Thursday, April 13, 2006

Gerbang Perdana $100 million Windfall

Gerbang $100 million Windfall

The Scenic Bridge is porchik (scrapped).

Hopes of many dashed....

However, Gerbang Perdana Sdn Bhd, the contractor appointed three weeks ago, wasn't too unhappy. In fact, they strike gold mine.

Prime Minister Abdullah Badawi said compensation of RM100 million would be paid to Gerbang Perdana, the contractor of the project. That's a windfall!!!!

That's not all! The government will also award few other projects in Johor to be implemented by Gerbang Perdana.

Wow!!! Don't need to work; don't need to look for bank financing; don't need to deal with uncertainties and risks associated with construction management and business management. $100 million to be pocketed clean-cut and net! 9th Malaysia Plan first success story and the winner is ... Gerbang and company. Who else ? You can guess!!!