Archive for the ‘PKA’ Category

PKFZ: DAP MPs seek meeting with PKA chairman Chor Chee Heong

June 24, 2007

港務局超出市價44%買地

林吉祥要求2週內解釋  GuangMing Daily

updated:2007-06-23 20:20:10 MYT

■林吉祥(右3)表示將會把問題呈上國會。右起鄭文福與陳彼得。(放大) (巴生訊)

針對港務局以超出市價44%的18億令吉買下西港約1000英畝的地段來發展巴生港口自由區計劃事件,國會反對黨領袖林吉祥要求直接涉案的3造,即交通部、港務局與發展商在兩週內作出解釋,同時,他也會把此課題呈上國會。

他說,根據調查,有關地點地價每方尺售14令吉,可是以10億令吉購買1000英畝地段,依推算每方尺值25令吉,購價比市價超出接近一倍。

 “此外,有關的發展經費也由原本的5億1900萬令吉,突然增加至13億令吉。” 他表示,這些無故增加的數據,不禁令人對此計劃起質疑。 他週六(23日)前往巴生港口自由區實地瞭解時,如是指出。

陪同者包括行動黨中委劉天球、雪州副主席陳彼得、州委鄭文福等。

林吉祥說,這項計劃耗費巨大,但從目前的發展看來,空置的工廠與貨倉,似乎與“價值”不符。 因此,他希望涉及這項計劃的人士,包括當年的交通部長敦林良實、現任港務局主席拿督曹智雄、現任交通部長拿督斯里陳廣才及有關發展商等,都應該站出來向社會大眾作出解釋。

此外,劉天球說,他們已針對有關問題兩度向警方報案,但至今仍未獲得回應。

他說,巴生港口自由區雖建竣工多年,但在啟用後卻沒有吸引太多投資者前來參與經濟活動,顯示這項發展猶如“白象計劃”。

“區內也設有512間貨倉作為轉運中心,但由於設計不符,空間狹小,以致毫無吸引力,至今僅有兩間貨倉啟用。”

(光明日報•2007.06.23)

高價購地設港口自由區
林吉祥促3造解釋

Sinchew Daily News

updated:2007-06-24 12:48:47 MYT



■林吉祥(中)實地巡視巴生港口自由區的發展近況。右起鄭文福與劉天球。左二為陳彼得。(放大)

(巴生訊)國會反對黨領袖林吉祥限定交通部、港務局與發展商,在兩個星期內,解釋高價購地設港口自由區的事件。

他說,港務局以超出市價44%的18億令吉,購下西港約1000英畝的地段,發展巴生港口自由區計劃。
他說,根據調查,上述地點地價每方尺售14令吉,可是上述高價則顯示每方尺值25令吉,購價比市價超出接近一倍。

“此外,發展經費也由原本的5億1900萬令吉,突然增加至13億令吉。”

他表示,如果三方無法作出解釋,他會把這課題帶上國會。

他是週六(23日)前往巴生港口自由區實地瞭解時,這樣指出。陪同者包括行動黨中委劉天球、雪州副主席陳彼得、州委鄭文福等。

兩次報案無回應

林吉祥說,這項計劃耗費巨資,但從目前的發展看來,空置的工廠與貨倉,似乎與“價值”不符。

此外,劉天球說,他們已針對上述問題,兩次向警方報案,但至今仍未獲得回應。 (星洲日報•2007.06.24)

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PKFZ land deal: Liong Sik “over-spent” by 19 times!

June 24, 2007
Whe I meet up with the Commercial Crime Department next week, I would demand the police to arrest Liong Sik and other involved suspects!

PKFZ price-tag shoots up to RM4.11 billion
Fauwaz Abdul Aziz
Jun 23, 07 6:01pm
Malaysiakini
The price tag for the Port Klang Free Zone (PKFZ) has shot up to an all time high of RM4.11 billion, for which the Port Klang Authority (PKA) has to begin paying for this year by coughing up RM510 million to the seller and developer of the free zone.This was revealed in a May 2006 report of the Auditor-General on PKA for the financial year ended Dec 31, 2005.

Based on various media reports and statements by PKA, malaysiakini had earlier placed the PKFZ price tag at RM2.4 billion: RM1.09 billion to acquire the 405ha of land on Pulau Indah, and at least RM1.3 billion to build it up.

For that amount, eyebrows were already raised in view of the project’s questionable viability. The Selangor Freight Forwarders & Logistics Association described PKFZ as an example of a mega-project into which a lot of money, but not enough thought, was put.

Supplementary agreement

Six months after its completion, PKFZ resembles a ghost town, with only about a dozen tenants instead of the anticipated crush of clients.

A May 2004 report of the Auditor-General revealed, however, the purchase of the land to have been higher at RM1.81 billion (inclusive of 7.5 percent interest) by RM720 million.

The report also said that while the development cost agreed upon in 2003 was RM519 million, this was raised to RM1.3 million following a “supplementary agreement” with the developer, Kuala Dimensi Sdn Bhd. The increase in development cost was not explained.

The report also said PKA then did not have sufficient financial resources to meet the RM2.9 billion obligation after having already paid an initial RM208.85 million (RM108.85 million for the purchase and RM100 million for the development of the land).

The Auditor-General’s subsequent remark that PKA “informed that the financing of the project will, from the year 2007, be under the 9th Malaysia Plan or through the formation of Malaysia Ports Commission (MPC)” fueled speculations that the derelict project was slated for a major government bailout.

Industry sources, when contacted, described as “scandalous” the use of the proposed MPC – while in principal a sound idea given the need for a central national port authority – to bail out a troubled public authority such as PKA.

The Auditor-General’s May 2006 report on PKA left out any mention of the MPC. He adds, however, that the Authority “is planning to obtain loans from financial institutions with the guarantee of the government of Malaysia as well as requesting grants to finance the project.”

To pay from 2007 to 2017

The Auditor-General also revealed that in 2005, the development cost increased by RM1.21 billion to RM2.51 billion due to “additional development works, professional fees and interest.”

