Daim leading negotiations with China to recoup RM8.3b payment for pipeline projects, says finance ministerDaim also led renegotiations on the East Coast Rail Link project with the Chinese government on April 12, which saw the government successfully reduce the price of the rail project from RM65.5 billion previously to RM44 billion. — Picture by Yusof Mat Isa
“So he is able to manoeuvre as well as have the freedom to make suggestions that can allow both parties to reach amicable and agreeable solutions,” he told Bernama. Lim said Daim managed to pull off the ECRL renegotiations without affecting the important bilateral relationship between China and Malaysia, while at the same time able to get Beijing to purchase more palm oil, put in more investments in Malaysia and assume half of the ECRL operating cost.Lim said the pipeline projects in Sabah were among many infrastructure projects that have incurred a huge debt load for the government given its dubious nature.
A non govt official going to negotiate billions of ringgit deal, on behalf of the Malaysian Govt. PH gomen ran out of proper govt officials to do this negotiating? MOF and Wisma Putra ran out of qualified officers? What post does Daim hold in PH gomen apart from best crony?
Well well well
How about other China JV Malaysia Projects - ECRL etc..? How much did Maia BN Govt 'paid' to Chinese Govt?
BN govt Paid RM8.3B to CHINA for 'Ghost' Pipeline Project in Sabah. Total Contract Value RM9.4B. Macai UMNOPAS what say you?