state government, which has recently expressed interest in acquiring the project for a token book value of RM1, will do a proper and thorough due diligence to uncover the truth behind the fiasco. (Read also my earlier blog, here).
Logged by The Ancient Mariner at 19:10