If your new property isn’t handed over by an agreed date as stated in the sale and purchase agreement, the developer has to pay liquidated ascertained damages (LAD) to buyers. LAD also exists in government infrastructure projects, and the compensation is RM100,000 per delayed day for the KLIA aerotrain.
As the KLIA aerotrain contractors were 91 days late in handing over the the project, Malaysia Airports (MAHB) is claiming a LAD penalty of RM9.1 million from Alstom IJM Construction and Pestech Technology, which are the two parties in the IJMC-Pestech joint venture. The 91 days are from April 1, 2025 till June 30, 2025, reported by Bernama.
The new KLIA aerotrain had a less-than-smooth start to life, but earlier this month, MAHB said an independent rail assessor confirmed that the system was operating as planned, with service disruptions being typical in the early operational phase of a complex rail system.
The assessor reportedly found that the disruptions did not pose a safety risk as structured engineering controls and ongoing monitoring were in place to effectively manage the issues – full story here.
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You can impose but whether you get paid, that’s another story. Hope MAHB can publicly announce after they successfully get the 9.1m from contractors.
Just fire Loke will solve everything. Heck fire PH Gomen will solve everything wrong with this nation!
Of course, you are just too sick & tired to understand that the contractors were found to be in the wrong and they will have to pay the penalty.
So is the LAD being paid by the actual contractor or tax payers money one wonder?
If u need to ask such a question after reading the above-mentioned article, there must something wrong with your reading skills.
the only solution to this is to let a type C company run klia aerotrain , for example look at how problem-free KLia Ekspres is because its operated by YTL
people look for best performing grade A company, not C
can sit down drink a coffee and bincang. 90k plus one new landed unit for mahb boss by ijm. settled.
macc officer also can sit down drink coffee & bincang with whistleblower
sounds like sarcasm but your comment is probably a lot closer to reality than most of us realize, because IJM is currently under MACC probe for corruption
Anyone rode this aerotrain recently? Super slow and super rough ride. After I rode on Chinese high speed train and their metro train, I now can appreciate the vast difference. This aerotrain feels like very old technology. I bet it cost way more too. Don’t take my words for it. Experience both yourself.