The Ministry of Finance wants the cost of LRT3 to be reduced by "much more than RM 6 billion"

PETALING JAYA: The Ministry of Finance has stated that it will not support additional funding for the 37 km LRT3 line unless Prasarana Malaysia Bhd cuts the cost of the project which , according to forecasts, could reach According to previous information, the cost of LRT3 had to be capped at 9 billion RM.

On March 30, 2018, Prasarana requested an additional government guarantee of RM 22 billion to secure funding. for the construction and completion of LRT3. This was added to a RM 10 billion RM bond facility guaranteed by the government in 2015.

"LRT3's total planned cost of RM 31.45 billion due to Prasarana mismanagement. requires drastic cost reductions to make LRT3 feasible and profitable Some press reports indicate that LRT3 can be reduced by RM 6 billion.
"The Ministry of Finance wants to declare more than RM 6 billion to be reduced for the LRT3 project to continue, "said the Finance Ministry Tuesday

A local newspaper reported Monday that Prasarana could consider taking over the construction of LRT3 from its delivery partner, Malaisian Resources Corp Bhd (MRCB) and George Kent (M) Bhd after the project bill was raised to RM 15 billion

The two companies were named PDP for the project in 2015, for a construction budget of we approved RM 9 billion.

As of August 2017, 11 of the 59 LRT3 work packages had been awarded, the largest work package valued at RM 1.56 billion, consortiumed by a consortium including CRRU Zhuzhou Locomotive Co. Ltd. , Siemens Ltd China and Tegap Dinamik Sdn Bhd.

The consortium was responsible for the design, manufacture, delivery, installation, testing and commissioning of 42 six-car light rail vehicles for the project. The project has reportedly increased by 10% so far.

The LRT3, which is expected to serve a population of two million people capable of carrying 36,700 passengers per hour, is considered essential for reducing traffic congestion along one of the largest and most densely-shaped economic development corridors. populated Klang Valley, from Klang to Petaling Jaya. LRT3 will extend from Bandar Utama to Johan Setia, Klang, with 26 stations in total.