Gamuda in the running for second, third Penang LRT work packages, say analysts
Gamuda is on track to reach the RM40 billion to RM45 billion target by the end of 2025, the research house noted.
Gamuda is on track to reach the RM40 billion to RM45 billion target by the end of 2025, the research house noted.
Once the notice to proceed is issued, Gamuda will have six years to complete the contract.
In a tender notice on Monday, MRT Corp said it is seeking to appoint turnkey contractors for the engineering, procurement, construction, commissioning and maintenance of the Penang LRT project.
This is higher than the RM4.
The LRT system is part of the Penang Transport Master Plan (PTMP), which includes an integrated network of transportation solutions.
SRS Consortium is being offered the contracts on the so-called single sourcing request-for-proposal mechanism, Transport Minister Anthony Loke Siew Fook said in a statement.
Regarding the Johor Bahru-Singapore Rapid Transit System (RTS) Link project, Loke announced that infrastructure work in Malaysia had reached 65% as of the end of December last year, while system work was 33.
With the expansion of the Klang Valley Integrated Transit System, savvy property buyers are securing homes near train stations to take advantage of the current and future rail connectivity.
Transport Minister Anthony Loke stated that this includes the construction of five new stations, the acquisition of three sets of three-car trains to maintain service intervals, upgrading of the train depot, as well as other expenses involving independent checking engineers, project management and legal fees.
Bukit Bintang Member of Parliament Fong Kui Lun pointed out that the Penang LRT project, spanning 23 stations, is estimated to cost RM10 billion, while the five revived stations under LRT3 will cost RM4.