World · Malaysia Bureau
Petra defends RM601m cost hike for Kelantan's Sungai Golok project
The Sungai Golok Integrated River Basin project in Kelantan has seen its contract value significantly increased, prompting Petra, the implementing agency, to explain the cost escalation to auditors.
LSN Malaysia ·
PUTRAJAYA — Petra Buildcorp has responded to findings from the Auditor-General's office regarding substantial cost increases for the Sungai Golok Integrated River Basin (PLSB) project in Kelantan, with the contract value now standing at RM601 million.
The project, which aims to manage river basin development in the state, experienced notable financial adjustments since its initial conception. Petra has provided explanations to address concerns raised in the auditor's report regarding the escalation in project costs.
The Sungai Golok PLSB initiative represents a significant infrastructure undertaking for Kelantan, focusing on integrated management of the river basin system. The cost increase reflects various factors in the project's implementation, though specific details regarding the nature of the escalation have been submitted to the Auditor-General's office.
The response from Petra comes as part of routine accountability procedures, with the agency addressing queries from the nation's top auditor concerning public fund management and project expenditure. The clarifications provided are intended to ensure transparency in how the substantial investment is being utilised for the development project.