'The present Penang state government has undergone the bitter and painful experience of paying RM 14.7 million(still unrecovered) for the Tang Hak Ju land scandal incurred by BN and another RM20 million to Boustead Holdings Bhd for reducing the height of their hotel in George Town to 5 storeys from the 12 storeys approved by BN.
Even though BN had approved 3,241 acres of land reclamation, only 744 acres had been reclaimed. Postponing the remainder, especially the Tanjung Pinang land reclamation project by E&O Bhd, could have entailed compensation costs of up to RM1 billion. This may bankrupt the state.
In moving the motion against land reclamation, UMNO ADUN Muhammad Farid Saad did not apologise for being a part of the BN government before 2008, that approved 3,241 acres of land reclamation as compared to 60 acres by the present Pakatan Harapan(PH) state government. Neither did he offer full indemnity from the Federal government to pay back-to-back to the state government for making compensation payments for any cancellation of land reclamation projects by BN. What I find surprising is that some NGO activists, chose to support Farid’s motion and ignore the huge 3,241 acres of land reclamation approved by BN or the possible compensation payouts and lack of indemnity from the federal government.'
More:
http://teresakok.com/2015/11/24/on-lim-guan-eng-and-penang-umnos-motion-to-postpone-land-reclamation/
Link
Even though BN had approved 3,241 acres of land reclamation, only 744 acres had been reclaimed. Postponing the remainder, especially the Tanjung Pinang land reclamation project by E&O Bhd, could have entailed compensation costs of up to RM1 billion. This may bankrupt the state.
In moving the motion against land reclamation, UMNO ADUN Muhammad Farid Saad did not apologise for being a part of the BN government before 2008, that approved 3,241 acres of land reclamation as compared to 60 acres by the present Pakatan Harapan(PH) state government. Neither did he offer full indemnity from the Federal government to pay back-to-back to the state government for making compensation payments for any cancellation of land reclamation projects by BN. What I find surprising is that some NGO activists, chose to support Farid’s motion and ignore the huge 3,241 acres of land reclamation approved by BN or the possible compensation payouts and lack of indemnity from the federal government.'
More:
http://teresakok.com/2015/11/24/on-lim-guan-eng-and-penang-umnos-motion-to-postpone-land-reclamation/
Can't help noticing the similarity of this with the usual BN's 'win-win' lop-sided contracts, at the expense of the people. To undo would cost the people lots of money.
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