Malaysia’s proposal for the controversial multibillion ringgit Padma Bridge project appears to be fizzling out, after several Bangladesh press reports described it as ‘not viable’ and ’empty’.
See the Financial Express and Daily Express reports.
The Daily Express also reported that the Malaysian firm involved did not extend the bid validity time. It added that the Malaysian firm “pulled out of the project due to the year-long funding stalemate with the World Bank, leaving the authority in a fresh dilemma over starting the approach road construction immediately.”
The Daily Star, for its part, said the Malaysian firm, which had the lowest bid, “withdrew sensing that it quoted 29 percent less price from the estimated cost”, which has been rising due to the delays.
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Malaysia has a lot of development projects to do.
Samy should be re-called back to the country and
his appointment must be cancelled so that the
Malaysian people can share his salary etc.
He is holding a ministerial and DIPLOMATIC
Before the passport is misused,… the IMMIGRATION DEPT
SHOULD TAKE IMMEDIATE STEPS TO CANCEL IT.
There are so many issues government dealing with but whenever they talk to other parties about Padma bridge they must open up and tell the truth. unless government can bring back the credibility to interested parties including world bank. Padma bridge is far away.
Samy Velu is doing a good job signing MOUs left, right and centre in the Sub-Continent. MOUs aren’t worth the paper they are written on, but the Govt makes it sound as a huge success for Malaysian bids in that region. Good publicity, that is all it seems to be