The RM3.12 billion West Coast Highway project has been shelved as the consortium involved failed to secure financing in the stipulated time.
The Talam/Europlus Bhd consortium had been awarded the project to build a 250km road linking Taiping in Perak to Banting in Selangor."We will probably need to re-tender because the company offered the job could not finalise the deal as the financial (part was not done) in time, which is after almost 15 months," Economic Planning Unit (EPU) director Tan Sri Dr Sulaiman Mahbob said yesterday.He was speaking at a question-and-answer session at the briefing and panel discussion, "Towards Sustained Economic Growth to Counter the Global Economic Slowdown", in Kuala Lumpur.On the Selangor-Pahang water transfer project, Sulaiman said that tenders were being called. - Bernama
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