KUALA LUMPUR: Malaysian contractors have carried out 614 infrastructure projects overseas up to last year with contracts worth RM85.2 billion.
"Of the number, 489 projects worth RM32.74 billion had been completed while 125 projects worth RM52.45 billion are under construction," Works deputy minister Datuk Yong Khoon Seng in Dewan Negara on Thursday April 29.
He was replying to a question by Senator Datuk Daljit Singh Dalliwal on whether all contractors and industry players would be compelled to register with the Construction Industry Development Board (CIDB) before taking
on projects overseas. This was among proposals to amend the CIDB Act 1994 to protect contractors and industry players facing problems in their projects overseas.
"Previously there was no regulation to compel contractors to register with CIDB. With the amendment, we can monitor and help contractors facing problems such as late payments," Yong said.
Yong said the ministry and CIDB could only help contractors who did not flout their contracts. --Bernama
"Of the number, 489 projects worth RM32.74 billion had been completed while 125 projects worth RM52.45 billion are under construction," Works deputy minister Datuk Yong Khoon Seng in Dewan Negara on Thursday April 29.
He was replying to a question by Senator Datuk Daljit Singh Dalliwal on whether all contractors and industry players would be compelled to register with the Construction Industry Development Board (CIDB) before taking
on projects overseas. This was among proposals to amend the CIDB Act 1994 to protect contractors and industry players facing problems in their projects overseas.
"Previously there was no regulation to compel contractors to register with CIDB. With the amendment, we can monitor and help contractors facing problems such as late payments," Yong said.
Yong said the ministry and CIDB could only help contractors who did not flout their contracts. --Bernama
SHARE
TOP PICKS BY EDGEPROP
SALE
FEATURED
De Cendana Apartment
Setia Alam/Alam Nusantara, Selangor
RM 265,000
3 beds |
2 bath |
750 sqft
RENT
FEATURED
Bandar Baru Sri Petaling
Bandar Baru Sri Petaling, Kuala Lumpur
RM 3,300
- beds |
2 bath |
2000 sqft
SALE
FEATURED
Tropicana Aman Bayan Residences
Telok Panglima Garang, Selangor
RM 1,299,000
6 beds |
6 bath |
3415 sqft