MP Tony Pua says the Treasury secretary-general should be removed as Bandar Malaysia chairman as he has failed to secure a master developer for the 1MDB-owned project.
DAP has urged the government to remove Treasury secretary-general Mohammad Irwan Serigar Abdullah as Bandar Malaysia chairman.
KUALA LUMPUR: DAP’s Tony Pua has asked for Bandar Malaysia chairman Mohammad Irwan Serigar Abdullah to be sacked after failing to find a new master developer for the project owned by 1MDB.
He said no updates had been given on the matter despite previous statements that eight companies had expressed interest in becoming the master developer.
“We call upon the finance minister to give Irwan Serigar a new deadline by the end of this month to secure a new master developer to fulfil his promises to the people.
“If the Treasury secretary-general fails once again to deliver, he should be removed from his position as Bandar Malaysia chairman, and a new, more competent replacement be found,” he said at the media centre in Parliament today.
Pua was referring to a written reply in the Dewan Rakyat dated March 6 which said the results of the tender exercise would be announced soon.
Earlier, he had questioned the finance ministry on how many companies had submitted their tender bids out of the eight that had expressed interest.
Pua said the written reply had avoided his question as it was obvious that “no company has submitted their bids”.
On June 22 last year, the finance ministry released a statement saying it had issued the request for proposal (RFP) for the role of master developer for the project.
The finance ministry said to ensure financial strength, an interested company or consortium must be an affiliate of a Fortune 500 company, an affiliate of a company which has generated cumulatively in the last three years no less than RM50 billion in revenue from the entire value chain of real estate and associated business, and has experience in international quality real estate development projects.
The finance ministry then opened a RFP for the RM2.35 billion project on July 5, with a new deadline of July 20.
The earlier master developer, Iskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering Corp (CREC), failed to meet payment obligations despite repeated extensions.
In 2015, the IWH-CREC consortium acquired a 60% stake in Bandar Malaysia for RM7.41 billion. -FMT
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