US$133m paid to two builders for Bakun delays
KUALA LUMPUR: The government agreed to pay US$133 million (RM432 million) in compensation to two foreign contractors for losses incurred in the problem-plagued Bakun Dam, an audit has revealed.
The compensation is a rare acknowledgement of problems in a controversial project that Transparency International once labelled a "Monument to Corruption".
The report submitted to Parliament on Tuesday said two contractors suffered delays of up to four years in civil engineering works, causing their costs to spike.
The contractors were French-based Alstom and the Impsa-Malaysia group. AFP