Boustead forms committee to ensure LCS project delivery FMTNews
The Public Accounts Committee is due to revisit the progress of the RM9 billion littoral combat ship project in the next Dewan Rakyat session.
BHB, which is the parent company to Boustead Naval Shipyard Sdn Bhd , added that the committee will be co-chaired by the secretaries-general of the treasury and defence ministry. “The new management at BNS, Boustead Heavy Industries Corporation Berhad , BHB, and Lembaga Tabung Angkatan Tentera has allowed the company and its shareholders to take an objective assessment of the project and look into the best way forward to complete the delivery of the ships,” Nazim said.
On May 19, the Public Accounts Committee said it intended to hold fresh proceedings into the controversial LCS project in the upcoming Dewan Rakyat meeting. The LCS project, said to be the largest defence procurement in Malaysia’s history with a total cost of RM9 billion, came under intense scrutiny last year after the PAC revealed that not one of the six ships had been completed although Putrajaya had already paid out RM6.08 billion.
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