Putrajaya terminates middleman for Pan Borneo Highway project, to save RM3.1b
Thursday, 06 Feb 2020 05:56 PM MYTFinance Minister Lim Guan Eng speaks after witnessing the signing of a new agreement involving the Pakatan Harapan federal government, the Sarawak government and Danainfra Nasional Berhad February 6, 2020. ― Picture by Yusof Mat Isa
Lim said the decision will save some RM3.1 billion in costs, most of it from the removal of a 5.5 per cent service cost imposed by the PDPs. “The estimated financial implication to the government with the involvement of PDP companies before this was at RM21.9 billion where are the estimate for the financial implications once the PDP agreements are terminated us around RM18.8 billion,” he told reporters at his ministry here after witnessing the signing of a new agreement involving the Pakatan Harapan federal government, the Sarawak government and Danainfra Nasional Berhad.
He said the RM3.1 billion gained in savings would be channelled back towards development and infrastructure projects in Sarawak to ensure proper socio-economical development in the state.
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