The headlines screamed:
“MALAYSIA SECURES PROJECTS WORTH
RM10 BILLION IN BANGLDESH’
And you know why it was screaming
because that thambi Samy the Velu was the one who secured the whopping RM10
billion! Okay…now read some more….
Kuala Lumpur and Bangladesh inked a Memorandum of Understanding
(MOU) to facilitate the implementation of the projects here last night.
Opps its not secured yet! They are
just inking a Memorandum of Undertsanding.
A memorandum
of understanding (MOU) is a document describing a bilateral or multilateral agreement
between parties. It expresses a convergence of will between the parties,
indicating an intended common line of action. It is often used in cases where
parties either do not imply a legal commitment or in situations where the
parties cannot create a legally enforceable agreement. It is a more formal alternative
to a gentlemen's
agreement.
Dey thambi…no LOI (Letter of
Intent)…no LOA (Letter of Award) …just an MOU! How can you say you have secured
RM10 billion worth of projects….ini tipu ni!
Anyway I have said my piece...if you want some laughs go read the following story from Bernama!
Wednesday, October 19, 2011
Malaysia Secures Projects Worth RM10 Billion In Bangladesh
October 19, 2011 10:04 AM
Bernama Business Report
From E. Sivabalan
DHAKA, Oct 19 (Bernama) -- Malaysia has secured infrastructure projects worth a whopping RM10 billion in Bangladesh to be implemented beginning early next year over a period of between two and five years, says Malaysia's Special Envoy, Datuk Seri S.Samy Vellu here Wednesday.
Kuala Lumpur and Bangladesh inked a Memorandum of Understanding (MOU) to facilitate the implementation of the projects here last night.
The document would be handed over to the Bangladesh Prime Minister Sheikh Hasina by Samy Vellu here on Thursday.
Bangladesh Minister for Housing and Public Works Abdul Mannan Khan & Malaysia's Special Envoy to India & South Asia, Dato' Seri S. Samy Vellu.
Bangladesh State Minister for Local Government, Rural Government and Cooperatives Jahangir Kabir Nanok & Malaysia's Special Envoy to India & South Asia, Dato' Seri S. Samy Vellu.
Describing the deal as a "win-win", the former Malaysian works minister who is on a four-day working visit to Bangladesh, said the projects include housing; satellite townships; a flyover and water treatment, and sewerage treatment plants.
He said the first project involving the construction of 161 blocks of 16-storey apartments, worth almost RM3 billion, in Uttara near here would commence early next year.
"Both governments (Malaysia and Bangladesh) sealed the MOU after more than six months of negotiations. It is indeed a proud achievement for Malaysia," Samy Vellu told reporters after signing the MOU on behalf of the Malaysian government.
The signatories from the Bangladesh government were State Minister for Housing and Public Works Abdul Mannan Khan; and the State Minister for Local Government, Rural Government and Cooperatives Jahangir Kabir Nanok.
Samy Vellu, who was appointed the Special Envoy with Ministerial rank for Infrastructure to India and South Asia last January, said work on the RM3 billion apartment project was expected to start in a few months after the signing of the agreement.
Another project that would take off next year would be the 10.8km four-lane Poltan-Mawa Road flyover project worth RM1 billion, he said.
Samy Vellu said other projects include the construction of affordable housing for squatters and a new satellite township on a 400 hectare land at Kamrangichar and another similar development in Mohammadpur here.
"Malaysia will also construct the Dhalla-Jamirta well field to supply clean water to Dhaka," he said, adding that several Malaysian companies have shown interest to participate in the RM10 billion project.
Samy Vellu said the Construction Industry Development Board (CIDB) would monitor and act as the executing agency for the projects to be jointly undertaken with the respective departments in Bangladesh.
"I am happy that after months of discussions and negotiations, we (Malaysia and Bangladesh) have finally agreed to implement the projects," he said.
Samy Vellu also said the next step would be to finalise the costing and other aspects of the projects and then seal agreements between CIDB and the respective departments in Bangladesh.
He added several Malaysian companies have been identified to undertake the projects, some through joint ventures, with interested parties.
