Not RM12 b, says Minister. In 07, when the story broke, the PKFZ was referred to as the "RM4.6 billion fiasco". The RM12 billion figure was the estimated cost of the project given by PWC in its contentious report to the government. Transport Minister Ong Tee Keat said here the actual cost "has not been finalised".
Is it bigger than RM12 billion, then? OTK will make his much-awaited ministerial statement on PKFZ in Parliament in a few minutes. Suspense.
p.s. It's certainly ain't RM12 b or RM4.6 b for Faizal Abdullah, the Group Deputy CEO of Wijaya Baru Global Bhd, the company involved in developing PKFZ. In an interview with the NST (published on Saturday and Sunday), the pissed-off Faizal said it's not even RM1.2 billion (the original cost of the project) as far as the company is concerned.
"We have been paid only RM300 million for our troubles," he told me at during a meeting last week.
Faizal and co are considering sueing the government and PWC for those "troubles", too.
Watch this space for updates.