Konsortium Zenith BUCG Sdn Bhd chairperson Zarul Ahmad Zulkifli has denied that the Penang highways-tunnel project will be undertaken by a RM2 firm.
Zarul has emerged as one of the faces of the consortium that was awarded the tender. See the Rocketkini report here.
Who exactly is Zarul and what is his background and expertise in tunnel construction and highways?
A Zarul Ahmad Zulkifli was reportedly the chairperson of Syarikat Pegasus Solutions Sdn Bhd, which operates the bus ticketing portal, ALLtickets.my (Utusan website). Here he is pictured with Minister Nazri at the launch of the portal in 2009. Interesting.
We still need to know more about the key players behind all three local companies, along with their company profiles, to evaluate their expertise for such a huge project.
As for BUCG, it is already involved in the construction of the Pearl@KLCC.
Juteras Sdn Bhd appears to be a project architects/resort design-and-build firm founded in 1997.
There is scant information online about the Cheras-based Sri Tinggi Sdn Bhd, apart from it being in the construction line.
What is going to be the local firms’ respective profit/revenue-sharing ratios arising from the development of the 110 acres of prime reclaimed land and the toll revenue from the tunnel, bearing in mind their vastly lower paid-up share capital/financial clout compared to the firms from China?