Cancer Institute cost jump to 700 million

Another case of crony capitalism by UMNO/BN. The Cancer Institute which was supposed to cost RM340 million (even this figure is likely inflated) and scheduled to be completed June 2009 has now balloned to RM700 million and still only in the "final stages" of construction. It would not be a surprise if the cost jump even further

Cancer institute's price doubles to RM700 million
Joseph Sipalan
Oct 20, 10
3:19pm
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PARLIAMENT The opposition bench today launched new salvoes at Prime Minister Najib Abdul Razak and his far-reaching government transformation plan (GTP), this time claiming that the construction cost of the National Cancer Institute in Putrajaya had jumped by 100 percent to RM700 million.

PKR Machang MP Saifuddin Nasution (right) said the institute was initially supposed to cost RM340 million as indicated under the Ninth Malaysia Plan of former premier Abdullah Ahmad Badawi.

Saifuddin said the project, which was launched by Abdullah on Jan 9, 2007, was scheduled to be completed over 30 months by June 2009.

“But on March 10, 2009, the then Deputy Health Minister (Dr Abdul) Latif Ahmad said in Parliament that the institute is in the final stages of construction and will cost RM700 million,” he said at a press conference in Parliament.

“Twenty four months after the project was announced, the cost escalated by 100 percent,” he said.

Source: Malaysiakini: Cancer institute's price doubles to RM700 million