A-G's report: Two Public Private Partnership projects worth RM248m a flop | Malay Mail

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KUALA LUMPUR, Dec 2 — Two Public Private Partnership (PPP) projects under the support of the Facilitation Fund, worth RM248 million, failed to materialise, according to the Auditor-General’s Report, Series 2 2018 released today. One project was the Geothermal Power Plant...

Monday, 02 Dec 2019 04:24 PM MYT

One project was the Geothermal Power Plant which as of May 2019 remained uncompleted due to the withdrawal of incentive by the Sustainable Energy Development Authority . The Government allocated RM30 billion to stimulate private investment in strategic priority areas and impact the country's economy. As of Dec 31, 2018, the government has disbursed RM12.013 billion for PPP to the fund.

For example, funds were withdrawn for acquisition of land for the East Coast Rail Link, MultiProduct Pipeline and Trans-Sabah Gas Pipeline projects. "The discussions and technical evaluations during the meetings were not minuted clearly," the report said.

 

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