CAP Press Release 31 May 2018
The federal government has announced it is reviewing expensive projects in view of the high debts and the need to improve the financial situation. CAP congratulates the government for this move. So far the Kuala Lumpur-Singapore High Speed Rail project and the Klang Valley MRT 3 project have been cancelled while the East Coast Rail Link (ECRL) and other projects are being reviewed.
CAP congratulates the federal government for these bold and quick moves to save much-needed funds and improve the nation’s finances.
This review of mega projects should not be limited to federal projects. The same review should be done by state governments, on the same principle of avoiding luxury projects and saving costs to protect the finances of the nation and state and the rakyat’s future.
The Penang state government should review the expensive projects it is involved in, and put them on hold until such a review is completed.
CAP is concerned that the new Chief Minister has made it a priority to speed up the implementation of the state’s expensive projects especially those related to the Transport Plan. He even hoped that the new Finance Minister, who is the previous Penang Chief Minister, will be able to assist Penang in getting the projects implemented.Read more