KUALA LUMPUR (July 16): The Ministry of Transport (MoT) today sought to alleviate concerns over the "rigorous cost rationalisation" of the Light Rail Transit Line 3 (LRT3) project, saying the move would lead to higher operational viability and lower ticket fares.
KUALA LUMPUR (July 16): Prasarana Malaysia Bhd, which has been blamed by the finance ministry (MoF) recently for poor management which resulted in a jump in the Light Rail Transit 3 (LRT3) project cost, said it had known the initial projected RM10 billion cost for the project was “inadequate”.
PETALING JAYA (July 13): While the government’s decision to drop six stations from the LRT3 may have caused a stir among the public, property consultants reckon the effects of the move is not significant and prices of properties along the scrapped stations will not tumble.
KUALA LUMPUR (July 13): Shares of Malaysian Resources Corp Bhd (MRCB) and George Kent (M) Bhd were among the most active counters in the morning trade today, as the Pakatan Harapan led-government gave the green light to carry on the light rail transit 3 (LRT3) project yesterday.
KUALA LUMPUR (July 13): CIMB IB Research has maintained its “Underweight” rating on the construction sector after the Ministry of Finance (MOF) allowed the LRT 3 project to proceed but at a lower all-in cost of RM16.
KUALA LUMPUR (July 13): Shares in George Kent (Malaysia) Bhd and Malaysian Resources Corp Bhd (MRCB) rallied yesterday after Finance Minister Lim Guan Eng announced that the cabinet had approved the continuation of the light rail transit Line 3 (LRT3) project at a final cost of RM16.
KUALA LUMPUR (July 12): There were loads of gnashing of teeth as different parties bandied about how much can be slashed from the bill to build the light rail transit 3 (LRT 3) project.
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