The difficulty in securing a federal bridging loan of RM1bn makes this a timely occasion to reiterate the colossal financial obligations involved, says Penang Forum.
Everyone wants the traffic congestion in Penang to be reduced. We want it as soon as possible.
Perhaps the complication in the Penang state government’s plan in securing federal bridging loan financing for phase one of the six-lane Pan Island Link highway (PIL1) will be an opportunity for it to rethink and review SRS Consortium’s RM46bn transport infrastructure proposal.
Conduct a review
Article source: Aliran. Tuesday, 2 April 2019. https://aliran.com/coalitions/penang-forum/no-federal-loan-for-penang-transport-projects-turn-setback-into-opportunity/
It would be timely to ask independent external globally acknowledged sustainable mobility experts to review the proposal in the context of resolving Penang’s transport and traffic problems – not just for the short term but for the next few generations. The cost of such a review would be minimal compared to the crippling proposed expenditure of RM46bn – and the savings could be huge.
The difficulty in securing a federal bridging loan of RM1bn makes this a timely occasion to reiterate the colossal financial obligations involved in the SRS proposal.
A huge burden
The entire scheme, projected currently at RM46bn, is made up of . . .
* For full text click here – https://aliran.com/coalitions/penang-forum/no-federal-loan-for-penang-transport-projects-turn-setback-into-opportunity/
# # #
Aliran was launched in Penang on 12 August 1977 by seven concerned Malaysians from different ethnic backgrounds. Today, we are a national reform movement with members, friends and supporters from different parts of the country. Aliran identifies with this natural quest for justice in all aspects of public life. Indeed, that has been the core of our struggle since 1977, making us Malaysia’s oldest human rights group.
More on Aliran here: https://aliran.com/archives/more.html
# # #
About the editor, World Streets: