Wee takes Pua to task over Bandar Malaysia and TRX projects

MCA president Wee Ka Siong.

PETALING JAYA: MCA president Wee Ka Siong has taken DAP’s Tony Pua to task for claiming that he said the combined RM180 billion gross development value (GDV) for the Bandar Malaysia and Tun Razak Exchange (TRX) projects was direct profit.

This comes after Pua, the finance minister’s political secretary, had attempted to school him on the GDV for the two projects.

Rebutting an earlier statement by Wee, Pua had said the combined RM180 billion in GDV did not mean they would reap a profit for the amount.

In a Facebook post today, Wee denied he had made such a claim.

“When did I say that the entire RM180 billion is direct profit? How much is the land sale of Bandar Malaysia?

“What is the amount of taxes collected from these two projects of GDV of RM180 billion over the course of their development?

“Please note that it was the PH leaders who alleged the country might go bankrupt due to the debts of 1MDB amounting to RM30 billion without taking into consideration the assets owned by 1MDB including land for TRX and Bandar Malaysia which can generate much higher GDV if developed as well as the income to the government and the positive economic impact to the people,” he said.

The Ayer Hitam MP asked Pua what the total value of the two projects’ economic impact to the country would be.

“And if those projects are not beneficial, then why continue them?

“Is Guan Eng (Finance Minister Lim Guan Eng) also wrong to say that the RM40 billion TRX project is one of our country’s best assets or that Prime Minister Dr Mahathir Mohamad was also wrong to say that the Bandar Malaysia project will contribute immensely to our country’s economic development?”

He said PH could no longer use 1MDB as an excuse for not fulfilling its election manifesto.

Commenting on the East Coast Rail Link, Wee said the PH government had stated that the project would now cost RM44 billion despite cost reductions of more than RM10 billion from avoiding costly tunnelling works along the mountain range and dropping the Bentong and Gombak stations.

“Are you (Pua) prepared to issue a statement of apology now or do you still stick with your stand that ECRL’s true cost is still RM29 billion and that the PH government had inflated the price to RM44 billion?” he asked.