Loss of Bandar Malaysia deal not end of the world, economist says


Bernard Saw Khoo Gek San

While economists do not think the end of the Bandar Malaysia mega project will impact the economy too much, there may be knock-on effects if no similar projects are in the pipeline. – TRX City handout pic, July 18, 2021.

THE collapse of the RM7.41 billion Bandar Malaysia deal is not a bad development in view of the Covid-19 pandemic, which is of greater urgency for the government, an economist said.

The government will need funds to fight the pandemic and for economic recovery, Socio-Economic Research Centre (SERC) executive director Lee Heng Guie said.


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Comments


  • Construction needs to be according to the rules of supply and demand. Roads should be planned to accommodate public transportation as a priority in towns, not cars. Infrastructure projects such as better rail and public transportation must be prioritized over buildings for residential or commercial use. Prices must match quality and standards of construction. Not what ethnicity you hold.

    Posted 2 months ago by Malaysia New hope

  • Apart from this refund are there other payments to other non Govt. parties ? There should be more explanation on how the refund was determined

    Posted 2 months ago by Mohd Rizal

  • The HSR will benefit Singapore much more than Malaysia. This high speed land connectivity will open up the whole of peninsula Malaysia to Singaporean and Singapore based investors and entrepreneurs. They no longer have to move their base of operations to say, KL in order to be close to their factories as they can just catch a HSR an be in the centre of KL in 1.5 hours.

    Tun Mahathir is right is saying we should just upgrade our Double tracking electric train to Spore. Look at the causeway issue. Malaysia wanted to demolish the causeway and replace it with a new state of the art bridge to cater for the volume of traffic. Singapore refused and Tun then suggested that Malaysia just do its part. Hence the crocked bridge because of the constrain of space. As it is proven now, the causeway is jammed packed and inadequate to handle present day traffic (covid excepted).

    Singapore always gets their way in negotiations with us. Its time for us to stop glorifying Singapore.

    Posted 2 months ago by Super Duper