Penang port: Who pays for dredging? Who reaps profit?

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Now we see various quarters pushing for the RM353m dredging work to be carried out at the Penang port, which is being privatised to Syed Mokthar Al-Bukhary’s Seaport Terminal. This raises several questions.

The dredging is expected to boost operations at the port and presumably increase the port’s profitability arising from the extra volume expected. So the profits or benefits will go to Penang Port – but who pays for the dredging? Will the money come out of public funds? Another case of privatisation of profits and socialisation of costs?

Who actually does the dredging work? Will there be an open tender or will the RM353m go to the company which has a monopoly concession for the dredging of ports? If it is the latter, who really owns this concessionaire firm directly or through proxies?

And finally but no less important, who will independently monitor the dredging work to ensure that the actual volume of dredging carried out is what is claimed?

These questions must be answered. Private firms stand to benefit from the RM353m (presumably out of public funds) while the public remains in the dark.

No to the privatisation of Penang port.

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lla

if the gov (whether it is Federal or state) pays for the dredging, it is not right as this is already a privatized project. MMC should pay for it as I do not see any spins off on economy that benefit Penangite. Only TSM benefit it when he RESELL the ports to another person,

Know why TSM wants to buy POS MALAYSIA??. not because of improving the lifestyle of postmen…..he is just after all the POS buildings in Malaysia – these buildings are located in the CBD……the rest you know why,

Desmond Lee Chee Moon

2 Things..1) The Dredging works is a GOLD MINE that will contiguously make money for PPC past and future leaders and their cronies companies because the Butterworth Port channel channel according to a survey done by USM professor states that due to the natural sea and oceanic under water current, if you did or deepen the channel by removing the sea sand under the channel…the under water current from the Adaman sea will continueously bring in the sea sand again and again and again never ending fron the Indian Ocean to Andaman sea to Penang/Butterworth Deep sea port.That is why… Read more »

Desmond Lee Chee Moon

2 Things..1) The Dredging works is a GOLD MINE that will contiguously make money for PPC past and future leaders and their cronies companies because the Butterworth Port channel channel according to a survey done by USM professor states that due to the natural sea and oceanic under water current, if you did or deepen the channel by removing the sea sand under the channel…the under water current from the Adaman sea will continueously bring in the sea sand again and again and again never ending fron the Indian Ocean to Andaman sea to Penang/Butterworth Deep sea port.That is why… Read more »

sam

Looks like whenever the Federal govt do a public job for Penang,a lot of suspicions will arise.
In order to show sincerity,the Federal govt should call for a open tender on the job and for the supervision part,should invite experts from the Penang govt.

1 slave

who pays– the answer is — poor TAXPAYERS>> who reap the profits– some smart CRONIES lah