Thursday, 4 July 2013

MAHB received VO claims from several contractors, value more than RM250m?

Malaysia Airports Holdings Bhd (MAHB) has received variation order (VO) claims from several contractors of the low-cost carrier terminal klia2, which may raise its cost to RM4.6bn, a person with firsthand knowledge on the matter says. Rumour has it that MAHB received VO claims of more than RM250m from contractors who were asked to extend runway 3, raise earthworks and upgrade public infrastructure.
  • The amount, however, does not take into account the VO claim of around RM300m expected from UEM-Bina Puri joint venture (JV). An MAHB official, however, said that all the VOs have been accounted for and approved by the airport operator. (BT)

Source: CIMB Daybreak - 04 July 2013

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