Malay contractors group backs Putrajaya deferment of development projects instead of stopping them halfway

Development staff stroll throughout a platform at a constructing web site in Kuala Lumpur on November 5, 2020. — Image by Shafwan Zaidon

By Zarrah Morden

Tuesday, 19 Jul 2022 10:08 AM MYT

KUALA LUMPUR, July 19 — The Malaysian Malay Contractors Affiliation (PKMM) helps the federal government’s determination to defer public growth initiatives, at a time when the economic system remains to be risky.

Its president Datuk Seri Mohamed Fadzill Hassan mentioned suspending growth initiatives earlier than beginning them is healthier than suspending them halfway by means of due to monetary points, Berita Harian reported immediately.

“I’ve no problem with suspending initiatives, as that’s significantly better than operating a undertaking however not having the cash to complete it,” he was quoted as saying.

He mentioned there is no such thing as a want for big expenditures on initiatives which can be unimportant, contemplating the present state of Malaysia’s economic system.

However he additionally mentioned that initiatives that convey advantages to Malaysians, equivalent to highway upkeep, needs to be continued.

Mohamed Fadzill instructed the Malay paper that he doesn’t suppose the federal government’s determination to postpone these growth initiatives will lead to losses to contractors.

“So long as the letter of acceptance just isn’t issued, contractors won’t tackle staff. Orders won’t exit for constructing supplies and there shall be no must buy insurance coverage for staff.

“If a undertaking just isn’t run, the contractor won’t should do any of the above and won’t must bear any prices. The contractor faces no loss and the federal government additionally has no must pay,” he was quoted as saying.

Final Saturday, Minister within the Prime Minister’s Division (Economic system) Datuk Seri Mustapa Mohamed introduced that initiatives which have but to start shall be postponed so that cash could be channelled for the welfare of the folks and financial restoration.

The transfer adopted a directive issued by means of the Malaysia Treasury Round — Pointers on Public Expenditure Financial savings.