Following the payment that had already been paid by PKA to Kuala Dimensi, the balance of RM4.11 billion shall be paid from 2007 until 2017 with an annual payment ranging from RM130 million to RM733 million, reads the report.

The initial payment for the land and development amounting to RM510 million shall be paid this year.

The Auditor-General also revealed that, as PKA’s liquidity at December 2005 consists of cash in bank and fixed deposits amounting to RM231.75 million and its surplus after tax was RM26.63 million, the Authority “needs to look for sources of financing to meet its capital obligation.”

Commenting on the matter today, Opposition Leader Lim Kit Siang said the whole project raises a question mark on the “viability, feasability, and integrity” of the whole project.

During a visit to the PKFZ this morning, the DAP supremo told reporters that the authorities and figures behind the project must explain its state of affairs. This, said Lim, includes the Transport Minister Chan Kong Choy and PKA chairperson Chor Chee Heung.

Both Chan and Chor have to explain how the latter’s appointment in view of Chor’s position as deputy chairperson of Wijaya Baru Global Bhd (WBGB) – which is behind the sale and development of PKFZ.

Lim also invited WBGB chief executive officer Tiong King Sing – who has claimed there is no connection between his company and Kuala Dimensi – to give a full disclosure on the matter.

Malaysiakini had earlier reported Chor as saying the issue of conflict of interest does not arise.

‘There is no connection’

According to records in the Companies Commission of Malaysia (CCM), Kuala Dimensi is owned by an investment holding and management firm Wijaya Baru Holdings Sdn Bhd (WBHSB).

At the same time, in WBGH’s 2006 annual report, Kuala Dimensi is listed as an “associate company” from which it derived “contract revenue”.

CCM documents show Tiong to be a director and shareholder in both WBGB and WBHSB, but he maintained that “there is no connection” between these companies either.

WBGB, WBHSB, and Kuala Dimensi occupy the same premises at Wisma Wijaya in Petaling Jaya, Selangor.

In September last year, WBGB was actually slapped with a “public reprimand” by Bursa Malaysia Securities Bhd for failing to make an announcement to the Exchange in relation to “the disposal of the Pulau Indah Land”.

WBGB had failed to send a circular to its shareholders pertaining to the transaction and obtaining the approval of its shareholders prior to the transaction being completed, said Bursa Malaysia Securities in a statement.

Bursa Securities said, however, that it has not found any of the WBGB directors to have caused or permitted the breach of the Bursa Securities Listing Requirements (LR) and only directed WBGH to “maintain appropriate standards of responsibility and accountability”.

PKA general manager OC Phang – who is also PKFZ managing director – did not respond to requests for comments.

政府以19倍价钱买二手地
31亿元西港自贸区成白象

■日期/Jun 23, 2007   ■时间/07:22:49 pm
■新闻/家国风云   ■作者/Merdekareview陈慧思
           

【本刊陈慧思撰述】1990年代售价9400万元的巴生港口自由贸易区地段,在2002年转手卖给政府时,地价竟然飙升到18亿元1000万元,涨幅高达19倍!国会在野党领袖林吉祥促陈广才和巴生港务局主席曹智雄作出全面的解释。

此外,竣工半年余,巴生港口自由贸易区乏人问津,全数512间的货仓只有区区两家公司租用,缔造马来西亚版杜拜嘉贝阿里自由贸易区(Jebel Ali Free Zone)传奇的梦想,几乎遥不可及。

林吉祥今日率民主行动党领袖前往巴生美丽岛(Pulau Indah)参观了与西港毗邻的巴生港口自由贸易区之后直抨:“这看来是个失败的计划,一个失败的计划怎么可以成功?”

巴生港务局以成绩斐然的自由贸易港杜拜嘉贝阿里自由贸易区为蓝本,2004年起在西港港口附近的沼泽地带开拓巴生港口自由贸易区。可是,从巴生港口贸易区冷清的景象看来,杜拜嘉贝阿里自由贸易区的梦想仍旧非常遥远。

今日林吉祥率众进入在保安区内的货仓地段视察,发现全数512个单位的货仓,只有两家公司租用,即Score AsiaR&R Engineering & Services,其余单位皆无人问津;相信是货仓过剩的缘故,一些货仓甚至为工地工人所占用。另外,举目所及,作为出租用途的空地,只有一家名叫Aker Kvaerner的公司设厂。

林吉祥质疑地价及发展额

为了在美丽岛达成这个美丽的梦想,巴生港务局先是耗资18亿1000万元从Kuala Dimensi私人有限公司手中购入一片1000英亩的土地,随后把价值13亿元的发展计划颁布给这家公司,总投资额高达31亿元。这项土地买卖的价格和发展计划的投资额皆具争议性。

林吉祥质疑,政府是否值得花31亿元在西港发展自贸区。他参观自贸区之后向记者表示:“交通部长陈广才必须回答,巴生港口自由贸易区是否实际可行,为何只有两家公司租用货仓?这个发展计划是否值13亿元?地价是否值18亿元?相信无人会认同这块地值这个价钱。”

同行的民主行动党非政府组织局主任刘天球指出,原地主鲁姆岛发展合作社(Koperasi Pembangunan Pulau Lumut)在1990年代先后以137分每平方尺和298分每平方尺的价格出售该1000英亩的土地予Kuala Dimensi,总售价约9400万元,可是后者在2002年将该地段转售港务局的价格竟高达18亿1000万元,相等于每平方尺4155分,比原价高出了19倍!

