Govt in bid to recover RM3.5 billion for Sabah’s incomplete pipeline project


Trying being the key word.

Dateline 2019-01-19, FMT:

Putrajaya is currently trying to recover the money it has already paid to the company contracted to build the Trans-Sabah Gas Pipeline (TSGP) project.

Minister of Energy, Science, Technology, Environment and Climate Change Yeo Bee Yin said the company was paid 84% of the total cost of the project worth RM4 billion, but the project progress was only recorded at 14%.

“We have two options at the moment. Either to recover the fund which was paid prematurely or to carry on with the project,” she told reporters today after attending a briefing by indigenous empowerment group Pacos today.

…

This entry was posted on Friday, February 8th, 2019 at 6:44 am and is filed under oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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