UEM-Bina Puri JV to know damages to pay for KLIA2 delay by year-end

  • Business
  • Wednesday, 10 Jun 2015

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) expects to finalise by December discussions with the joint venture between UEM Construction Sdn Bhd and Bina Puri Holdings Bhd to determine the quantum of the liquidated and ascertained damages (LAD) charged to the joint venture for the delay in completing the KLIA2 terminal building in Sepang.

MAHB managing director Datuk Badlisham Ghazali said MAHB said this during a press conference at the Global Airport Development Asia 2015 conference in Kuala Lumpur on Wednesday. 

Badlisham said the matter would be resolved soon and the decision would be announced on the bourse.

MAHB has been reported to have said previously that the total LAD incurred by the UEM-Bina Puri JV was RM60mil.

However, the contractors appealed against the LAD, saying that there were many last-minute requests and additional changes by the clients.

MAHB closed 16 sen down at RM6.19 on Wednesday.
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