Loke: Klang Valley Double Tracking project signed by BN one day before Parliament dissolved in 2018, Pakatan negotiated and reduced its cost by 15pc

Former transport minister Anthony Loke has clarified the Klang Valley Double Track Project, listed by the Finance Ministry as one of the biggest projects awarded through direct negotiations under Pakatan Harapan (PH), was inked under Barisan Nasional (BN) one day before Parliament was dissolved in 2018.

(MMO) – The Seremban MP said the project awarded to Dhaya Maju LTAT Sdn Bhd by the BN government was initially worth around RM5.26 billion, up to 15 per cent more than the reported value of RM4,475,250,000, and was signed on April 4, 2018.

Loke asserted that the PH government had in September 2018 decided to cancel the contract, with the Transport Ministry (MOT) serving the cancellation notice to Dhaya Maju LTAT.

He said the company then pleaded with the government several times, including directly to the prime minister, appeals that eventually resulted in renegotiations.

“Then, a series of negotiations were held to reduce the cost of the project.

“In the end, the company agreed to reduce the cost of the project by 15 per cent from its original cost.

“Then I, representing the Transport Ministry presented the matter to the Cabinet on July 5, 2019 through the Cabinet Ministers’ Memorandum and proposed several options to the Cabinet,” he said in a Facebook post this morning.

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