但是,Kuala Dimensi董事兼国阵民进党民都鲁区国会议员张庆信早前接受《独立新闻在线》电访时表示,Kuala Dimensi并非一次过收钱;在巴生港务局缴还欠款的期限中,该土地必然会一直升值,因此,把土地售价与2002年市价作比较并不公平。

此外,他也指出,该地售价不应与当地的市价作比较,因为Kuala Dimensi出售的土地经过了一番特别处理,乃增值后的土地。

新加坡的《商业时报》(Business Times)在2005年引述我国的国家稽查局针对巴生港务局截至2003年年底的财政年所作的稽查报告指出,巴生港务局首期只需付Kuala Dimensi公司10%的地价和10%的建筑费,2007年以后的10年内便须缴还其余欠款。

曹智雄有商业利益冲突

根据注册公司资料,Kuala Dimensi私人有限公司四名董事当中的两名董事都是国阵领袖,其一为张庆信,另一名则是自2004年出任巫统总财政阿都阿欣(Abdul Azim Mohd Zabidi)。

注册公司资料显示,Kuala DimensiWijaya Baru Holdings私人有限公司所有,张庆信在这两家公司皆出任董事,他也同时是Wijaya Baru Holdings的股东。

另外,张庆信与刚在今年419日出任巴生港务局主席的曹智雄都是上市公司Wijaya Baru Global有限公司的董事;曹智雄也身兼这家公司的副主席职(deputy chairman)。

林吉祥指出:“曹智雄是自由贸易区发展商的副主席,与其港务局主席的职位有利益冲突,此外,张庆信是土地的卖主和发展商,首相应该回应,为何会出现这样的利益冲突?”

他认为,曹智雄应该辞去港务局主席或Wijaya Baru Global副主席一职,而早前揭露砂拉越黑帮猖獗现象并呼吁行政透明的张庆信应该确保土地交易透明。

无论如何,早前张庆信接受《独立新闻在线》电访时表示,Kuala DimensiWijaya Baru GlobalWijaya Baru Holdings没有任何关系。

张庆信透露,将西港发展成为另一个杜拜嘉贝阿里是他向政府提呈的建议,经过多年的游说,最后政府才决定推行这项发展计划。他认为,西港绝对有发展潜能,人民必须向前看,而非在原地踏步。

促陈广才曹智雄解释

无论如何,林吉祥认为,从现况看来,西港并无发展自由贸易区的潜能。他将寻求机会把此事带上今届国会,促陈广才及曹智雄予以全面的解释。

另外,他也希望民主行动党国会议员将在两周内走访巴生港口自由贸易区,并与巴生港务局高层会面。

去年11月竣工的巴生港口自由贸易区是巴生港务局旗下的一项发展计划。

刘天球在2004年就是项土地交易向皇家警察的商业罪案调查组报案,质疑这宗交易是否牵涉贪污及失信问题。迄今,反贪污局仍没有作出任何交待;当时的交通部长林良实也不曾回应此事。

刘天球在获知该地段售价高达18亿1000万元,比2004年所公布的10亿元高出8亿元之后,在今年611日再次前往警局报案。

交通部署下的巴生港务局是巴生北港和西港的管理机构。目前该局负担高达马币30亿元的庞大债务,国家稽查局针对巴生港务局截至2003年底的表现所作的报告指出,“若无马来西亚政府的扶助,巴生港务局自2007年起便无法承担高达马币30亿元的庞大的债务”。

PKFZ: Opposition Leader to raise hell at next Parliamentary session

June 23, 2007

 From Opposition Leader Lim Kit Siang’s blog…

Port Klang Free Zone – Forlorn and pathetic air of another failed multi-billion ringgit mega-project

This morning, together with Ronnie Liu, Peter Tan, Tee Boon Hock and other DAP Klang leaders, I visited the multi-billion ringgit Port Klang Free Zone (PKFZ), which has been shrouded in such secrecy despite being open to operation more than six months ago on November 1, 2006.

The PKFZ has the forlorn and pathetic air of another failed multi-billion ringgit mega project and Malaysiakini reporters Fauwaz Abdul Aziz and Sabrina Chan are right in coining the term “mega ghost-town” for it.

The PKFZ offers 512 standardised warehouse units, 260 ha of open land and four blocks of eight-storey office complexes. After seven months of opening, there are only signs of two of the 512 warehouse units being taken up but not yet utilized. The only company that has visible presence of operations is the Norwegian oil and gas company Aker Kvaerner. Otherwise, the 1,000-acre PKFZ is an expanse of empty office blocks, warehouse units and land blocks.

There is no vibration of activity or even sense of commercial life!

No wonder the authorities concerned were so upset when they received word that I was going to visit the Westports and a security detail was very rude in demanding to know what I was doing at PKFZ, inviting an earful as to why a visit by the Parliamentary Opposition Leader should be regarded as akin to trespass especially when Parliamentary sanction will have to be sought if there is to be a billion-ringgit bailout of the failed PKFZ.

Many questions swirl around the PKFZ for the past few years without answers, and it is time that the Prime Minister Datuk Seri Abdullah Ahmad Badawi’s pledge to lead an open, accountable and transparent administration be respected by his subordinates, particularly the following personalities:

1. The Transport Minister, Datuk Seri Chan Kong Choy should explain

• the viability, feasibility and integrity of the PKFZ; and

• why he appointed MCA MP and former Deputy Minister Datuk Chor Chee Heung as the new Port Klang Authority (PKA) Chairman in April when he should have known that there would be a conflict of interest situation in view of Chor’s position as Deputy Chairman of Wijaya Baru Global Bhd (WBGB), an associated company with Kuala Dimensi Sdn. Bhd., which sold the 1,000 acres of land for the PKFZ at the very inflated price of RM1.8 billion when it was bought for RM95 million and awarded a RM1.3 billion contract to develop the same piece of land.

2. The PKA Chairman Chor Chee Heung should explain whether he would relinquish either the post of PKA Chairman or Deputy Chairman of Wijaya Baru Global Bhd to resolve his conflict-of-interest.

3. The main beneficiary of the PKFZ mega-project, Datuk Tiong King Sing, the MP for Bintulu, should clear the air over the many questions about the mega-project right from the genesis of the project to its present day. Tiong had made a name for himself for demand for transparency and outspokenness against organised crime in Sarawak. He must show he is fully committed to transparency in the PKFZ deal, as he is the main mover of the project being the person behind Kuala Dimensi Sdn Bhd and Wijaya stable of companies, directly involved in the RM1.8 billion land sale to PKFZ and the RM1.3 billion contract to develop the land.

