The minister says the project will be completed on schedule. FMTNews PanBorneoProject
The management of the remainder of the Pan Borneo Highway project in Sarawak will be done conventionally under the federal government.
The termination of the PDP – Lebuhraya Borneo Utara Sdn Bhd – has generated savings of up to 40%, worth RM3.1 billion. The new cost of the project had been reduced to RM18.8 billion, from an initial RM21.9 billion, he said.“At this stage, we have not come to a settlement yet. Definitely there will be some claims, even a possibility of a loss of profit and maybe many more. We will look into it under the agreement.
The government decided it will oversee 11 packages of the Sarawak Pan Borneo highway – which stretches 786.4 km – without a PDP. Meanwhile, Finance Minister Lim Guan Eng said savings generated from this exercise would be channelled back to Sarawak after deducting any possible cost overruns, to fund other infrastructure and development projects for the state.
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