"I will brief Prime Minister Datuk Seri Najib Tun Razak upon my return to Malaysia (on Friday) and then hold a media conference to explain about the projects in detail," he said.
-- BERNAMA
SOURCE: BERNAMA
Bernama Business Report
From E. Sivabalan
DHAKA, Oct 19 (Bernama) -- Malaysia has secured infrastructure projects worth a whopping RM10 billion in Bangladesh to be implemented beginning early next year over a period of between two and five years, says Malaysia's Special Envoy, Datuk Seri S.Samy Vellu here Wednesday.
Kuala Lumpur and Bangladesh inked a Memorandum of Understanding (MOU) to facilitate the implementation of the projects here last night.
The document would be handed over to the Bangladesh Prime Minister Sheikh Hasina by Samy Vellu here on Thursday.
Bangladesh Minister for Housing and Public Works Abdul Mannan Khan & Malaysia's Special Envoy to India & South Asia, Dato' Seri S. Samy Vellu.
Bangladesh State Minister for Local Government, Rural Government and Cooperatives Jahangir Kabir Nanok & Malaysia's Special Envoy to India & South Asia, Dato' Seri S. Samy Vellu.Describing the deal as a "win-win", the former Malaysian works minister who is on a four-day working visit to Bangladesh, said the projects include housing; satellite townships; a flyover and water treatment, and sewerage treatment plants.
He said the first project involving the construction of 161 blocks of 16-storey apartments, worth almost RM3 billion, in Uttara near here would commence early next year.
"Both governments (Malaysia and Bangladesh) sealed the MOU after more than six months of negotiations. It is indeed a proud achievement for Malaysia," Samy Vellu told reporters after signing the MOU on behalf of the Malaysian government.
The signatories from the Bangladesh government were State Minister for Housing and Public Works Abdul Mannan Khan; and the State Minister for Local Government, Rural Government and Cooperatives Jahangir Kabir Nanok.
Samy Vellu, who was appointed the Special Envoy with Ministerial rank for Infrastructure to India and South Asia last January, said work on the RM3 billion apartment project was expected to start in a few months after the signing of the agreement.
Another project that would take off next year would be the 10.8km four-lane Poltan-Mawa Road flyover project worth RM1 billion, he said.
Samy Vellu said other projects include the construction of affordable housing for squatters and a new satellite township on a 400 hectare land at Kamrangichar and another similar development in Mohammadpur here.
"Malaysia will also construct the Dhalla-Jamirta well field to supply clean water to Dhaka," he said, adding that several Malaysian companies have shown interest to participate in the RM10 billion project.
Samy Vellu said the Construction Industry Development Board (CIDB) would monitor and act as the executing agency for the projects to be jointly undertaken with the respective departments in Bangladesh.
"I am happy that after months of discussions and negotiations, we (Malaysia and Bangladesh) have finally agreed to implement the projects," he said.
Samy Vellu also said the next step would be to finalise the costing and other aspects of the projects and then seal agreements between CIDB and the respective departments in Bangladesh.
He added several Malaysian companies have been identified to undertake the projects, some through joint ventures, with interested parties.
"I will brief Prime Minister Datuk Seri Najib Tun Razak upon my return to Malaysia (on Friday) and then hold a media conference to explain about the projects in detail," he said.
-- BERNAMA
SOURCE: BERNAMA
we cannot be forgiving the thamby for this auta.
ReplyDeletehe ought to be downgraded to a place between a pariah and a procurer-
'punded samy [ like his brader pundek lingam] is more appropriate
wak pusing
good post! Thanks for the info.
ReplyDeleteDrive Your Traffic Here
Malaysia will also construct the Dhalla-Jamirta well field to supply clean water to Dhaka," he said......so why we in Malaysia are deprived of CLEAN WATER?????
ReplyDeleteIt looks like this MIC moron is trying to make a comeback of some sort.....can somebody tell him that he's "DEAD MEAT".
ReplyDeleteSEMI-VALUE is about to do a wayang kulit show called MOU. Watch out for the opening ceremony coming to your town shortly.
ReplyDeleteEND OF THE ROAD FOR YOU SEMI-VALUE,
NO MORE ROAD TOLLS.