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The renovation project, which cost more than RM100 million, has been replaced by a development project costing RM3.28 billion. That’s almost as much as the federal government claims to have saved by removing diesel subsidies on the peninsula.
Murray Hunt
In the saga that took years to seize control of the corporate state of Shah Alam, the Shah Alam Stadium was set to be demolished. That is until the new Shah Alam mayor changed his tune and ordered the building to be demolished.
The original Shah Alam Stadium took four years to build and opened in 1994 as the home ground of Selangor Red Giants Football Club. The original stadium had a capacity of 80,000 and was used for sports, football and concerts. The only reason the stadium fell into disrepair was due to lack of maintenance. The new stadium will reportedly have a capacity of 45,000 seats.
new Menteri Besar Incorporated (MBI) CEO Saipolyazan M Yusop Contradicting the JKR report which said it was more cost-effective to demolish the old stadium than to renovate it, a renovation project costing over RM100 million has been replaced by a development project costing RM3.28 billion. That’s almost as much as the federal government claims to have saved by removing diesel subsidies on the peninsula.
Saipolyazan went on to explain that this project is slightly different from the stadium plans I, II and III. The new mayor, Mohd Fauzi Mohd Yatim, said As of June 20, the proposal to develop the Shah Alam Sports Hub is still under discussion..
After initially opposing the project, Opposition Leader Azmin Ali has remained silent on the matter. On Nov 14, Selangor Opposition Leader Datuk Seri Mohamad Azmin Ali asked the state government to clarify its financial capacity to rebuild the Sports Arena and Shah Alam Stadium following reports that the reconstruction funds had risen to RM3.28 billion, more than 90% of the current RM3.29 billion state reserve fund.
The biggest winner in this incident is actually MRCB. The project will significantly increase the company’s revenue. The project is so large that it will obviously pose a challenge to MRCB’s management if the company is paid via a “land swap method” rather than cash which Selangor obviously does not have. It will be interesting to see how MRCB’s management resolves this issue. If the RM3.28 billion three-phase project is to go ahead in full, the cash to finance the project must come from somewhere.
The media described the project as Selangorians are increasingly excitedWe all hope that this project will not become a huge liability.
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