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Leong Sze Hian: Bad budgetting or construction costs led to 70% increase by LTA?

Confuseous

Alfrescian (Inf)
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1 more MRT station?

The number of MRT stations will increase by one more, from 33 to 34. So, a three per cent increase in the number of stations has contributed to a 73 per cent increase in the costs.

2 more km of tracks?

The length of MRT tracks will increase by two km from 40 to 42 km. So, a five per cent increase in the length of MRT tracks has also contributed to a 73 per cent in the costs.

Get more firms to bid?

As to “(LTA), which also said it is taking steps – like inviting more firms to bid for projects – to rein in prices”, does this imply that they did not do enough in the past, to invite more firms to bid for projects – to rein in prices?

Detailed breakdown?

We need a more detailed breakdown and accounting as to “Half of this $8.7 billion increase was attributed to a sharp rise in construction cost, with the other half linked to a number of changes to the project”.

- http://leongszehian.com/?p=1987
 
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