Posted by Victor Yong > 2018-10-09 20:33 | Report Abuse

:)

Govt to review international open tender decision on MRT2

The government will be reviewing its decision to open an international tender process for the Mass Rapid Transit 2 (MRT2) underground works, says Tun Dr Mahathir Mohamad.

NSTP/ ZULFADHLI ZULKIFLI.

By Manirajan Ramasamy, Hazwan Faisal Mohamed - October 9, 2018 @ 6:49pm

KUALA LUMPUR: The government will be reviewing its decision to open an international tender process for the Mass Rapid Transit 2 (MRT2) underground works, says Tun Dr Mahathir Mohamad.


The prime minister said the government is doing so as the restructuring efforts announced recently had affected a workforce of around 20,000 people.

“We are studying this carefully and reviewing this matter. It will be discussed,” said Dr Mahathir after delivering the closing address at the Khazanah Megatrend Forum 2018 here on Tuesday.

Also present were Economic Affairs Minister Datuk Seri Mohamed Azmin Ali, and Khazanah Nasional Bhd (Khazanah) general manager Datuk Shahril Ridza Ridzuan.

On Tuesday, Finance Minister Lim Guan Eng said the government is determined to obtain the best value when it comes to public expenses, especially when it involves huge loans.

The Finance Ministry in cooperation with the Transport Ministry, government agencies such as Mass Rapid Transit Corporation Sdn Bhd (MRTCo) and other private entities have been conducting negotiations to reduce the MRT2 project costs since May 2018.

The move would reportedly lead to savings of RM5.22 billion of 23 per cent of the above ground costs for the MRT2 project.

MMC Gamuda KVMRT (T) Sdn Bhd (MMC Gamuda), the firm initially awarded the contract for underground works, had on Monday said the contract termination would affect a workforce of more than 20,000 people, as well as 600 companies from the supply chain.

From the figure, more than 3,000 workers are from MMC Gamuda JV, with 60 per cent of them Bumiputera.

On another development, Dr Mahahthir said he was not informed of any recovery plans by Khazanah for Malaysia Airlines Bhd (MAB).

“They (Khazanah) did not tell me. We will see (this recovery plan),” he said.

Additional reporting by Ayisy Yusof and Luqman Arif Abdul Karim.

Posted by JJchan > 2018-10-09 20:33 | Report Abuse

The only problem is Gamuda Ceo will be Hit by MaCC before he reached Holland( maybe a Heaven in Hell )

Posted by ray1980 > 2018-10-09 20:33 | Report Abuse

Business feel so bad on Malaysia.Local n foreign would be less or cancelled to invest here.Waiting own country crisis before global crisis.

Posted by hipster > 2018-10-09 20:36 | Report Abuse

PKR is bringing this country back to stone age.
what have they achieved so far?
well let's see, kill off the construction sector, everyday say we have a lot of debts, the 1mdb drama, the TunM & anwar drama and more dramas ... and one more thing, no drinking with straws from now onward.
so ppl pick your poison, corrupt BN or stupid PKR?

Posted by chinaman > 2018-10-09 20:37 | Report Abuse

We reap what we sow. wakaka

Posted by Lucas Chan > 2018-10-09 20:38 | Report Abuse

Vitac, what’s you said is just ph seem like bn gov?? Unfair government like previous bn?? Now a day, we just hope ph can be fair and not going back the way like bn management!

Posted by Alibaba > 2018-10-09 20:39 | Report Abuse

Termination not confirm yet. Tun M : contract to be reviewed

Posted by jolow > 2018-10-09 20:40 | Report Abuse

https://en.wikipedia.org/wiki/International_Court_of_Justice

Posted by godhand > 2018-10-09 20:41 | Report Abuse

If really nation interest. Then cannot give china. Not even negotiable

Posted by sjwee3 > 2018-10-09 20:41 | Report Abuse

Don't dispute with govt. Or you will gain nothing.

Posted by Lucas Chan > 2018-10-09 20:41 | Report Abuse

If gamuda taking legal action to claim the compensation ph have to be accept!! And can’t unfair to gamuda to gain any new project in future just because of compensation !!

