There were four major KL public transportation projects initiated by Pakatan Harapan's "Top Dog" Dr. Mahathir Mohamad. The four piratization projects were:
1. KL Monorail line
- The privatized monorail project was approved in a cabinet meeting June 1989. Its cost was then estimated at RM 143 million. When eventually completed and opened, it cost RM1.18 billion in 2003.
- went bankrupt.
- Bailed-out and taken over by the govt-owned Prasarana in 2007 for RM882 million.
2. The Putra LRT line
- The privatized line started operations in 1998.
- went bankrupt.
- Bailed-out and taken over by the govt-owned Prasarana in 2002 for between RM4.5 billion to RM5.7 billion.
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3. The STAR LRT line
- The privatized line started operations in 1996.
- went bankrupt.
- Bailed-out and taken over by the govt-owned Prasarana in 2002 for RM3.3 billion.
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4. Intrakota Bus Services.
- The privatized bus services started operations in 1998.
- went bankrupt.
- Bailed-out and taken over by the govt-owned Prasarana in 2003 for RM177 million.
It is important to note that all four major KL public transportation projects initiated by Mahathir was given to private companies via concessions and then promptly went bankrupt. This private companies were mostly all his known cronies. The worst part is the government had to bail ALL of them out using public funds. Yes OUR money.
Compare this to Najib's transportation projects LRT1 extension, LRT2 extension and now the recently launched MRT 1 SBK, which are all in the hands of the government, does not have concession agreements that requires periodic fees increases and was all delivered either on time and on budget or ahead of time and below budget.
Do you still want Pakatan Harapan to be the next government of Malaysia?
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