LATEST NEWS   PM Anwar, Turkmenistan President Serdar Berdimuhamedov witnessed the signing of a strategic cooperation agreement between Petronas and Turkmenistan authorities-- PMO | At 6 pm, the ringgit eased to 4.1340/1395 versus the US dollar from Thursday's close of 4.1145/1195 | The collaboration opens up space for more strategic engagements in future, including exploring the great potential of Turkmenistan's natural gas sector, which has among the world's largest gas reserves - PMO | Gabungan Kelab Media Malaysia (GKMM) state affiliates receive RM10,000, GKMM receive RM30,000 from Communications Ministry - Fahmi | The achievement comes as Malaysia and Turkmenistan mark 30 years of cooperation in the energy sector, which has been a key pillar of bilateral relations between the two countries -- PMO | 

MAHB Imposes RM9.1 Mln Penalty On IJMC-Pestech JV Over KLIA Aerotrain -- MOT

KUALA LUMPUR, Feb 26 (Bernama) -- Malaysia Airports Holdings Bhd (MAHB) has imposed a ‘Liquidated and Ascertained Damages’ (LAD) penalty of RM9.1 million on the contractors, ALSTOM IJM Construction Sdn Bhd and Pestech Technology Sdn Bhd (IJMC-Pestech Joint Venture).

The Ministry of Transport (MOT) said the action was following their failure to complete the new aerotrain project at KL International Airport (KLIA).

It said the penalty was imposed for 91 days, starting from April 1, 2025 until June 30, 2025.

"As stated in the contract, the amount of LAD imposed is RM100,000 per day or a total amount of RM9.1 million," it said in a reply posted on the parliament website to a question from Khoo Poay Tiong (PH-Kota Melaka) on the amount of LAD or penalty imposed by MAHB on contractor Alstom IJM-Pestech Joint Venture for failing to satisfactorily deliver the new aerotrain project.

Earlier, MAHB said an independent rail assessor confirmed that the KLIA Aerotrain system was operating as planned, with service disruptions observed since it became operational being normal in the early operational phase of a complex rail system.

It said the assessor 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.

-- BERNAMA