What was the original cost of the 121 projects?

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The original cost of the 121 projects was RM13.9 billion.

The Pakatan Harapan government successfully reduced the total expenditure for 121 projects from an initial RM13.9 billion to RM13.3 billion. This cost saving of RM805 million was achieved through a review and renegotiation of the project tenders.
Review and Renegotiation of Tenders

Following the 14th general election, the Pakatan Harapan administration initiated a suspension and review of all projects that had been approved under direct negotiation by the previous Barisan Nasional government. This comprehensive review was part of a broader strategy aimed at reducing government debt and overall expenditure. The Ministry of Finance indicated that this initiative demonstrated the government's commitment to transparency and accountability in public spending.
Cost Reduction Achieved

The renegotiation process resulted in a significant reduction of the overall project costs. The initial estimated cost for these 121 projects stood at RM13.9 billion. Through the review and subsequent renegotiations, the final agreed-upon cost was brought down to RM13.3 billion, thereby achieving a saving of RM805 million.
Emphasis on Open Tendering

The Ministry of Finance highlighted that adhering to an open tender process is crucial for cost efficiency and ensuring the best value for the public. This approach is believed to foster greater competition among potential contractors, leading to more competitive pricing and ultimately benefiting taxpayers. The cost-cutting exercise on these previously approved projects exemplifies this principle in practice.

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What was the original cost of the 121 projects?

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