MRT2 is 70% complete, says Guan Eng

Arjuna Chandran Shankar / theedgemarkets.com
17 January, 2020
Updated:about 6 years ago
Today's supplemental agreement is the conclusion of the rationalisation process launched by the government for the project.

PUTRAJAYA (Jan 17): The current work progress for the Mass Rapid Transit Sungai Buloh-Serdang-Putrajaya Line, also known as MRT2, is 70% complete, according to Finance Minister Lim Guan Eng.

"Major works are expected to be completed in 2022 and MRT2 will become fully operational by 2023," he said at the signing of a supplementary agreement between Mass Rapid Transport Corp Sdn Bhd and MMC Gamuda KVMRT (PDP SSP) Sdn Bhd today.

This process has yielded savings of RM8.82 billion or 22.4% from the project's original cost.

"The savings will not be immediate, it is spread over 20 years, so in the next 20 years the government can focus other infrastructure projects," said Lim.

MMC Gamuda KVMRT, the construction partner for the project, is a joint venture between MMC Corp Bhd and Gamuda Bhd.

Click here for more property stories.

Never miss out

Sign up to get breaking news, unique insights, event invites and more from EdgeProp.

Latest publications

Never miss out

Sign up to get breaking news, unique insights, event invites and more from EdgeProp.

CLOSEclear

Malaysia's Most
Loved Property App

The only property app you need. More than 200,000 sale/rent listings and daily property news.

App StoreGoogle Play
Mobile logo