This one is classic songlap project.
The Federal govt and state govt is the one which is financing all the Gurney Wharf, Gurney drive road expansion and the PIL highway while the 100% privately owned company gets to do their RM30 billion GDV project on land given to them by government.
Government got zero share in the private company but have to foot the tens of billions cost for the projects that fully enhances the value of the private project.
*The leaked MACC investigation papers for the tunnel project contains a witness statement from the project owner who put in writing saying that Nobita is given 10% share in his project*
This post has been edited by Roblox Malaya: Dec 4 2019, 01:46 PM
Gurney Wharf Project - For Public or Profit?, Gurney Drive Reclamation
Dec 4 2019, 01:44 PM
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