“We are pleased to announce that the construction cost for Phases 1 and 2 of the ECRL has now been reduced to RM44 billion, a reduction of RM21.5 billion, from its original cost of RM65.5 billion," read a statement from the Prime Minister’s Office.
LTAT had also recognised RM202.71 million from the sale of lands located in Cochrane and Bukit Jalil which should not have been recorded in its financial statements, as the terms of the transaction were not completed in 2017.
"We will take action so that he will be reminded that no one is protected from regulations in the Parliament," Mahathir said.
The financially-stressed agency intends to revisit the terms of the LLA for a fairer deal.
Under the put option, if Felda wants to resell the stake, Rajawali has to buy back the shares along with an interest payment of 6% per annum.
"We are going through the forensic report and many names have cropped up in this investigation.”
“We have imposed extra conditions on Lynas, saying that they must take away their wastes. But where would they take it to?
“Australia? Australia will not accept it so they can’t do that.”
Vizione said the sum was paid in 2017 from the account of wholly-owned Vizione Construction Sdn Bhd to a nominee of the main contractor of the PMI project, Consortium Zenith Construction Sdn Bhd, for Package 1 of the PMI project.
Amrin came on board Sime Darby Property after the demerger of Sime Darby Bhd in 2017, which saw the listing of the group's property and plantation divisions.
The CEO will be taking over the group MD post vacated by Lodin — sources
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