A planned multi-billion-ringgit project to upgrade the country’s immigration system and tighten national border security may now be repackaged into smaller portions, say industry sources.
Instead of awarding the full 12-year contract, which could be valued at close to RM6bil, the Government may opt to kickstart the security upgrades by awarding it in smaller work packages, they said.
A source explained that this may be due to the high cost of the planned upgrade, which is likely to rise even further due to the strong US dollar.
Another reason for the repackaging of the contract, he said, was due to the recent security breach in the Immigration Department’s system.
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Instead of awarding the full 12-year contract, which could be valued at close to RM6bil, the Government may opt to kickstart the security upgrades by awarding it in smaller work packages, they said.
A source explained that this may be due to the high cost of the planned upgrade, which is likely to rise even further due to the strong US dollar.
Another reason for the repackaging of the contract, he said, was due to the recent security breach in the Immigration Department’s system.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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