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| No news yet on PKFZ report |
| Written by The Edge Financial Daily | |||
| Tuesday, 05 May 2009 00:14 | |||
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When contacted, PKA general manager Lim Thean Shiang in a reply through SMS said that chairman Datuk Lee Hwa Beng was overseas and scheduled to be back today. In one of his Facebook threads, Lee had said "the report shall be released by next Wednesday ie within the seven days dateline (sic)". Last Wednesday, Ong wrote in his blog that he has tasked Lee to release the report on PKFZ prepared by PricewaterhouseCoopers within a week. This was following the declassification of certain correspondences and documents that were not related to the Ministry of Transport. The PKFZ project, which was financed mainly by debts, has hogged the limelight for the wrong reasons due to its huge cost overrun and that it involved several politicians. It ended up with the PKA having to rely on a RM4.6 billion standby facility from the government to redeem several tranches of bonds issued to finance the project. It has been reported that the cost of the project to PKA is much more than RM4.6 billion.
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