The PKFZ was touted as modeled after the successful Jebel Ali Free Zone in Dubai, to be the regional export and transshipment hub for manufactured goods. After expenditure of over RM3 billion ringgit, the PKFZ has nothing to show except “the forlorn and pathetic air of a failed mega-project”!

PKA: Chor Chee Heong must resign as PKA chairman

June 18, 2007

Two weeks has passed and Chor Chee Heong is still keeping mum on his conflicting positions in Port Klang Authority (PKA) and Wijaya. He must resign from PKA since he wishes to hold on to his deputy chairmanship in Wijaya Baru Global Bhd, a company owned by Ting King Sing, the current MP of Bintulu. Wijaya and Kuala Dimensi ( all related to Ting) were given the contract to develope the Port Klang Free Zone in Westports, which is within the jurisdiction of PKA.

According to a little bird, Wijaya was formerly known as Pacific Chemicals, a listed company owned by the Ekran’s boss, Ting Pek Khiing. Tiong bought over the ailling  Pacific Chemicals from Ting and injected his personal assets (including his 1,000 acres of land in Westports and a few companies) into the company and subsequently changed its name to Wijaya.

If you remember, Ling Hee Leong, the elder son of Tun Ling Liong Sik, once worked in Ekran directly under Ting Pek Khiing. Chor at that time happened to be the Parliamentary Secretary of the Transport Ministry when Ling was the Transport Minister. Do you see the link now?

BTW, Tun Ling is still keeping quite over the questionable PKA/ Westports RM1.81 billion land deal. He must explain why PKA (using taxpayers’ money) bought the 1,000 acres of swampy land in November 2002 at a price very much higher than the market value from Tiong King Sing.

I should be calling the Klang police this week for further actions on my police report made more than a week ago. May be I should also raise the matter with the Securities Commission.

PKFZ: From RM 1.37 & RM2.98 psf jumped to RM 41.55 psf

June 14, 2007
The story on PKFZ is getting ‘hotter’ by the day thanks to the true spirit of investigative journalism of the Malaysiakini team. Please note that Pulau Lumut was the old name of Pulau Indah. And Pulau Lumu Development Cooperative Bhd was earlier referred as “Pulau Indah Malay Fishermen Cooperative”.We are still waiting patiently for Tun Ling Liong Sik, Datuk Seri Ting Chew Peh, Datuk Chan Kong Choy, Datuk Yaop Pian Hon, Datuk Chor Chee Heong, Datuk Tiong King Sing, Datuk Rahman Palil to enlighten Malaysian taxpayers on the issue of the questionable lRM1.81 billion land deal.

PKFZ land sale under scrutiny

Fauwaz Abdul Aziz and Sabrina Chan
Jun 14, 07 1:10pm
Malaysiakini
Facts are now emerging that the parcel of land sold to the Port Klang Authority (PKA) for the Port Klang Free Zone (PKFZ) for a hefty RM1.09 billion was originally bought for a much lower price.The land – sold by Kuala Dimensi Sdn Bhd (KDSB) to PKA in November 2002 – was purchased from a local cooperative at only eight percent of the selling price.

Pulau Lumut Development Cooperative Bhd (PLDCB) had sold half of the 405-hectare land on Pulau Indah to KDSB in the early 1990s for RM30 million, while the remaining half was sold after the 1997 financial crisis at RM65 million.

Revealing this information today, PLDCB secretary Ruslan Akhyar said the 1,400-member cooperative established in 1989 received the land from the Selangor government only “a few years” before it was approached by KDSB with the offer to buy the land.

This means the price of the land – originally farm land and mangrove swamps – went from RM1.37 per square foot (psf) when the first half was sold to RM2.98 psf when the remaining 202.5 hectares were bought over by KDSB.

KDSB would have received the windfall when PKA agreed in 2002 to buy the whole lot to PKA at RM25 psf.

Both Ruslan, who is also Rantau Panjang village chief, and Pulau Indah village chief Mohd Halil Selamat – who confirmed the figures – denied any knowledge pertaining to the transactions conducted subsequent to PLDCB’s disposal of the land.

‘This is business’

They also declined to comment on the tremendous difference between the prices at which the land was bought and sold by KDSB.

“That’s what they call business,” said Halil when contacted.

PLDCB chairperson Abdul Rahman Palil, who is a Selangor state exco member and Sementa state assembly person, declined to comment on the matter.

According to an August 2005 Singapore Business Times report, KPA had paid KDSB a ten percent downpayment of RM108.5 million. The rest will be paid over 10 years beginning this year in instalments of between RM130 million and RM179 million.

While the connection is murky, KDSB has been linked to property developer and investment firm Wijaya Baru Global Bhd’s (WBGB) and is described in WBGH’s 2006 annual report as an “associate company” from which it derived “contract revenue”. 

In September last year, WBGB was actually slapped with a “public reprimand” by Bursa Malaysia Securities Bhd for failing to make an announcement to the Exchange in relation to “the disposal of the Pulau Indah Land”.

WBGB had failed to send a circular to its shareholders pertaining to the transaction and obtaining the approval of its shareholders prior to the transaction being completed, said Bursa Malaysia Securities in a statement.

Bursa Securities said, however, that it has not found any of the WBGB directors to have caused or permitted the breach of the Bursa Securities Listing Requirements (LR) and only directed WBGH to “maintain appropriate standards of responsibility and accountability”.

Unanswered questions

DAP leader Ronnie Liu, who lodged a police report over PKA’s purchase of the land in 2004, said the information uncovered made it all the more pressing for the authority to investigate the matter.

“It shows there are some questions to be answered,” he said when contacted.

Beside selling the land on which PKFZ is situated, KDSB was also appointed to develop the zone into a regional export and transhipment hub for manufactured goods, modeled after the successful Jebel Ali Free Zone in Dubai.

