Tuesday, March 22, 2011
Fracking and Lynas
http://www.themalaysianinsider.com/malaysia/article/tell-all-on-lynas-plant-says-ex-government-geologist/
In any project announced by the UMNO Government the cost are in Multitude Figure that are estimation only. The actual cost is way below what is shown on proposal.
Take a figure of RM600 million. Half of that goes as commission to FLOM, Finance Minister and the person who come out with the proposal. The other half is divided again into two. One being the actual cost of the project, the other half to the leeches who must be taken care of.
If the project turn out as propose then there is jubilation and shout that only the UMNO/BN Government is the one who can do the job. But alas as we Malaysians know that none of the petty or mega projects had ever turn out okay. Instead the Government continue to BAIL OUT HERE AND THERE to rectify whatever crops up. And boy there are too many.
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