Hidden costs much higher than actual project cost


Blame game: It is hard to fathom that Prasarana would dare upscale the design of the LRT3 significantly without the tacit approval of the key officials from the previous government.

CONSIDERING the fact that the real cost of the two rail projects that are being implemented has ballooned, it should not surprise anybody if the cost of completing the prestigious high-speed rail (HSR) project running between Kuala Lumpur and Singapore is more than RM100bil.

Prime Minister Tun Dr Mahathir Mohamad has said the HSR would cost some RM110bil, something that the Economic Affairs Minister Datuk Seri Azmin Ali, echoes. Azmin has said there are “hidden costs” in implementing the HSR.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , hidden costs

   

Next In Business News

Industrial projects look increasingly attractive
Dutch Lady’s balancing act amid escalating costs
Demand for co-working space remains resilient
Fed dampens hopes for rate cut
F&N to use cost management measures
Changing office space requirements
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read