Six months after its completion and about RM2.4 billion worth of input later, however, PKFZ resembles a ghost town, with only about a dozen tenants scattered about the site instead of the anticipated crush of clients.

Sticky situation for Chor?

Poser over mega ‘ghost town’

PKFZ: Chor must resign from PKA

June 13, 2007
Not only they are sharing office here in the Westports PKFZ, they also share office in Wisma Wijaya in Petaling Jaya.Come on! The case of conflict of interest is very clear-cut. It’s not up to Tiong King Sing or Chor Chee Heong, or the management of Wijaya Baru or Wijaya Baru Global Bhd  or Kuala Dimensi to decide. Kuala Dimensi and Wijaya Baru are sharing the same site office in Port Klang Free Zone. These companies are clearly inter-related. It’s simply insufficient for Chor to merely opt out of meetings when the interests of Wijaya Baru/Kuala Dimensi with PKA / PKFZ were in tangle.Chor must relinquish either the chairmanship of PKA or the deputy chairmanship of Wijaya Baru Global Berhad. He must also sell all his shares in these companies (if he has any). The contracts and deals signed between PKA and Kuala Dimensi/ Wijaya Baru worth more than RM3 billion. This is certainly no small matter. Chor must not drag his feet. There’s no two ways about it.

 Sticky situation for Chor?

Fauwaz Abdul Aziz & Sabrina Chan
Jun 13, 07 10:11am
Malaysiakini 
The recent appointment of Port Klang Authority (PKA) chairperson Chor Chee Heung has come under scrutiny, given that he is also deputy chairperson of a company that has had indirect business dealings with PKA. Chor was appointed to the board of directors of property developer and investment firm Wijaya Baru Global Bhd’s (WBGB) on April 23, 2004.On April 19 this year, he took over the helm of PKA which has oversight of the ambitious albeit currently derelict Port Klang Free Zone (PKFZ). It was WBGB’s associate company Kuala Dimensi Sdn Bhd that sold 405ha of land on Pulau Indah to PKA in November 2002 for the free zone project.Kuala Dimensi was also appointed to develop the PKFZ, touted as a regional export and transhipment hub for manufactured goods, similar to the successful Jebel Ali Free Zone in Dubai.

DAP Selangor leader Ronnie Liu questioned why Chor is heading PKA.

“As PKA chairperson, he may influence (the authority’s) future decisions in relation to WBGB. As such, he must relinquish one of the positions,” he said when contacted.

DAP legal bureau chief Ngeh Koo Ham said the issue of potential conflict of interest is pertinent even though the land sale and development contract went through in 2002.

“Even though these decisions were made before Chor’s time, it is not acceptable that a public authority such as PKA should be in such a position in relation to a private company – in this case Kuala Dimensi – that it had engaged,” said Ngeh.

Chor was Transport Ministry parliamentary secretary from 1995-2000 and deputy minister in other portfolios until he stepped down from government in 2004. The following year, he lost his bid to become one of MCA’s four vice-presidents and dropped out of active politics. 

‘Different entities’

However, a corporate lawyer noted that the legal position on Chor’s dual posts depends on provisions of the statute governing PKA.

Different public authorities have different things to say in such situations where its office-bearers are also at the helm of private companies, he said.

It is allowed so long as Chor has declared his interests to both parties, he said, adding that space should be given to Chor to state his likely course of action in the event of a conflict between the interests of PKA and WBGB.

“Legal issues aside, however, it remains relevant whether it is morally proper for PKA’s chairperson to be the deputy chair of a private company it has engaged,” he added.

PKA’s legal advisor declined to comment on the issue, while general manager OC Phang – who is also PKFZ managing director – refused to any questions.

Chor, however, said the issue of conflict of interest does not arise.

“When there is a decision to be made by PKA that would affect the PKFZ, I would not participate. This is to be fair to PKA,” he said when contacted.

Backing Chor was WBGB chief executive officer Tiong King Sing, who claimed there is no connection between his company and Kuala Dimensi.

According to records in the Companies Commission of Malaysia (CCM), Kuala Dimensi is owned by an investment holding and management firm Wijaya Baru Holdings Sdn Bhd (WBHSB).

At the same time, in WBGH’s 2006 annual report, Kuala Dimensi is listed as an “associate company” from which it derived “contract revenue”.

CCM documents show Tiong to be a director and shareholder in both WBGB and WBHSB, but he maintained that “there is no connection” between these companies either.

Adding to the confusion is the fact that WBGB, WBHSB, and Kuala Dimensi occupy the same premises at Wisma Wijaya in Petaling Jaya, Selangor.

When contacted, the WBHSB company secretary said she holds the same post at WBGB, but she too said these “are two different entities”.

Tiong further said Chor had asked the WBGB board if he should resign or turn down the PKA appointment. They had assured him there was no need to do either.

“He did this so that there would be no misinterpretation by the public later. The board told him there is no conflict of interest,” he added.

Port Klang Free Zone: White elephant in the making

June 12, 2007
 Boon Hock, Peter Tan and me in front of the godowns.Malaysiakini has started to report on the Port Klang Free Zone at the Westports in Pulau Indah today. MerdekaReview.com was the first Internet portal to report on the issue highlighted by me.This morning, I toured PKFZ for the second time together with several journalists and photographers from the Chinese press. I was accompanied by Peter Tan ( Selangor DAP vice chairman), Tee Boon Hock (Pandamaran DAP Treasurer and state committee member) and my assistant PH Chang, following my police report at the Klang police station last night.Let us hope that some, if not all, Chinese papers would report on the RM3.1 billion questionable land deal and contracts.I also hope that the PDRM would start its investigations despite of the list of implicated personalities looked like the “Who’s who in Malaysia”! BTW, the Commercial Crime Department has called me for an interview a while ago. Let’s see they would prove their worth. 

