RM7 bil for flood mitigation on hold, subject to review: PM

[superadmin]

PUTRAJAYA – Prime Minister Datuk Seri Anwar Ibrahim has directed Finance Ministry officials to suspend the approval of RM7 billion, including for flood mitigation projects, through direct negotiation subject to re-examination.

Anwar, who is also finance minister, said that the ministry’s officials have been asked to re-examine the approvals granted to ensure that they are transparent and comply with the regulations.

“We will re-examine some of the previous approvals... we will continue the good ones but with a new approach.

“The issues of poverty, disparity are the main measures to drive economic development.

“I also emphasise that some of the recent approvals, including the approval of flood mitigation projects which are allocated somewhere around RM15 billion and RM7 billion have already been approved – without a regular tender process – through direct negotiations.

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