Penang Mutiara Line enters next phase with RM3.03 bil systems contract
PETALING JAYA (Aug 6): The Penang Mutiara Line has entered its next phase with the award of a RM3.
PETALING JAYA (Aug 6): The Penang Mutiara Line has entered its next phase with the award of a RM3.
PETALING JAYA (June 15): Malaysia Rapid Transit Corp Sdn Bhd (MRT Corp) and IJM Land Bhd have unveiled The Linque, a transit-oriented development (TOD) with an estimated gross development value of around RM600 million directly integrated with Cochrane MRT Station, marking MRT Corp's first TOD initiative in the Klang Valley.
Designated as Package CMC2, the tender is open to Malaysian contractors as well as foreign contractors, which must form a joint venture or consortium with Malaysian contractors holding at least 50% equity.
It dismissed claims that the revised ceiling does not reflect “uncontrolled cost escalation” but adjustments to market realities since the project was first mooted nearly a decade ago.
"MRT Corp will be reaching out to the affected communities and updating them on the improvements made in their respective areas.
Public viewing of the latest changes to the MRT3 project is expected to run for three months until Dec 2.
MRT1, also known as the Kajang Line, saw the average daily passenger rate range from 10.
MRT Corp reported that the maintenance depot in Wadi Hana, Johor Bahru — a main railway infrastructure component — has achieved a progress rate of 82.
“This TOD will bring about great change to Johor Bahru's property market, not only in terms of the train station but also residential houses, retail offices and hotels.
Tan Sri Bashir Ahmad Abdul Majid fills the seat that was left vacant by Datuk Wira Azhar Abdul Hamid, who had resigned as chairman and director on March 7, 2022.