Poser over mega ‘ghost town’

Fauwaz Abdul Aziz & Sabrina Chan
Jun 12, 07 12:13pm
Malaysiakini 
Six months after its completion, the ambitious Port Klang Free Zone (PKFZ) resembles a ghost town, with only about a dozen tenants scattered about the site instead of the anticipated crush of clients. PKFZ – modeled after the highly successful Jebel Ali Free Zone in Dubai – was conceptualised as the region’s hub of choice for the export and transhipment of manufactured goods.In 2002, the Port Klang Authority (PKA) spent RM1.09 billion to acquire 405ha of land on Pulau Indah, and at least RM1.3 billion to build it up.Today, about RM2.4 billion worth of input later, it offers 512 standardised warehouse units, 260ha of open land, and four blocks of eight-storey office complexes.A check by malaysiakini found only one major company whose operations are visible from outside the perimeter.Norwegian oil and gas company Aker Kvaerner – the first to sign up when PKFZ began operations on Nov 1 last year.- only officially opened its sub-sea oil and gas centre last Thursday.While a spokesperson said the company is “very happy and very secure” with its choice of location, other industry players are staying out of PKFZ for various reasons.Bureaucratic nightmare

Selangor Freight Forwarders & Logistics Association president Tan Ah Beng said PKFZ is an example of a mega-project into which a lot of money – but not enough thought – was put.

For example, said Tan, there seems to be no overriding policy to streamline the myriad regulations from those of the customs department to the ministries of finance, health, agriculture, and international trade and industry.

These have been imposed on companies seeking to store, manufacture, or assemble their products in PKFZ.

“Without an over-arching policy and with the overlap of so many regulations, they’ve scared away companies which may otherwise have been interested. In this industry especially, time is money,” Tan said.

He also said the dimensions of the warehouse units (each measuring 5,487 sq ft) are at odds with what many logistics companies want when storing cargo during transhipment.

“They don’t seem to know what companies are looking for in warehouse units,” he said.

“Even before they’ve ensured this project is up and running well, they’re looking at another huge project in the Iskandar Development Region (IDR) in Johor. What’s going to happen to this project? What’s going to happen to IDR in five years?”

‘Insufficient studies’

Echoing Tan, a senior manager of a multinational shipping corporation that does business with PKFZ said “there is too much red tape, too much bureaucracy, and too many procedures” for his company to consider relocating to the zone.

“Businessmen don’t want to deal with those things,” he said, declining to be identified.

A Klang-based freight forwarding player, whose company toured PKFZ last week, said the warehouse measurements are “all right”, but that there are simply not enough incentives to prompt a move to the site.

“There’s ample space for a company like mine to either assemble or store our goods in these warehouse units. But for what is offered, the price is not competitive. It’s expensive compared to other facilities that offer the same or better,” said the logistics consultant.

He too felt that PKA has over-extended itself on the PKFZ.

“There doesn’t seem to have been enough consultation and market studies to ensure they have some clients in hand, at least, before embarking on such a huge project,” he said.

DAP leader Ronnie Liu questioned why a public authority such as PKA – although it was privatised in 1986 – has risked so much of its financial strength by venturing into the billion-ringgit project when its mandate revolves around regulating Klang Port operators Westports and Northport.

“It’s understandable for private businesses to do so, but what does PKA have to do with risking billions of ringgit on a project that is so full of risks?” asked Liu, who had in 2004 lodged a police report over the authority’s purchase of the land.

When contacted, PKFZ managing director OC Phang, who is also PKA general manager, refused to entertain questions.

巴生港口自由區計劃
前主席:不知情 
SINCHEW JIT POH

推薦給朋友    列印

updated:2007-06-12 20:16:38 MYT



(巴生訊)前巴生港務局主席拿督葉炳漢表示,有關巴生港口自由區的一切發展事項,都是在他任職前,由敦林良實所決定通過,因此詳情他確實一概不知。

他今日(週二,12日)受詢時指出,此項計劃是於2002年落實,並在2004年開始施工;可是他本身卻在2004年4月14日,才擔任港務局主席一職,況且現在他也已卸任。
因此,詢及有關巴生港口自由區的一切發展事項時,他不方便多做評論。

(星洲日報•2007.06.12)

Besides Sinchew Daily, Oriental Daily, China Press and Nanyang also carried the news. Watch this blog for further details.

Police report on questionable RM1.81 b PKA/ Westports land deal

June 11, 2007

The Port Klang Free Zone Complex at Westport, Pulau Indah. Another ‘white elephant’ in the making?

Police report by Ronnie Liu Tian Khiew, DAP CEC Member and NGO Bureau Chief on the questionable RM1.81 billion PKA/Westports land deal and RM1.3 billion contract on Monday, 11 June 2007 at the PDRM Klang.

A. Buyer: Port Klang Authority (PKA)
B. Seller: Kuala Dimensi/ Pulau Indah Malay Fishermen Cooperatives
C. Players: Tun Dr Ling Liong Sik, Dauk Seri Dr Ting Chew Peh, Datuk Chan Kong Choy, Datuk Yap Pian Hon, Datuk Chor Chee Heong, Datuk Tiong King Sing, Datuk Rahman Palil, Datuk Azim Zabedi. Tan Sri Gnalingam.
D. Losers: Rakyat Malaysia

 The swampy land (saw the water?) that PKA paid RM1.81 billion for 1,000 acres (RM41.55 per square foot). The price is 200% higher than the market value, which was RM14 psf.

I was alerted by someone who has read my recent statement entitled “ Westports RM1 billion land deal: Why still no answer after police report made in December 2004?”, that the actual amount paid by Westports was not RM1 billion as reported earlier, but a whopping RM1.81 billion!

The figure was found in the 2005 AG Report according to a Business Times Singapore report dated 13 August 2005. To me, RM1 billion for 1,000 acres was unreasonably high, what more if the amount was RM1.81 bullion?

According to S Jayasankaran who filed the news report titled “AG highlights Port Klang’s financial dilemma”, MALAYSIA’S Port Klang Authority (PKA) cannot meet huge debt obligations of almost RM3 billion (S$1.32 billion) which will begin in 2007 without some serious government help, according to a report by the Auditor-General on the Authority’s financial statements for the year ended Dec 31, 2003.

