Najib: Cronies rejoicing over RM46 bln price tag for PTMP

Najib: Cronies rejoicing over RM46 bln price tag for PTMP

PUCHONG: Former prime minister Datuk Seri Najib Tun Razak mocked Finance Minister Lim Guan Eng for getting the government to bear the cost of the Penang Transport Master Plan (PTMP) to the tune of RM46 billion.

In a Facebook post today, Najib said it was ironic that the federal government had agreed to the massive amount of funding whereas he was criticised when a government guaranteed bond for 1Malaysia Development Bhd (1MDB) was issued in the past.

“The prime minister Tun Dr Mahathir Mohamad even signed a guarantee letter to the Penang chief minister Chow Kon Yeow for the bond issuance.

“In the past, I was criticised by the same group for the government guaranteed bonds for 1MDB. However, 1MDB bonds were only worth RM5 billion, not RM32 billion or RM40 billion.

“Even then, the then 1MDB chief executive officer Datuk Shahrol Azral Ibrahim has confirmed that the bonds were issued before my time,” he said.

Najib was referring to the Penang state government’s controversial PTMP, aimed at improving the infrastructure and transportation system in the island.

The project, which had received brickbats from fishermen and environmentalists, is expected to be completed in 2030.

Najib, who is also Pekan MP, questioned Mahathir’s rationale in approving Lim’s pet projects, including the Penang Undersea Tunnel plan and Pan Island Link (PIL).

“PIL is worth RM9 billion, which length stretches up to 19. 5km. It translates into RM461 million for each kilometre,” he said.

Najib also called out DAP for lying to the public, saying the party had promised in the past that the PTMP project will be funded by land sales and ownership.

“But now they’re paying cash by adding to our national debt.

“RM46 billion is not a small amount. I’m sure the cronies are having a good time now,” he said.

By Irman Hashim

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