KUALA LUMPUR: The government has agreed to continue with the Light Rail Transit Line 3 (LRT3) project at a total cost of RM16.6 billion, including the cost of land acquisition and other costs.
In a filing with Bursa Malaysia today, Malaysian Resources Corp Bhd (MRCB) said Prasarana Malaysia Bhd had informed the company of the continuation of the infrastructure project via a letter to MRCB George Kent Sdn Bhd, dated Sept 16.
It added that the project’s implementation would be remodelled from a project delivery partner (PDP) regime to a fixed price contract regime.
“MRCB will make a further announcement to Bursa Malaysia Securities as and when there is material development in relation to the project,” it added.
In 2015, the LRT3 project operator, Prasarana Malaysia, appointed MRCB and George Kent (Malaysia) Bhd as the PDP for the LRT3, with an initial RM9 billion budget for construction works and RM1 billion for land acquisition.