Posted by valuelurker > 2018-10-09 20:42 | Report Abuse

Ala u all dunno ka what they playing...good cop bad cop LGE say cancel because way over cost how can the rakyat bear the burden of past atrocities, tun M come in say we review, MMC Gamuda no choice cut by 50% lot in the end 'win-win' but actually MMC Gamuda still lose la lolol

Posted by luckyparit > 2018-10-09 20:44 | Report Abuse

https://www.malaymail.com/s/1681021/pm-govt-to-discuss-earlier-decision-to-terminate-mmc-gamuda-for-mrt2

Posted by luckyparit > 2018-10-09 20:45 | Report Abuse

Hope TM will sort it out

Posted by vitac > 2018-10-09 20:45 | Report Abuse

I didn't say they are like BN, but they lack of experience compare with the previous gov. must give them some time hope we all still can survive then.They do by theory not practically.

Posted by sjwee3 > 2018-10-09 20:46 | Report Abuse

Terima sajalah. APA boleh buat?

Posted by Pilotsport > 2018-10-09 20:47 | Report Abuse

Why hasn't the Gamuda received the notification letter yet?

Posted by sjwee3 > 2018-10-09 20:49 | Report Abuse

Need to do some diplomatic. Don't be too obvious.

Posted by sjwee3 > 2018-10-09 20:50 | Report Abuse

If not create chaos.

Posted by Lucas Chan > 2018-10-09 20:51 | Report Abuse

I found out, gamuda still a winner in the issue, in the end gamuda will
Still make profit from it but just not that’s much as it become the tender initially

Posted by meisarel > 2018-10-09 20:52 | Report Abuse

http://m.thesundaily.my/node/77350

Old story..... but the same Tun.

Posted by vitac > 2018-10-09 20:53 | Report Abuse

I have different opinion, i think they still can get the project but after the price cut the QR will be in RED.

Posted by vitac > 2018-10-09 20:54 | Report Abuse

Maybe for a few QR

Posted by feimah > 2018-10-09 20:54 | Report Abuse

CCCC may not want it even you put red carpet. Once bitten twice shy..

Posted by ooibkk23 > 2018-10-09 20:55 | Report Abuse

I bought at the last minute because I believe ph government will u turn. Hope for the best. Not going to hold but aim for contra gain.

Posted by meisarel > 2018-10-09 20:56 | Report Abuse

"They (MMC-Gamuda JV) are the only one who seem to have the experience. I think they stand a good chance to win the project," Mahathir said.

He said the project should be awarded to local companies to further enhance the engineering capabilities of these companies.

:)

Posted by Lucas Chan > 2018-10-09 20:58 | Report Abuse

Hahaha! U-turn absolutely agree!

Posted by vitac > 2018-10-09 20:59 | Report Abuse

Not just Gamuda la, we still have Ijm, Kimlun, Suncon and many more they also can form JV co.

Posted by sjwee3 > 2018-10-09 20:59 | Report Abuse

Are you kidding me , gamuda is the only one local company?

Posted by feimah > 2018-10-09 21:01 | Report Abuse

Ya many companies can do the job on ground surface. Probably 20-30% will be out of job.

Posted by optimusprimeXV > 2018-10-09 21:04 | Report Abuse

Don’t worry they will survive..lge wayang wayang to get the price down ... Gamuda gets it then they also pay tax come on

Posted by sjwee3 > 2018-10-09 21:04 | Report Abuse

Gamuda only sub contract to other company. They do nothing just like the young engineer ask Bangla to work exactly the same manner.

Posted by Victor Yong > 2018-10-09 21:06 | Report Abuse

:) dah ingat dah

MMC-Gamuda JV positive on MRT tunnel bid



Posted on 15 December 2011 - 08:12pm
PREMALATHA JAYARAMAN
sunbiz@thesundaily.com


Mahathir signing the plaque to launch the MMC-Gamuda Tunnelling Training Academy in Shah Alam Thursday. Anwar Faiz Ahmad Tajudin/THESUN
SHAH ALAM (Dec 15, 2011): MMC-Gamuda Joint Venture Sdn Bhd, the project delivery partner of the RM40 billion Klang Valley Mass Rapid Transit (MRT), said it is positive on its chances of bagging the tunnelling portion of the project.