According to the AG’s report, KPA agreed to purchase 1,000 acres of land near Westport from a private company for RM1.81 billion in November 2002. The plan, which has received federal government approval, was to create a national loading centre and a regional distribution hub along the lines of a similar distri-park in Dubai.

Earlier, it was reported that the deal valued the land at more than RM25 per square foot, which is more than 44% higher than the market value at that time (about RM14 psf). The AG described the price as something ‘calculated on a special-value basis’. What would the AG describe if the price was RM1.81 billion? Can anyone in the PKA or the Transport Ministry now tell us what exactly was “ calculated on a special-value basis”?

According to S Jayasankaran, the private company, which was unnamed in the AG’s report, is Kuala Dimensi, which is controlled by the family of Sarawak tycoon Tiong King Sing. Tiong is currently the Bintulu MP. Since 2002, it has been chaired by Azim Zabedi, who was named treasurer of the United Malays National Organisation (Umno) in 2004.

The AG’s report stated that KPA paid a 10 per cent down payment of RM108.5 million and agreed to pay the rest over 10 years beginning 2007 in installments of between RM130 million and RM179 million.

But that isn’t all. The report stated KPA signed another agreement with Kuala Dimensi to develop the land as a distribution hub for RM519 million in 2003.

Subsequently, the authority signed another supplementary agreement with Kuala Dimensi to develop the land but this time for RM1.3 billion. No explanation was given for the price increase according to the Business Times Singapore report. This is simply not proper and unacceptable. We want the police to investigate on these two questionable contracts between PKA and Kuala Dimensi.

 Aker Kvaerner, the only visible foreign company that operates from the Free Zone.

I have toured the Westports Free Zone last week and taken some pictures. The 512 units of godowns were completed for a long time but yet to start operation. The only visible foreign company that set its foot here is Aker Kvaerner from Norway. It appears to me that less than 100 acres of land were being utilized for the Free Zone, leaving much of the overpriced land vacant. The high-rise motorway linking the Westports and the Free Zone currently under construction is unnecessary and highly questionable.

 512 units of godown have been completed but yet to start operation. Why?

The report noted that a similar scheme of payment would be undertaken by KPA – namely, it would pay Kuala Dimensi a down payment of RM100 million, while the rest would be paid between 2007 and 2017 on a staggered basis. But the report stated that KPA did not have that kind of money.

I have made a police report on the scandalous PKA/ Westports RM1 billion land deal in December 2004, urging the police to instigate MCA leaders like Ling Liong Sik, Chan Kong Choy and Yap Pian Hon. Incidentally, Yap is now replaced by Chor Chee Heong in April this year. He was quoted by Merdekareview. Com that he has nothing to say about the questionable land deal.
More than two years have passed but nothing has come out of my police report. But now we were told that both the Westports and PKA were in deep financial problems. In fact, PKA is said to have incurred some RM3 billion in debts!

 Chor Chee Heong, the newly appointed PKA Chiarman also holds the position as a deputy chairman of Wijaya Global. This is clearly conflict of interest.

We also found out that Chor Chee Heong happens to sit on the board of Wijaya Global, a company linked to Wijaya Baru and Kuala Dimensi. This is a clear-cut case of conflict of interest!

Chor has to resign either as the Chairman of PKA or relinquish his post as the deputy chairman of Wijaya Global immediately.

/ Ronnie Liu Tian Khiew, DAP CEC member and NGO bureau chief

NOTE: I have just got back from the Klang police station. Chief Inspector Lawrence of the Commercial Crime Department was shocked to see the VIPs list implicated in my police report. Very frankly, he expressed his concern on whether his boss would allow him to do such an high-profile and sensitive (his word) case. He could only tell me who would be the IO after holding a discussion with his ASP boss. I was accompanied by Selangor DAP vice chairman Peter Tan and my special assistant P H Chang.

Tomorrow morning, we will be leading a group of jounalists and photographers from various newspapers to tour the Port Klang Free Zone.

Another white elephant in the making?

June 8, 2007

The blue colour stuctures are the godowns according to the jaga.

I have visited the Westports on Thursday morning together with Malaysiakini and MerdekaReview jounalists and DAP Pandanmaran treasure Tee Boon Hock and PJ Action Team leader Francis Chang. We have taken some photographs and will upload for bloggers to view the billion ringgit Westports Free Zone which was widely regarded as another ‘white elephant’ project by industry insiders.

Besides the Free Zone Office Complex, we have a glimpse of the 512 units of godowns (blue in colour) from the outside (we were barred from entering without a special pass) which were completed but not ready for operation.

I will also show bloggers the original look of the 1,000 acres of swamp land in the later updates. It’s ridiculous to pay more than RM25 psf for such land,what if the actual price paid was even higher, say RM44 psf? ( Earlier report said that PKA paid RM1 billion for the 1,000 acres of swampy land for the free zone project. But the AG report 2005 siad the price was RM1.81 billion).

I personally find that the high-rise motorway (currently under construction) connecting the Westports and the free zone is unnecessary and a sheer waste of money. It only allows someone to make more money.

The only prominent foreign investor who has set foot in Westports is Aker Kvaerner. 

Westports questionable land deal: Chan Kong Choy must explain

May 29, 2007
Is buying land with public fund at a price more than double  the market value a crime?

Transport Minister Chan Kong Choy must explain. Others who must also explain incl former Transport Minister Ling Liong Sik, the two former PKA chairman Ting Chew Beh and Yap Pian Hon and Umno Sementa state assemblyman Rahman Palil and Westports chairman Gnalingam.

