Slashing RM160bil in rail projects down to size
KINIBIZ It would cause anyone indigestion, worry and sleepless nights (which lead to drowsy mornings) if they had read the news today. Between now and 2020, Malaysia will invest an additional RM160 billion in railways, yes RM160 billion. That’s RM23 billion a year.
That’s on top of the RM50 billion that has been spent on railways since 1990. That’s about RM3.6 billion a year which is a whole lot less than the RM23 billion a year between now and 2020.
Tiger laments that the government has NOT provided a breakdown for the RM160 billion expenditure and wonders whatever happened to the proposal to “sequence” mega projects in line with the government’s aim to reschedule those projects which have high import content and which have limited impact on the economy.
That forces Tiger to do some rough calculations with its paws and claws on the sand just beyond its nest but the figures still don’t add up.
Go to KiniBiz for more .
This article was written by P Gunasegaram.


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