The government is expected to announce the bid winner by May next year.

"We have done our best and we have come up with a competitive proposal to secure the project,'' Gamuda managing director Datuk Lin Yun Ling said.

And the joint venture has done itself a huge favour by winning a ringing endorsement from former prime minister Tun Dr Mahathir Mohamad, who attended an event to officiate the MMC-Gamuda Tunnelling Training Academy here today.

"They (MMC-Gamuda JV) are the only one who seem to have the experience. I think they stand a good chance to win the project," Mahathir said.

He said the project should be awarded to local companies to further enhance the engineering capabilities of these companies.

"As to who will construct it, that is a matter for the government to decide. I would like to see a local company do this project," he said.

Gamuda and MMC have partnered each other in several mega projects, with a string of tunnelling successes under their belts. These include the RM1.9 billion Stormwater Management and Road Tunnel (SMART) project, a 3.3km tunnel through Bukit Berapit for the RM12.5 billion double-tracking project as well as Penchala Tunnel of the Western Kuala Lumpur Traffic Dispersal Scheme (Sprint).

The Klang Valley MRT project was initiated and proposed by MMC-Gamuda Joint Venture.

Posted by sjwee3 > 2018-10-09 21:06 | Report Abuse

Gamuda have no value

Posted by sjwee3 > 2018-10-09 21:07 | Report Abuse

Where the maintenance also sub to other to do. If other can do what for need gamuda as middle man? Wasting resource.

Posted by John Angel > 2018-10-09 21:09 | Report Abuse

all in !!!!!!! golden chance for us !!!!!!!!!!!!!!!

Posted by vitac > 2018-10-09 21:10 | Report Abuse

Because they have the license and many experience engineers.

Posted by sjwee3 > 2018-10-09 21:11 | Report Abuse

Like I give you money you give a portion to other. Ridiculous.

Posted by Pilotsport > 2018-10-09 21:11 | Report Abuse

http://www.sinchew.com.my/node/1801518

Posted by Pilotsport > 2018-10-09 21:11 | Report Abuse

Roti canai loh

Posted by Victor Yong > 2018-10-09 21:11 | Report Abuse

:)

Gamuda a 'crony'? Najib points to shareholders list
9 Oct 2018, 4:32 pm (Updated 9 Oct 2018, 5:22 pm)


Former prime minister Najib Abdul Razak has refuted accusations of Gamuda Bhd being his "crony", and invited Malaysians to scrutinise the construction giant's shareholding structure.

In a post on Facebook today, Najib uploaded a list of the company's top 30 shareholders, and pointed out that a number of government-linked funds sit among them.

"Are my cronies the Employees Provident Fund (EPF), Permodalan Nasional Bhd (PNB), Retirement Fund Incorporated (Kwap), private investment funds or insurance companies?


"No. These are all owned by the people, and the benefits are returned to the people," he said.

Najib reiterated points raised in his Facebook post from yesterday, which included how the Gamuda and MMC Corporation Bhd joint venture had won the bid for the MRT2 project fairly through a tender process in 2016 that involved four other international firms.

"Gamuda won (the bid) because they presented the plan at the cheapest price. There is no guarantee that the new contract will be cheaper through a new tender.

"It is easy for the rakyat to believe allegations that Gamuda is my crony. Are my cronies the rakyat themselves?" he asked.


On Sunday, Finance Minister Lim Guan Eng announced that the overground portion of MRT2 had been pared down by 23 percent to RM17.42 billion, adding that this would allow the government to save RM5.22 billion.

However, Putrajaya was unable to reach a deal on the underground portion, a RM16.71 billion project which was won by MMC-Gamuda.

A fresh international tender process is expected to be called within the next three months.

Najib, in his posting, did not mention MMC shareholders.


According to MMC's website, its largest shareholder with a stake of 51.76 percent is Seaport Terminal (Johore) Sdn Bhd, which is owned by tycoon Syed Mokthar Al-Bukhary.

The remaining substantial shareholders are government-linked investment funds namely PNB, EPF, Kwap and Tabung Haji.

The Pakatan Harapan government has undertaken an aggressive review of mega infrastructure projects approved by the Najib administration in recent months.

