QUOTE(cybermaster98 @ Nov 2 2010, 11:07 AM)
I recently attended a high profile forum with some renowned figures in the corporate world including some top guns from PNB. The 5 billion price tag was just a ball park figure. No study was properly done. No preliminary design or evaluation of costs. It was merely something pulled out at the last minute to spice up the budget. So the final price can (and will) balloon considerably when you take into account inflation and other 'handouts'. Be prepared for a RM 8 billion final price tag at the very least.
Don't be surprised if it is even higher than this. Malaysia Boleh after all QUOTE(cheahcw2003 @ Nov 2 2010, 11:36 AM)
see how the government handle the budget of building up the Istana Negara then u know, it was budgetted at 635million, and ended up government need to pay rm935million. Expect many ppl get paid hansomely besides the contractor. The beauty of this case that they used back the same contractor that build a stadium in Trengganu that collasped after 1 year it was built. And the Istana construction contract were granted to the same contractor AFTER the collaspe of Trengganu Stadium....
Actually, when they first announced this new Istana Negara project, the total cost is a mere RM400 million only.
Nov 2 2010, 12:37 PM
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