KUCHING, April 19 2026: The Sarawak government has agreed to pay RM1.8 billion compensation for the take-over of Bintulu Port from the federal government, Premier Abang Johari Openg (picture) disclosed at the opening of a one-day Gabungan Parti Sarawak (GPS) convention here today.
He said the federal government asked for a RM4.8 billion compensation for the take-over of the country’s premier liquefied natural gas (LNG) port during a discussion that he attended with Prime Minister Anwar Ibrahim, Transport Minister Anthony Loke and Deputy Premier Douglas Uggah.
“Based on my mathematical calculation, if the value of assets is RM1.1 billion, how was it that we were asked to pay RM4.8 billion compensation.
“I told PMX and Loke we could not pay the amount,” he said.
“I told them we would pay the most RM1.8 billion, plus goodwill,” the premier said.
He said the port is now fully owned by the state.
The premier said the take-over of Bakun dam is a blessing to Sarawak.
He added if it remains with the federal government, the state government would not have a say in fixing the electricity tariff rates.
He said fixing the tariff rates would be determined by the federal government.
The premier expressed his grateful to former Prime Minister Najib Razak who agreed for Sarawak to take over Bakun dam.
“During the discussion, Najib said the federal government was prepared to hand over Bakun dam if Sarawak was prepared to pay RM2.5 billion compensation.
“Without hesitation, I accepted to the price,” he said.
The premier said the state government has fully paid the amount in six installments within six months of the take-over.
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