LRT3 firms want govt's help as Tajuddin-led Prasarana withholds RM700m payments

LRT3 firms want govt's help as Tajuddin-led Prasarana withholds RM700m payments - Hello loyal readers FeedGoogle, In the article you are reading this time with the title LRT3 firms want govt's help as Tajuddin-led Prasarana withholds RM700m payments, We have prepared this article well for you to read and take information in it. hopefully the contents of the post Article Malaysians, what we write you can understand. Alright, happy reading.

The top executives of 17 contractors and consulting firms involved in the LRT3 project have turned to the government for help as they are owed more than RM700 million for work done since July and this amount is expected to break RM1 billion this month.According to a joint-letter which the companies sent to Finance Minister Tengku Zafrul Abdul Aziz and Transport Minister Wee Ka Siong today, they said Prasarana has not paid them for the work done on the LRT3 project from July to December and that they are now facing difficulty to continue with the rail construction."Dato' Seri, in order to ensure the project meets the deadline of development progress as set by Prasarana, we have tried our best to fund the works through our own internal funds."However, we can no longer do so as the outstanding sum owed is quite huge. This is putting major pressure on our finances an…