LRT3 likely to resume with reduced budget and revised plan - Business News - News Summed Up

LRT3 likely to resume with reduced budget and revised plan - Business News


KUALA LUMPUR: The light rail transit 3 (LRT3) project, which risked being shelved as a result of its cost rising by more than three times, is expected to resume in November with a reduced budget and revised plans, sources say. The cost of the LRT3 project was initially tagged at RM10bil. “Contractors have agreed to the new revised cost,” a source said. The LRT3 project is expected to serve a population of 2 million with the capacity to transport 36,700 passengers per hour each way. With the resumption of the LRT3 project, this means only three large government construction/rail projects are ongoing, namely LRT3, mass rapid transit 2 or MRT2 from Sg Buloh-Serdang-Putrajaya and the Pan-Borneo Highway in Sabah and Sarawak.


Source: The Star September 16, 2018 23:37 UTC



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