MRT Corp looking at ways to reduce RM32b Line 2 cost, says CEO
Shahril confirmed that MRT Corp has shelved the third mass rapid transit line, which analysts have estimated to cost up to RM40 billion.
Shahril confirmed that MRT Corp has shelved the third mass rapid transit line, which analysts have estimated to cost up to RM40 billion.
"There are more tunnels and elevation in the ECRL as compared to other rail lines, due to land structure challenges."
The upcoming 350km high speed rail is a mammoth development project, which will cut the travelling time between Kuala Lumpur and Singapore to 90 minutes.
“The market is there provided (the project) is in the right location with strong value proposition."
The rights issue has nothing to do with Bandar Malaysia.
The purchase will enable it to construct and possess its own corporate office building, and allow it to consolidate its existing operations located in Bayan Baru and Batu Maung under one roof to improve and enhance operational efficiencies.
According to Affin Bank managing director and chief executive officer Kamarul Ariffin Mohd Jamil, the purchase price of RM255 million means that the price per gross floor area would be RM309.67 per sq ft, while the plot ratio will be 15.2 times