IJM contract termination likely due to deadline issue


NOTHING seems certain in corporate Malaysia, especially when it comes to contracts on the award of jobs. Some contracts awarded under the previous government that was initially perceived to be up for grabs have been given back to the original contractors.

The latest is the multi-billion-ringgit Klang Valley double track phase 2 project where the contract has been reinstated to the original contractors – a joint venture between Dhaya Maju Infrastructure (Asia) Sdn Bhd (DMIA) and Lembaga Tabung Angkatan Tentera (LTAT) – at a reduced price of RM4.475bil.

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