Lim Sian See
Lim Guan Eng is a master spinner. No wait – I take that back. He’s probably the worst spinner Malaysians have seen to date.
- The SPV for ECRL is 100% owned MOF Company. The SPV for Penang Undersea Tunnel is 100% private owners.
- The ECRL is a G-to-G deal signed with China with the contract being a China-state owned company.
The Penang Tunnel was positioned as a G-G deal with China by the Penang Govt but now turns out that both the China companies are no longer involved in the project and the promised shareholders have changed substantially.
- The ECRL has now started construction – about 6 months after signing. The Penang Tunnel project has yet to start construction despite signing 5 years ago while the Penang Tunnel SPV is now making lots of money doing a luxury condo project on state land given to them by Penang Govt as “payment”.
*Hello Tokong… why you divert to ECRL? You cannot answer the dodginess on the Penang Tunnel is it?*
Source: Lim Sian See