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- Nov 19, 2008
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Re: Water Treaty Malaysia: The tremendous financial costs imposed on S'pore by LKY's
yes you are right. The whole story is this. Mahathir wanted 30 sens but old man wanted alot of conditions attached like trade in railway land etc and package this and that condition till mahathir got fed up and put it on hold. Meanwhile he went to HK, China and shenzhen. In HK he ask the HK garmen how much they paid for the water which like singapore was imported from shenzhen. His jaw drop when the HK and China people told him shenzhen sold the same singapore 3cts per thousand gallons equivalent for a equivalent of RM$8 ie china sold the same volume to its own people in HK for almost 300 times more. and here you are talking about buying from another country. mahathir got so fedup when he realised the real value of water that he ask his guys to stop all negotiations and let all existing treaties run its course and not renew. thats the whole story of how newater came. otehr details too sensitive to talk,Both agreements pegged the price at 3 sens (RM). Mahathir asked 30 sens, 10 time more. We offered 45 sens, 15 times more plus resolve a raft of outstanding issues including extension. Mahathir refused to link price of water to other issues.
Let me know if you need any other details.