CEO Morning Brief

PJD Link Developer to Get Official Letter Soon on Cancellation, Says Nanta

edgeinvest
Publish date: Fri, 19 Apr 2024, 09:43 AM
edgeinvest
0 21,586
TheEdge CEO Morning Brief

KUALA LUMPUR (April 18): The developer of the Petaling Jaya Dispersal Link (PJD Link) expressway will receive an official letter soon, notifying it of the cancellation of the construction project.

Works Minister Datuk Seri Alexander Nanta Linggi announced that this follows the Cabinet's conclusion on Wednesday to halt the construction of the PJD Link project.

"As mentioned by Communications Minister Fahmi Fadzil yesterday, the Cabinet's decision confirmed the cancellation of the PJD Link project. The project was terminated due to a deadline.

"So it (the developer) failed to meet the required conditions when that period ended. Therefore, it has been automatically cancelled," Nanta told the media during an interaction and Aidilfitri event by the Construction Industry Development Board (CIDB) at the CIDB Convention Centre on Thursday.

Nanta added that as of now, it is uncertain whether the government needs to compensate the developer for the cancellation.

Meanwhile, PJD Link (M) Sdn Bhd in a statement on Thursday said the company noted the Cabinet's announcement on the project, and is awaiting official notification from the government.

“The unfulfilled conditions as mentioned by the honourable Communications Minister Fahmi Fadzil were in fact due to the conditions precedent, which had taken longer than expected due to the complexities of this project.

“We are enthusiastic about the opportunity to address any misconceptions surrounding the PJD Link and engage in ongoing discussions about this vital infrastructure project, which promises significant and enduring socio-economic advantages,” read the statement.

On Wednesday, Fahmi said the Cabinet had decided that the construction of the PJD Link would not proceed after the developer failed to fulfil several conditions.

He emphasised that there was no extension of time for the developer since the project concession holder still failed to meet the specified conditions.

Source: TheEdge - 19 Apr 2024

Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment