Dr M: Govt will conduct six-month study on RTS viability


  • Business
  • Thursday, 30 May 2019

– Bloomberg

KUALA LUMPUR (Bernama): The Government will conduct a six-month study on the Johor Baru-Singapore Rapid Transit System Link (RTS) project to determine whether it would be beneficial to the country, says Prime Minister Tun Dr Mahathir Mohamad.

"The previous government entered into some kind of agreement on several projects in Malaysia.

"We felt that the contracts were overpriced and there was some evidence of corruption and we decided long before we became the government to do away with the projects.

"However, doing away with the projects or cancelling them would involve very high compensation," he said at the Foreign Correspondents' Club of Japan in Tokyo, Japan on Wednesday (May 30).

Dr Mahathir said the present government had decided to reduce the cost of the projects and renegotiate with the contractors, such as the East Coast Rail Link (ECRL), where the government managed to slash RM21bil from the original cost.

"Now we also have other projects, which we may have to delay, either delay or reduce the scope or the cost. This is what we are doing, but we are doing through negotiations," he said.

Among others he said, Malaysia needs two years to decide on the Kuala Lumpur-Singapore High-Speed Rail (HSR) project.

"These are being settled amicably between the Malaysian government and the contractors of the previous government," added Dr Mahathir. – Bernama

 

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
   

Next In Nation

Health Ministry: 2,364 new cases, 10 fatalities
Covid-19: Cases up by 2,364 bringing total to 298,315 (updated daily)
Titles will not save drug syndicate masterminds from the law, assures IGP
IGP: 15 wanted Thai militants might try to sneak into Malaysia
Covid-19: Malaysians keen on mass vaccination to stem pandemic spread
Wisma Putra: Hisham to make three-day official visit to Brunei
Bus ferrying Covid-19 patients involved in accident in Serdang, six lightly injured
Covid-19: Introduce three-tier system for SOP violators instead of RM10k fines for all, says Lee Lam Thye
MCA launches memorial website on founding president Tun Sir Tan Cheng Lock
Be reasonable when imposing compounds on SOP violators, says Bersatu youth wing

Stories You'll Enjoy


Vouchers