November 10, 2018
Dateline 2018-08-21, NST:
Tun Dr Mahathir Mohamad said the multi-billion East Coast Rail Link (ECRL) and Trans-Sabah Gas Pipeline (TSGP) projects are cancelled for now.
The prime minister said Chinese President Xi Jinping and premier Li Keqiang understood the reasons behind the cancellation of the two Chinese government-backed projects.
“I have explained to them and they understood the situation and accepted them,” Dr Mahathir told journalists at the end of his five-day official visit to China.
“Initially, there were some misunderstandings but now they understood why we do it. I don’t think China wants us to be bankrupt,” said Dr Mahathir.
Dr Mahathir said the projects involved huge amounts of money and Malaysia does not really need them at the moment, amid the country’s financial situation with high debt left by the previous government.
October 13, 2018
Dateline 2018-07-23, FMT:
A Sabah MP has urged the government to renegotiate the terms for the Trans Sabah Gas Pipeline (TSGP) with China.
Kota Kinabalu MP Chan Foong Hin also wanted the authorities to continue probing the multi-billion ringgit project to determine if there were any suspicious dealings or connections.
“Renegotiate the terms with China, the project developer, as we have paid about 85% of the money but the real work done has only been 13%… we can’t just waste the money with nothing to show.
December 26, 2017
Nah, the collateral is when we give up Layang-layang reef.
Dateline 2017-11-09, Daily Express:
Abdul Rahman described claims that Prime Minister Dato’ Sri Najib Razak had collateralised oil and gas blocks off Sabah to the Chinese for a loan of RM100 billion as a total and blatant lie.
He said this in reference to a message which started making its rounds over social media Tuesday afternoon, purportedly to warn Sabahans, Sabah MPs and ADUNs with regard to the Trans Sabah Gas Pipeline (TSGP) project. The message alleged that the Prime Minister has collateralised oil and gas blocks off Sabah to the Chinese for a loan of RM100 billion.
“This is a total and blatant lie perpetrated by irresponsible party who would benefit from people’s anger and mistrust towards the federal and state governments.
“I want to announce here that the TSGP is important for Sabahans, industries and non-industries using gas as fuel.
“All this while we have asked for Sabah gas to be used for industry and the people of Sabah, thus we build TSGP from Kimanis to Kota Kinabalu and from there to Tuaran, Kota Belud, Kota Marudu and then to Sandakan and Tawau.
December 23, 2017
Why not just say, paid by Malaysia?
Dateline 2017-11-08, The Edge:
The Trans Sabah Gas Pipeline (TSGP) will be funded by a soft loan of RM4.53 billion from the Export and Import (EXIM) Bank of China and guaranteed by the Malaysian government, said Minister in the Prime Minister’s Department, Datuk Seri Abdul Rahman Dahlan.
The RM4.53 billion constitutes the total cost of the project, Rahman Dahlan said in a statement today, refuting an allegation on social media that Prime Minister Datuk Seri Najib Razak had collateralised oil and gas blocks off Sabah to China for a loan of RM100 billion.