Are We Having Super Inflation in Malaysia?
The way some costs are spiraling, the rakyat must be wondering if Malaysia is going the way of the South American economies of the 70s.
Bank Negara always comes up with some nice figure with the annual inflation of below 6% but the “crooked bridge” project seems to have morphed into a “crooked road” project.
At first it was mentioned that a temporary road would cost RM30m and then it was upgraded to a flyover costing RM100m when it was announced that the bridge would be scrapped and in the latest Niteline the price has been escalated to RM250m.
All these details were reported at events where the Works Minister was present so I am not sure that he actually mentioned the price tags.
It seems quite expensive for a short span of flyover of about 1.6km when a more complex project of 3.5km costs only RM174m. Or is the RM100m compensation for the aborted bridge included in the price quoted?
Like the stagnant water in the Causeway, this project really stinks.
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