The new gov't has done well to axe some projects awarded by the previous administration; review and renegotiate others.
The Pakatan Harapan government, which is nearing its one-year anniversary, has axed some projects awarded by the previous government and is in the midst of reviewing and renegotiating several other projects to ensure they are reasonably priced.
The government also made a bold move by cancelling the Multi-Product Pipeline, Sabah Gas Pipeline and another pipeline linking Melaka to a Petronas refinery and petrochemical plant in Johor. “Corruption, criminal fraud, abuse of power and abuse of process are examples, which may give rise to illegality sufficient enough to entitle the government to exit from previously entered into contracts,” said the lawyer with almost three decades of experience.
“This is the sphere of contracts which are manifestly unfair. Whilst these contracts are not illegal they are inherently unjust and unconscionable". “In instances where there has been a mismatch between the progress of work done and contract sums being paid out, there would be a case of restitution of benefits obtained through unjust enrichment of the concession company.
Jal observes that any exit by the government should be after a constructive engagement with the financiers.
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