The debate of Scenic Bridge continue. However, the debate focus on government to government and national pride. However, few body analyze the benefit and threat of Scenic Bridge to the people.
Gainer
1 Link Kedua Sdn Bhd - Operator of Second Crossing between Malaysia and Singapore. The second link still have extra capacity and under utilize. If the causeway has been demolished. traffic in second link will increase. Link Kedua might able to increase it toll rate to boost traffic. However, recent fuel hike received unwelcome response from people. This might be one of the reason government do not wish to proceed with Scenic Bridge.
2 Gerbang Perdana Sdn Bhd - Whether the government would like to proceed to build the Scenic bridge or not Gerbang Perdana Sdn Bhd would gain from it. It the government proceed with the project. As a concession holder of the Scenic Bridge, Gerbang Perdana would be the main beneficiary. It get compensation if government do not wish to proceed with the project.
3 Johor Port and Port of Tanjung Pelepas - Both port control by bumiputra tycoon Tan Sri Syed Moktar. If Malaysia able to demolish the causeway and replace by a bridge. This would enhance the competitiveness of both port against Singapore. Syed Moktar also control 20% of Gerbang Perdana via DRB-Hicom group.
Loser
1 People from both country - People from both country will be subjected to higher toll rate once the causeway is being demolished.
2 Transporter - transporter, who is major user of the causeway and second link. Would have to pay higher toll rate.
3 Tax payer - Tax payer become loser especially government have to pay enormous compensation to Gerbang Perdana.
4 Port Authority of Singapore - Malaysia port become more competitive and this will eaten Singapore's market shares in port management.
Conclusion
1 Singapore's people and it port authority become the main loser if government proceed with Scenic Bridge. Thus, Singapore do not want the bridge and Malaysia need the bridge more than Singapore. But Malaysia government fail to used a win-win approach in negotiation with Singapore, therefore, the negotiation fail. Singapore lose nothing if negotiation fail.
2 Users of the two crossing will subject to higher toll rate if government proceed to build the bridge. Thus, people should not upset over the cancellation. Only government would upset on it fail negotiation.
Updated Link : Global Voice Online
My Apple Menu: Singapore Surf
TechnoratiTag: Business Commentary Economics Economy Malaysia Opinion
No comments:
Post a Comment