All eyes on………SMASH
With the impending budget nearing, could it be that there are some signals that we have missed?
Take for example, some minor jockeying for position in the political parties, Murugiah to MIC and now Peter Pang does a Peter Pan. Let’s not even talk about Taib and the Sarawak Elections (next change).
Ahh…all that talk and no one has even bothered to keep this big pie within earshot! So Madey was right! Kita semua mudah lupa!
Well guess what!
We have not!
We are your eyes and ears to ensure that no Ali Baba can whisk away our roads without first answering to US! The Rakyat!
Guessed you must have missed this late August! After all, it was in the chinese papers!
reproduced without permission!
SMAB SUBMITTED PROPOSAL TO TAKEOVER ALL TOLL CONCESSIONS WITH RM25 BILLION IN THE LAST TWO MONTHS
Nanyang – News, August 25 ’10
According to a source, a few highway concessions has received takeover proposals from SMAB besides PLUS.
However, the highway concessions said that it is not positive for SMAB to persuade government to consider the takeover plan due to bank financing and bond issue matters.
“Even if the government is willing to deal with SMAB but it will need a few years as it is a complicated plan and the issue cannot be settled by money only.”
In addition, the source also highlighted that Renong is interested to bid for some highway concessions because Renong is a shareholder for PLUS.
The source also highlighted that the reason for the government not willing to announce for the toll hike is to give time to process the takeover plan.
“JKR received SMAB’s takeover proposal but it is under EPU, and JKR refuse to give comment of the takeover plan.”
Keep your browser peeled here and be the first to know which way the wind blows!