Harapan argued that these projects are no longer affordable given the debt the country is now saddled with.

Posted by sjwee3 > 2018-10-09 21:13 | Report Abuse

Under gamuda there got supply chain of 600 company. Please step down if you cannot handle the project.

Posted by ray1980 > 2018-10-09 21:13 | Report Abuse

If want talk the cut cost %,why not talk inside office?The government want talk outside to give people n global listened?

Posted by sjwee3 > 2018-10-09 21:14 | Report Abuse

Is unlogical to have 600 supply chain and 20k worker under tunnels construction.

Posted by sjwee3 > 2018-10-09 21:15 | Report Abuse

All eat money..

Posted by jolow > 2018-10-09 21:22 | Report Abuse

all the workers play mahjong inside the tunnel.
that's why they need so many workers.

Posted by Victor Yong > 2018-10-09 21:22 | Report Abuse

Najib sungguh berminat Dalam kes ini :)

Najib: Kroni sebenar saya ialah rakyat
Najib Razak
9 Okt 2018, 4:59 petang (Dikemaskini 9 Okt 2018, 5:33 petang)


ULASAN l Saya lihat ada yang mengkritik saya apabila saya meluahkan kesedihan pakej MRT2 yang diperolehi Gamuda-MMC secara tender terbuka ditarik balik di mana 20,000 pekerja dan 600 lagi syarikat tempatan akan hilang punca pendapatan begitu sahaja.

Mereka menuduh Gamuda ini kroni saya atau kroni Umno.

Ini ialah senarai 30 pemegang saham terbesar Gamuda. Adakah kroni saya KWSP, PNB, KWAP, unit amanah swasta ataupun syarikat insuran hayat?

Tidak. Semua ini akhirnya dipegang oleh rakyat dan manfaat dipulangkan kepada rakyat sendiri.

Ketika pentadbiran saya, saya telah memastikan pertumbuhan ekonomi berterusan dan tumpuan diberikan kepada rakyat dalam memastikan dividen lebih tinggi bagi KWSP, PNB, Tabung Haji dan dana lain berbanding pada akhir 1990 dan awal 2000.

Kebanyakan projek-projek besar di Malaysia diberi kepada syarikat-syarikat berkebolehan yang sahamnya banyak dipegang oleh tabung-tabung simpanan rakyat.



Berbanding akhir tahun 2008, iaitu sebelum saya menjadi menteri kewangan dan perdana menteri sehingga saya berhenti, aset KWSP naik dari RM341 bilion kepada RM841 bilion.

Aset PNB naik dari RM120 bilion kepada RM280 bilion, aset Tabung Haji naik dari RM20.8 bilion kepada RM73 bilion manakala aset KWAP naik dari RM52 bilion kepada RM140.8 bilion.

Untuk makluman, pakej MRT2 Gamuda-MMC yang dibatalkan ini telah dianugerahkan kepada mereka pada tahun 2016 di dalam tender terbuka antarabangsa di mana syarikat ini antara senarai pendek lima ssyarikat dan Gamuda-MMC berjaya mengatasi saingan dari dua syarikat gergasi China, Hyundai Engineering dari Korea dan Taisei Corp dari Jepun.

Gamuda menang dari segi teknikal yang terbaik dan harga yang termurah.

Belum tentu harga akan menjadi lebih murah jika pakej MRT2 ini ditender semula.

Amat mudah saya lihat rakyat diperdaya untuk memfitnah saya kononnya Gamuda adalah kroni saya.

Adakah kroni sebenar saya ialah rakyat?




DATUK SERI NAJIB RAZAK ialah anggota parlimen Pekan dan bekas perdana menteri Malaysia ke-6.

Tulisan ini pertama kali dimuat-naik di Facebook miliknya dan merupakan pandangan peribadi penulis serta tidak semestinya mencerminkan pendirian rasmi Malaysiakini.

Posted by ooibkk23 > 2018-10-09 21:22 | Report Abuse

Tomorrow up ?

Posted by Victor Yong > 2018-10-09 21:24 | Report Abuse

Najib was quiet on the major shareholders of MMC haha

Posted by feimah > 2018-10-09 21:25 | Report Abuse

LGE muka taktau mana nak letak kalau u-turn. malunya...