Wednesday, October 15, 2008

Government to relook and shelve some projects

The Government will review and shelve some projects including those in the economic corridors in view of the global economic slowdown, said Datuk Seri Abdullah Ahmad Badawi.

The Prime Minister said the Government would decide which projects should go ahead and which could be put on hold.

“We have made the decision to review the projects once again. We need to postpone some projects which have yet to start construction,” he said at Akademi Kenegaraan’s closing ceremony for the Spirit of Merdeka 2008.

Abdullah said the action was appropriate because these were big projects and involved huge sums of money.

“The review involves all projects including those in the economic corridors. We will implement those we can afford and hold back those which can be postponed,” he said.

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