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Blog Entry# 3600825
Posted: Jul 04 2018 (11:32)
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Last Response: Jul 04 2018 (11:40)
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Last Response: Jul 04 2018 (11:40)
Jul 04 2018 (11:32) Malaysia seeks 'drastic' price cut in $20 bn China backed rail link project
A2Z~ 12817 news posts
Malaysia's government has said a major China-backed rail link project can only be viable with a "drastic" price reduction by the Chinese contractor as the actual...
Malaysia seeks 'drastic' price cut in $20 bn China backed rail link project
Malaysia seeks 'drastic' price cut in $20 bn China backed rail link project
* It is good to note that Malaysian Govt. has confidence in its estimate and is not willing to let its country looted.
* 688km High Speed Corridor is supposed to cost 20 billion US$ i.e. 1.3 lac crore Rs. Inflation of project cost is the biggest source of corruption in projects, which has to be checked right at the initial stage.
* In comparision where as 508kms long Mumbai-Ahmedabad HST is estimated to cost Rs. 1.1 lac crore. Our cost too appears to be on the higher side. However clauses of Technology...
more...
* 688km High Speed Corridor is supposed to cost 20 billion US$ i.e. 1.3 lac crore Rs. Inflation of project cost is the biggest source of corruption in projects, which has to be checked right at the initial stage.
* In comparision where as 508kms long Mumbai-Ahmedabad HST is estimated to cost Rs. 1.1 lac crore. Our cost too appears to be on the higher side. However clauses of Technology...
more...