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PETALING JAYA: Prasarana Malaysia Berhad first received Cabinet approval in 2015 to issue bonds guaranteed by the RM10bil government for the construction of the LRT3, said l & # 39; operator of public transport service, Saturday, July 14.
On Saturday (14 July), the RM10bil government guarantee, approved on 30 March 2015, only takes into account the cost of works contracts and supply of refueling buses (RM9bil), as well as the cost of 39 acquisition of land (RM1bil). Prasarana was fully aware that the initial cost of LRT3 (RM10bil) was insufficient, and a substantial increase would be required for the project to be completed, "added the operator
The initial government guarantee excluded the government service tax (GST) (now no longer required), Fees for Project Implementation Partner (PDP); PDP Refundable Cost; Contingencies; Owner's cost, including contributions to utilities, the cost of personnel, etc.; Advice of the owner, eg Independent Verification Engineer under the Public Land Transport Commission (SPAD); Preliminary and General Costs; Land Leasing; Cost Claim; and Interest during the
On March 30, 2018, Prasarana formally requested authorization to issue additional bonds guaranteed by the Government of Canada. RM22 government with the hope that the final total cost of LRT3 would increase to RM 31.65bil.
of the Department of Finance on the "rigorous and complete rationalization of costs" to be approved.
According to the operator, the Minister of Finance Lim Guan Eng had announced that the Cabinet had approved the reduced cost of the project at RM16.6bil, a reduction of 47% She added that she would comply with instructions from the Ministry of Finance.
The statement shared that the SPAD also fully supported the Ministry of Finance's decision to rationalize costs. "Given the financial constraints facing the government, Prasarana has supported the decision to remove stations whose" acha "
" SPAD also fully sanctioned the discounts offered in the stations, which should not result in However, provisions have been made for the construction of new stations or the modernization of existing stations when demand increases in the future. "
Minimum impact of the revised LRT3 project on the development of new stations. AQRS of Gabungan [19659014] The reduction of the LRT3 project raises concerns
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