MRT Corp – OwhYes !

21AugAugust 21, 2025

Revised RM16.8bil ceiling for LRT Mutiara Line reflects market conditions, not cost escalation, MRT Corp clarifies

KUALA LUMPUR: MRT Corp clarified on Thursday (Aug 21) that the budget ceiling for the LRT Mutiara Line project has been set at RM16.8bil, stressing that the figure reflects current market conditions and not uncontrolled cost escalation. The company said the original estimate for the Penang LRT Bayan Lepas Project in 2016 was RM10bil, based on...

By James LimmalaysiaAllocation, Ceiling, Cost Escalation, LRT Mutiara Line, Market Conditions, MRT Corp, Penang, Tan Teik Cheng0 CommentsRead more...

18NovNovember 18, 2024

Construction of MRT3 project may only start in 2027, says MRT Corp

KUALA LUMPUR: The on-site construction of the Mass Rapid Transit 3 (MRT3) project may only commence in 2027 after Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) completes the land acquisition process, MRT Corp chief executive officer Datuk Mohd Zarif Hashim said. He added that the process was currently underway with public inspections taking place until...

By Stephanie Chanmalaysia, NewsAwards, inspections, Land Acquisition, MRT Corp, MRT30 CommentsRead more...

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