Abu Sahid meanwhile said the government’s decision to keep PLUS was “stupid”, adding that Khazanah was “stealing money”.
https://www.freemalaysiatoday.com/category/...n-to-keep-plus/
Abu Sahid Mohamed of Maju Holdings called the decision “stupid”, and questioned why it was not conveyed to him despite his company being invited to make an offer.
They must remember I was invited to quote, to bid. Not like other people who just entered without invitation,” he said.

He went on to call for the Malaysian Anti-Corruption Commission (MACC) to investigate Shahril.

He said his company’s cost of resurfacing highways was only one-third of Khazanah’s cost.

“They are paying RM58 per metre square for resurfacing the road. I am paying RM18.”

In its amended proposal in October last year, Maju Holdings had offered to buy PLUS for RM34.9 billion including debt.

The company said it would be able to reduce toll charges by 25% to 36%, adding that it was not seeking financial compensation from the government for the reduction.

The company had also cited its cost-effective management of the MEX Highway.

“In fact, we have one of the lowest costs per kilometre in the country. As such, we are confident we will be able to reduce maintenance costs for PLUS,” it said.

Meanwhile ....
PLUS would be given 20-year extension of toll concession ... 18 years + 20 years = 38 years wadepak!!! wadepak!!!

siapa buka tered siapa..........


xdpt tender business yg sure untung mesti lah x puas kakakakakakaa

Confident tapi cannot offer asking price.

Loser betoi.

job must kasi kroni. Kroni also want to makan!!

Wah RM58 and RM18

sooo much different

songlap besar

LOL, he meltdown because can not eat big xD

And went as far as macc, almost can imagine how much big eating he missed : )

This post has been edited by Nanti Sekejap: Jan 16 2020, 04:55 PM

samseng, tipu, curi berbillion & songlap kaw kaw budaya kami!
dulu, kini & selama nya!
#BaruMsia?
#ApaMaluBossKu!

ooooo butthurt detected a mile away....

Sungai Besi Maju KL Development pun ada masalah nak bayar piling contractor RM67 million, sini nak bayar pulak dengan RM34.9 billion including debt untuk PLUS.

kesian.

PLUS I think is a cash cow for the government due to inefficiencies. Western countries will stop collecting toll once it is paid up but in Malaysia it is toll collection for life. Why pay taxes then? When will the cost be recovered? After so many donkey years you have traffic jam during festive season and yet kena pay toll. That is why Malaysia likes monopoly. Just look at TM before and after PH came in, we benefited from cheaper internet.

Maju Holdings themselves are full on hanky panky. Look at how they treat their sukuk and you know they are dirty.

https://www.thestar.com.my/business/busines...ng-sukuk-revamp

Aiya, cause Khazanah owned by government mah.
You accuse Khazanah stealing money is like saying government stealing money??

On the other hand, Maju owned by you. All the profit will go to you not government.

how does the tender system in m'sia work??

everyone submits a price anonymously and then they choose the best price? After that, do they reveal everyone's ask price?

Khazanah steal money and give back to rakyat.

This maju? Masuk poket sendiri

this maju express like shit , nit.enough signboard , safty are too less, not.to say the accident happend too.frequent untill we call.it autobhan

he not shiok the cronies take the extra markups lor for resurfacing the roads eventhough it cost 3 times less for him to do the same..just name the cronies la for resurfacing the roads.

Just wondering, is the cost structure same for KL highway against PLUS which stretched so far?

2040?

i oredi die that time

Buy first (with bank loan), worry later. If cannot make it then sell back to Gomen. This is the usual modus operandi.

Thats why This GUY thought the GOV is stupid !

reduce 18% only meaning it still takes 82% to maintain the highway when the contract has already ended and the cost of building it has been recovered?

ye ke tol mex paling murah?
Aku rasa mahal je. Hujung2 one way RM5.5 dah.
Tol sg besi - pd yg lg jauh tu rasa baru RM6 lebih.

Or cost lowest but capitalist his profit is f fat. Heh. I dont believe him.

It is worst.

Propose with near break even price to maintain the rd.
Buy Plus with no fund.
Take plus projected income to take loan.
Use loan to pay gov.
Give big bonus next 3-5 years based on Plus projected income.
Exit

This post has been edited by chamelion: Jan 16 2020, 05:40 PM

More like Abu Sahid butthurt because he cannot buy PLUS

Ha ha ha ha, dunno how true?
Maybe that's why he butthurt & call MACC to investigate?

Lol Maju

is this the guy who got several development job, not completed? somebody can shed light on this? or its a different guy?

https://www.theedgemarkets.com/article/plus...says-abu-sahid#

Jangan bongkar. Orang nak carma. 😜

pandai cakap, resurfacing work ask Khazanah sub to you, but make sure you provide 5 years warranty. RM18 maybe can only last 1 year.

Why is the difference so much?

taxpayers fund khazanah and KWSP who in turn own PLUS - 51% and 49% respectively

and we pay tolls to PLUS so they return some 'crumbs' to KWSP as dividends, the rest is siphoned off

better than ah long biz

“Why do they pay that [high] price?
https://www.theedgemarkets.com/article/plus...says-abu-sahid#

Not because they are stupid but because they have layers and layers and layers, from PLUS, they give it to Propel (Projek Penyelenggaraan Lebuhraya Bhd), then to UEM Edgenta (Bhd), so many other companies (all within the UEM and Khazanah stable). By the time it goes to the guy who really does the job, there is just skin,” Abu Sahid says.

“PLUS’ contractors are the same ones that DUKE (Duta-Ulu Kelang Expressway) uses, the same ones that we (MEX) use, it’s the same people that do the job, be it the slopes, roadworks, landscaping … it’s the same people,” he adds, explaining how he knows what goes on at PLUS.

Reported to MACC, ke?

Quality RM18 and RM58 same bor?

bullshit la this MAJU holdings.

kroni marah sebab tak dapat tender. fak off la this kind of scum.

This

let me guess...he was among the people who want to buy the PLUS???

MEX highway maintenance like shit

if he got bola or evidence,he will report and let MACC deal with it...let see

Khazanah need $$$$$$ to rescure other shinking GLC.

If sold where to find $$$$?

u can pay low, but u didnt disclose HOW

many glc exec fall into this trap...which leads to crappy maintenance for good amount of years

bullshit la abu juling ni

he forgot most of the PLUS highway is middle of nowhere, which increased the cost
meanwhile MEX mostly within city

Think like this. Epf money

This ... someone just butthurt only ...