Interesting this, first time the opposition suggesting compensation for investor losses:
KOTA TINGGI: PKR will scrap the proposed RM60 billion Petronas Refinery and Petrochemical Integrated Project (Rapid) in Pengerang should they come to power after the next general election, said its Johor state chairman Chua Jui Meng today.
Addressing some 3,000-strong crowd during the Himpunan Hijau Lestari in Pengerang today, Chua said a Pakatan federal government would not allow the petro-chemical project to continue.
“Anwar (Ibrahim) has asked me to convey this message to everyone here today, that we will reject the project and rebuild the livelihood of the locals ,” he told the cheering protesters.
Speaking to FMT later, Chua said the decision was made in PKR’s political bureau meeting chaired by de facto leader Anwar recently.
He said Rapid will be scrapped alongside with the Lynas Advanced Materials Plant in Gebeng, Pahang.
“I want to warn companies who wish to invest in the Rapid project, even if (Prime Minister) Najib (Tun Razak) gives them license, we will revoke it once we come into power,” he said.
He added that Pakatan was willing to incur extra costs to compensate investors’ losses.
http://www.freemalaysiatoday.com/category/nation/2012/09/30/pkr-to-scrap-rapid-when-it-gets-to-putrajaya/
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- lyc article sums it up perfectly
lyc article sums it up perfectly, page-14
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