Mega Projek ni UMNO atau PAS??

Wow.
Kedah dan Kelantan.
USD300billion!!!=RM1 trillion!!!

I'DA World Group has proposed to build a highway and an oil and gas pipeline, an integrated development in Tumpat and a resort city in Pasir Mas, Kelantan
I'DA World Group Sdn Bhd, controlled by Kedah-born businessman Abdul Rahim Abdul Wahab, has proposed three mega projects in the northern states of Peninsular Malaysia, which it hopes to undertake as a Private Finance Initiative (PFI).Under the PFI, the private sector undertakes implementation and financing of a project and assumes the risks. The project's revenue must come mainly from the private sector and not from government sources.Abdul Rahim, who is also I'DA executive chairman, said the proposed projects are a highway and an oil and gas pipeline, each over 300km long, stretching from Tumpat in Kelantan to Kuala Perlis and Kuala Kedah respectively; Pantai Sri Tujuh (PS7) integrated development in Tumpat; and a resort city in Pasir Mas, Kelantan.The PS7 project, involving reclaimed land, will feature an international trade and finance centre, education and science centre, and a city port, among other things.

The resort city, meanwhile, is envisaged to have an administration centre akin to Putrajaya, resorts and hotels, and a water themepark.
The total investment for the projects is estimated at US$300 billion (RM1 trillion) over a period of 30-35 years, Abdul Rahim told Business Times in Seri Kembangan, Selangor, last week, after presenting a video on the projects to the company's consortium members, key officials from Majlis Daerah Pasir Mas and members of the Kelantan royal family.Under I'DA's proposal, an initial amount of US$50 billion (RM181 billion) will be divided into three packages: US$35 billion (RM127 billion) for PS7, US$10 billion (RM36 billion) for the six-lane East-West Link highway and pipeline, and US$5 billion (RM18 billion) for the Pasir Mas project.Abdul Rahim expects the projects to create more than a million jobs and generate spin-off opportunities for small- and medium-scale industries."My aim is to create opportunities. The world economy is in turmoil so it would be a good time to initiate these projects and help people. It is a private initiative and has nothing to do with the Northern and Eastern Corridors," he said.Abdul Rahim said he has been involved in infrastructure and building works overseas for more than 40 years. He returned to Malaysia 10 years ago.I'DA, a general contractor with a paid-up capital of RM1 million, was set up in April 2007.On funding for the projects, Abdul Rahim claimed that some will come from the wealth generated by various associate companies linked to him. The group also has other assets to finance the projects, he added."We are confident as we have the funds and people. I have built a strong base of high net worth individuals from the Middle East, Europe, South Africa and the US. These are the millionaires whom we are targeting for the properties," he said.

Sumber Busines Time by Sharen Kaur.