MAHB to impose LAD on UEMC-Bina Puri JV for delay in KLIA2 project


KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) will start imposing liquidated and ascertained damages (LAD) of RM199,445.40 per day on UEMC-Bina Puri JV, the contractor of the main terminal building of KLIA2.

In a filing with Bursa Malaysia, the airport operator said it had issued the Certificate of Non-Completion to UEMC-Bina Puri for its inability to complete the work by the approved deadline of June 15.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

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 , MAHB

   

Next In Business News

Jentayu hopes to sign PPA for Sipitang hydropower plant by mid-year
Malaysia needs up to RM90bil to fund critical energy projects in next 10 years
GDEX to diversify into IT services and solutions
Bursa Malaysia collaborates with UK's MOBILIST to enable greater investment in energy transition
MIDA appoints Sikh Shamsul Ibrahim as CEO
Bursa Malaysia continues downtrend with over 1,000 counters in red
Asian bonds see first monthly outflow in five on easing US rate-cut hopes
CTOS, airasia academy team up to empower SMEs through strategic business education
Indonesia intervenes to stem rupiah's slide after currency hits 4-year low
Top-notch brands make beeline for Shanghai

Others Also Read