| Najib to hear out Tee Keat on PKFZ declassification |
| Written by The Edge Financial Daily | |||
| Tuesday, 28 April 2009 00:34 | |||
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PUTRAJAYA: Prime Minister Datuk Seri Najib Razak will hear out what Transport Minister Datuk Seri Ong Tee Keat has to say about the proposed declassification of certain letters and correspondence in relation to the Port Klang Free Zone (PKFZ) project that has hogged the limelight for its huge cost over-run.
It has been reported that the other ministry is believed to be the Ministry of Finance. The current issue of The Edge weekly reports that the PKFZ project can cost up to RM8 billion instead of RM4.6 billion due to the higher cost of funds and unfavourable financing terms. It is said that the project to build a transshipment hub started off initially with a budget of less than RM2.5 billion.
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