Chan Kong Choy and Ling Liong Sik must explain their roles in the scandalous RM1 billion Westport land deal

Media Statement
by Ronnie Liu Tian Khiew

(Kuala Lumpur,  Monday): Following my police report made on Sunday in Petaling Jaya to initiate an investigation on Port Klang Authority Chairman Datuk Yap Pian Hon and both the current and former Transport Ministers, many have asked me about the real market value of the said 1,000 acres which cost PKA a hefty RM1 billion.This means that PKA paid RM1 million per acre for the said land.

To answer such question, one must bear in mind that this piece of land is near the Westport, which is basically not a busy commercial area bustling with activities by any standard. Some of the people I know in the property industry told me that the current market value of the land here should not be priced more than RM14 psf. But the PKA scandalously paid no less than RM25 psf! That means the PKA had paid a price that was 44% higher than the market value, which works out to be a hefty RM 440 million!

One expert claims that if the PKA really needs such a piece of land for development, it can even reclaim from the sea and probably cost much lower with the availability of modern day technology.

When the PKA Chairman Yap Pian Hon was asked by one journalist after the DAP press conference on last Saturday, he claims that he knows nothing about the deal, which was done 2 to 3 years ago, and that the piece of land would be turned into a ‘comprehensive’ commercial project. He did not disclose any details except for saying that the Transport Minister Datuk Chan Kong Choy will make an announcement on the plan ‘some time in the near future.’

If Yap’s story could be trusted, then both the current and former Transport Ministers must come forward with a good explanation for transparency and accountability of people’s funds.

Yap also failed to explain why PKA went into business beyond its statutory role (giving out loans to private companies) and yet to collect the overdue payment.

We now hope the police would act fast on the matter to protect the interest of the people, besides bring those who were responsible for the scandalous deal to book.


* Ronnie Liu Tian Khiew, DAP international Secretary and NGO bureau chief