Lim Sian See
YB Chow Kon Yeow is my winner for the best explanation for 2017 so far.
Listen to him explain (READ HERE for full article):
The cost of the Penang Transport Master Plan (PTMP) has not escalated, according to Local Government Committee chairman Chow Kon Yeow.
He said the amount of RM27 billion and RM46 billion bandied about referenced two different documents.
Chow said the smaller sum was for the tender estimation based on the initial conceptual studies drawn up by transport consultant Halcrow in 2011.
He said the larger figure was for the plan by SRS Consortium, the PTMP project delivery partner (PDP), which included railway and highway networks.
Chow said those submitting their proposals under the request for proposal (RFP) exercise did not have to follow the Halcrow recommendations 100% and were free to submit their own proposals.
There you have it!
The cost of the project has not increased even though it was RM27 billion in 2011 and RM46 billion now.