Petrol price hike and vanishing public transport June 5, 2008Posted by elizabethwong in Malaysia, Politics.
Tags: corruption, Inflation
Between the last petrol price hike and this latest one, we should have ‘saved’ RM 9.9 billion, said to be allocated for improving public transport. No one would object such noble intentions, but ….
For RM 9.9 billion, where is the state-of-the-art public transport? Subway stations? LRT extensions? Increased feeder bus service? Bicycle lanes? Anything?
Now we’re told we would ‘save’ RM 13.7 billion a year after the new prices take effect today.
The government is expected to save RM13.7 billion under this new subsidy restructure and other levies.
The figures are derived from the savings made by state-owned oil company Petronas in gas and oil (RM8 billion), petrol (RM4 billion) and the independent power producer and palm oil (RM1.7 billion).
The surplus of RM13.7 billion will be used for food security policy (RM4 billion), subsidies in cooking oil (RM1.5 billion), rice import (RM400 million), flour and bread (RM300 million), petrol, diesel and gas (RM7.5 billion), Abdullah explained. (Malaysiakini, 04 June 2008)
Public transport vanishes.
But at least we have a new RM 3.45 billion double-tracking rail project Seremban-Gemas awarded to Ircon (India), to reciprocate the Indian govt giving a RM 1 billion road project to Scomi group.