PETALING JAYA: The Port Klang Free Zone (PKFZ) project is a recent example of a case where poor control and oversight resulted in substantial cost overruns and additional expenses which ran into billions of ringgit.
Poorly managed financial plans and overcharging for the project, modelled after Dubai’s Jebel Ali Free Zone (Jafza), have turned the dream project into a nightmare, with costs running to RM4.6bil from an initial RM2bil.
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