Tuesday, April 20, 2010

Open tender decision vindicated, says Guan Eng. ZAHRAIN THE LOSER!

Guan Eng: Decision to hold new open tender vindicated
Himanshu Bhatt

Lim Guan Eng
GEORGE TOWN (15 April 2010):
Chief Minister Lim Guan Eng today said his decision to hold a new open tender for the management of the Bukit Jambul Country Club instead of taking up Datuk Seri Zahrain Hashim’s recommendation of a two-dollar company for the project, has been vindicated. Lim, who is the Penang Development Corporation (PDC) chairman, said the success in getting Japanese company Taiyo Resorts (KL) Bhd at a contract value of RM80 million, would not cost PDC or the state a single sen.
In contrast, the company recommended by Zahrain, the Bayan Baru MP who in February this year quit PKR to become an independent, had wanted to upgrade the club at a cost of RM2.75 million with the money taken from PDC subsidiary Island Golf Properties Bhd (IGP).Taiyo, on the other hand, has given a financial commitment on guaranteed returns of RM29 million over the next 20 years, while ploughing in investments from its own funds totalling RM51 million over the same period.
The club, which features an 18-hole golf course, is under the ambit of IGP, which was until recently chaired by Zahrain, Lim said Zahrain had recommended that PDC endorse the IGP’s preference to let L&L Golf Management Sdn Bhd run BJCC.
But the PDC board on Feb 10, 2009 rejected Zahrain’s recommendation and instead agreed with Lim’s recommendation for a fresh open tender.
"When I looked at the company’s background, what struck me was that it was a two-dollar company without any track record, and was formed two months before the tender," Lim said at a press conference.
Lim claimed Zahrain became upset when he was asked to conduct a fresh tender and even threatened to resign as BJCC chairman.
"When we later did the new open tender we were surprised we could get seven companies," he said.
"Zahrain told me there was open tender earlier and I accepted it. He asked me to approve this company (L&L) and said there was no other company."
"But the two-dollar company was established two months before tender was called. I said that is not acceptable," he said.
In contrast, Taiyo had a paid-up capital RM 5 million, and was established on Sept 15, 1987.
"This (Taiyo) is a good deal for PDC. We get RM1.3 million a year and we don’t have to invest anything for it," Lim added.

Updated: 07:50PM Thu, 15 Apr 2010

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