Extracted from Malaysiakini
Bakun dam more than half-completed
"We reached 118-metre elevation yesterday out of the total height of the dam which is 205 metres," Sime Engineering managing director Mohamad Shukri Baharom told the New Straits Times.
2,000 people at the site working 24 hours a day. There are also 700 workers
Last month a report said completion of the dam could be delayed by 18 months, while the government is to loan millions of dollars to the main contractor to offset cash-flow problems.
Sources told the Edge financial weekly that the government had approved the loan of RM200 million (US$53.05 million) to "ease the cash-flow situation" for the contractor, a consortium of seven companies.
Delays and setbacks
The New Straits Times said that Sime has set aside RM130 million to cover any potential losses but does not expect to make more provisions while submissions were made to the government for reimbursement of cost overruns and an extension of time.
No further details were available.
project in eastern
The dam, which involves flooding an area the size of