Under our great Malaysian plan lead by Datuk Idris Jala to make KL greater (well after all he gonna call KL greater KL) through Economic Transforming Programme (ETP), one of the entry point projects in is to made a Mass Rapid Transport (MRT) system in the capital with length about 150km and covering most of central KL. Well, it will be good if we have a system as efficient as the Singapore MRT which run with pin point accuracy to carry people around the city.
And come to the figure part, the system will cost us RM43billions. How are we gonna pay for it? Have the government made a plan to get funding required for the project? Or we will be using money from our depleting treasury? Furthermore, the project may draw resources away from more urgent needs such as education, health and rural development. I hope the government may come with methods such as investment bond to cover the plan. Government could ask the people to buy shares or invest in the project. In returns the government will pay interest for the investment with the profit earn from the operations of the MRT system. Since we got a lot of super rich people in the country, the bond can be sell off easily like the previous bond launched such as Amanah Saham Nasional.
But beware, there may be got lots of parties that will try to undermine the project due to their interest. Just think about it, when we have super efficient public transportation system in KL, which parties will lose out the most? How the government will deal with this issue? Hopefully, the government will come out with a win-win plan to run the project and prevent minimum negative impacts from the execution of the MRT plan.