No further provision for Bakun. WCT does not see the need to make further provision for cost-overrun from the Bakun project. It is believed that the additional RM450m provided by lead consortium member Sime Darby was to cover “costs sitting in Sime Darby’s books that it was unable to charge to the consortium” and not additional cost-overrun at the consortium level. As such, there is no need for WCT, who owns a 7.7% stake in the consortium, to make further provision.
WCT Berhad : No Further Provision For Bakun-25/05/2010
No comments:
Post a Comment