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MMC-Gamuda has retained its contract to build the entire MRT2 project after agreeing to cut RM3.6 billion in costs for the underground half of the line.
Finance Minister Lim Guan Eng said as a result of this, the construction cost for MRT2 – excluding interest, land acquisition, and other costs – has been reduced by RM8.82 billion or 22.4 percent from RM39.95 billion or RM30.53 billion.
“The final cost savings of RM8.82 billion or 22.4 percent for MRT2 will reduce future fares that need to be paid by MRT users, which would inadvertently increase the usage of public transportation in the Klang Valley.
“Today, the cabinet has agreed to MMC-Gamuda’s new offer and the cost rationalisation exercise.
“All above-ground stations will continue to be built as planned earlier while two underground stations – Bandar Malaysia (North) and Bandar Malaysia (South) – will be postponed, bringing the total number of stations from the original 35 to 33 now,” Lim said in a statement today.
[More to follow]
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