以市价两倍价格购千亩土地
巴生西港负债十亿求助邻国

■日期/May 28, 2007   ■时间/08:10:43 pm
■新闻/家国风云   ■作者/merdekareview 陈慧思
           
【本刊陈慧思撰述】自2006年投入运作迄今,雪兰莪州巴生的马来西亚西港私人有限公司(Westports Malaysia Sdn. Bhd,简称“西港公司”)负债近马币十亿元。在该公司执行主席贾纳林甘忙于解释欠债原由之际,一笔高达马币18亿元的购地支出,仍有待西港、前交通部长林良实、港务局及反贪污局予以人民一个明确的交待。民主行动党非政府组织局主任刘天球(左图)曾在2004年就西港的一项土地交易向皇家警察的商业罪案调查组报案,质疑这宗交易是否牵涉贪污及失信问题。可是迄今,反贪污局仍没有任何交待及相应行动;当时的交通部长林良实也不曾回应此事。刘天球接受《独立新闻在线》电访时透露,当林良实于2003年退任之后,他查悉林任期内曾批准交通部属下的港务局(Part Klang Authority)以马币十亿元购买一幅一千亩的土地,发展巴生港口自由贸易区(Port Klang Free Zone)。当时,刘天球的报案书指出,上述土地交易数额高达马币十亿元,平均每英亩100万元,每平方公尺约马币25元,比市价高出44%。为此他质疑,此项交易是否牵涉贪污问题。刘天球指出:“我曾向地产界人士了解,他们认为,当时西港的土地市价约每平方公尺14元。换言之,港务局收购的价格比市价高出了44%!”

今日刘天球从新加坡《海峡时报》在2005年8月的报道惊然发现,该地售价不只马币十亿元,而是马币18亿1000万元;比当时的市价高出两倍!

土地卖主是国阵领袖

国家稽查局对巴生港务局2003年底的表现所作的审查报告指出,港务局同意以马币18亿1000万元的价格向一家私人公司购入一片面积一千英亩的土地,以效仿杜拜(Dubai)港口,将之发展成为区域著名的货运及贸易中心。

刘天球从《海峡时报》的财经新闻获知,该占地一千亩的土地以马币18亿1000万元成交,比当时他从《太阳报》(The Sun)所获知的数额还要高出8亿元;为此,原拟就西港的债务问题报案的他说:“我更有理由报案了!”

《独立新闻在线》发现,若以一千英亩18亿1000万元计算,该地段的价格高达每平方公尺41元55分,比市价高出两倍!根据《海峡时报》报道,国家稽查局甚至形容该土地是“以特别价格计算”(calculated on a special-value basis)。

此外,《海峡时报》的报道指出,巴生港务局是从一家名叫“Kuala Dimensi”的公司手中购入该片土地。根据公司注册资料,Kuala Dimensi私人有限公司四名董事当中的两名董事都是国阵领袖,其一为国阵民进党民都鲁区国会议员张庆信,另一名则是自2004年出任巫统总财政阿都阿欣(Abdul Azim Mohd Zabidi)。

巴生港务局以高出市价两倍的价格购买上述地段,追究起来,当时的交通部长林良实(右图)和港务局主席陈祖排都有责任挺身说明真相。刘天球在2004年报案后,港务局主席职务由马华公会沙登区国会议员叶炳汉接任;叶炳汉今天对《独立新闻在线》表示,他对该事一无所知。不过,他透露,接替林良实出任交通部长的陈广才将就相关计划作出宣布。

无论如何,叶炳汉和陈广才过后并没有就这项具争议性的土地交易作任何回应。今日《独立新闻在线》联络上叶炳汉,他表示他刚于四月底卸任,无法回应此事。。

港务局、西港公司欠债累累

除了地价争议,刘天球指出,购地的决定也牵涉合法与否的问题。他表示,港务局是政府法定机构,按规定不能从事商业活动;交通部批准港务局购地开发商业区域,已违反既有规定。

此外,他指出,由于地理条件欠佳,巴生港口自由贸易区发展停滞,根本无从实现“杜拜港口”的美丽梦想;反之,西港公司和港务局欠债累累,最终或需要政府注资拯救。

交通部署下的巴生港务局是巴生北港和西港的管理机构,惟港务局已将位于美丽岛(Pulau Indah)的西港的操作和营运部份已经私营化。西港公司目前以特许经营者的身份负责西港的操作和营运。

根据《海峡时报》的报道,国家稽查局针对巴生港务局截至2003年底的表现所作的报告指出,“若无马来西亚政府的扶助,巴生港务局自2007年起便无法承担高达马币30亿元的庞大的债务”;目前欠债30亿元的港务局状况令人担忧。

西港或脱售给新加坡?

此外,《马来西亚前锋报》(Utusan Malaysia)新闻网今年5月15日的一则报道揭露,西港公司欠下港务局十亿元的债务,相信正在寻求新加坡港务局(Port of Singapore Authority)的“协助”,以解决该公司的债务问题。

西港公司执行主席贾纳林甘(G. Gnanalingam,右图)最近与新加坡港务局执行主席Eddie Tan的会面,被视为西港或转手新港务局的先兆。

据《马来西亚前锋报》报道,新加坡港务局是世界上第二号港务机构,除了管理新加坡的港务,也管理25个国际港口的港务,被视为最有能力管理西港的外国机构。报道隐然透露,西港或因无法负荷庞大的债务,而脱手予这家优秀的港务机构。

无论如何,西港公司执行主席贾纳林甘矢口保证,西港公司不会变卖本身的利益;而西港公司的外国股权也已经达到了30%的限制,无法再脱售股权予外国公司。他也对外澄清,西港公司没有面对财务问题;作为本区域著名的港务管理单位,该公司预计可在2010年清还所有贷款。

他说:“还没有缴还给巴生港务局的余额不属于贷款,却是可以在30年被清还的租约(perjanjian penyewaan)。因此,西港没有面对财务问题。”他指出,在过去的五年中,该公司大部份的发展皆由内部基金及出租公司器材支撑。

根据公司注册资料,西港控股(Westports Holding)是西港公司的大股东;西港公司董事贾纳林甘通过Redzai建筑公司(Syarikat Pembinaan Redzai)掌握西港控股的50%股份、香港首富李嘉诚则透过Hutchinson港口码头(Hutchinson Ports Terminal)掌握30%股份、国库控股(Khazanah Holdings Bhd)则拥有10%股份。