Billion Dollar Questions

If PM Najib goes ahead with his 100 storey Wawasan Merdeka Tower, I'll call him the 5 billion dollar man. Not only will he beat Dr M by 12 stories (Petronas Twin Towers has only 88 floors), Najib will also beat Lee Majors* by a lot of billion Ringgit multiplied by the prevailing USD/MYR exchange rate. 

I went to school at the location of Najib's dream tower. If I remember correctly, there isn't much space left for a row of shophouses let alone a skyscraper. Unless of course he's planning to tear down the iconic stadiums. These are sporting facilities which I presume are still usable and probably are still being used. Maybe he's planning to tear down my alma mater to make space for his fantasy and being a Johanian, I won't be surprised if he does. 

Najib also wants to build an international financial centre somewhere near RSGC/RHB Centre. I'm sure the final details have yet to be finalised but if it does go through, I wonder who is going to occupy the centre. CIMB and BIMB have spanking new HQs in the city, Maybank moved a large chunk of their non-commercial banking operations to Bangsar recently and RHB is already in the "KLIFD". Last I heard JP Morgan scaled down their KL office. Yes, we have a few new banking licences but their immediate effect will merely involve relocating bankers from other Malaysia based banks to their offices and disrupting the wage structure in the process.  I personally know a few Islamic banking professionals who have successfully transported themselves to the Middle East. So, I ask again, who is going to occupy KLIFD? 

Traffic in KL is already worse than bad. These projects will only make it even worse. 


Another question is, who is/are the lucky contractors who will be getting these projects? We all know the construction workers from Indonesia and Bangladesh are the major beneficiary of these projects. I'm not sure how the ordinary Malaysians will benefit though.


*Lee Majors = The 6 million Dollar Man, a 70s TV series