Finance Ministry: Putrajaya negotiating compensation for cancelled RM9.4b pipeline project | Malay Mail

In June last year, Finance Minister Lim Guan Eng revealed that the government had paid RM8.3 billion for the two projects worth RM9.4 billion despite only completing 13 per cent of the work. — Picture by Firdaus Latif

“The government of Malaysia is now negotiating with China-based contractors on the total compensation amount to be paid by SSER, as well as the sum that should be returned to SSER by the contractors after deducting total compensation cost from the total payments made. Both contracts were awarded to China Petroleum Pipeline Bureau in November 2016 in contracts signed by former Treasury secretary-general Tan Sri Irwan Serigar, who is also SSER chairman.

Today, Lim revealed as of March 28, 2019, SSER had paid RM 8.377 billion for EPCC and consultancy work for the project. Lim added that the projects were extremely lucrative for the contractors because payments were made based on timeline progress regardless of work progress done if any.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Primary Industry Ministry proposes to expand kenaf planting, says deputy minister | Malay MailMELAKA, May 18 — The Primary Industry Ministry will be expanding kenaf planting projects in the effort to assist smallholders support the usage of the material in the biodegradable utensil (BDU) industry. Its Deputy Minister, Datuk Seri Shamsul Iskandar Mohd Akin said as an example, a pilot... Bad idea. We can't make kenaf as an industry until we have developed high yield seedlings (suitable for Malaysian climate and daylight hours) and enough landbanks (not tanah bris, please). What is kenaf? kenaf is not good enough. u know what alternative is the best and dont be ignorant
Source: malaymail - 🏆 1. / 86 Read more »