Well , I just finished my Microecons paper today and when I came back to my room , logged into the internet and went to MalaysiaToday's website , I was shocked . According to the latest announcement and findings by the Public Accounts Committee (PAC) , to build the bridge costs less than scrapping the bridge project !
The following are extracts from the article :
After a briefing by the Public Works Department in Parliament House, PAC chairman Datuk Shahrir Abdul Samad gave the breakdown:
> RM280 million to build a permanent eight-tiered overhead road connecting the new Customs, Immigration and Quarantine complex in Johor Baru and the Causeway;
> RM190 million to build other flyovers and connecting roads to the elevated highway;
> RM170 million in payments for work done on the project before it was called off; and
> About RM100 million compensation to project contractor Gerbang Perdana Sdn Bhd (this amount has yet to be finalised).
RM740 million in public funds is needed to cover the costs of scrapping the bridge, compared with the original bill of RM1.113 billion for building the structure.
Amazing huh ? Hmm . We pay so much for nothing instead of getting something ! I'm still having my finals , will be blogging more later .