KUALA LUMPUR (June 22): Mass Rapid Transit Corp Sdn Bhd (MRT Corp) is looking at various ways to reduce the cost of the second line (Line 2), which currently stands at around RM32 billion, said its chief executive officer Datuk Seri Shahril Mokhtar.
KUALA LUMPUR (June 1): Mass Rapid Transit Corp Sdn Bhd (MRT Corp) accepts the Pakatan Harapan government’s decision to cancel the MRT Line 3 project, but hopes it will be revived once the country’s finances improve.
KUALA LUMPUR (March 1): Mass Rapid Transit Corp Sdn Bhd (MRT Corp) says the refurbishing of its tunnel boring machines (TBMs) has saved up to RM400 million or 15% from what it would cost to purchase new machines for the MRT Sungai Buloh-Serdang-Putrajaya line (MRT Line 2).
KUALA LUMPUR (Feb 9): Prasarana Malaysia Bhd and Singapore's SMRT Corp Ltd will form a joint venture (JV) company to operate the Johor Bahru-Singapore Rapid Transit System Link (RTS Link).
KUALA LUMPUR (Jan 19): Three Malaysian consortiums and one Chinese consortium have submitted their turnkey tenders with financing for the MRT Circle Line or MRT Line 3, said Mass Rapid Transit Corp Sdn Bhd (MRT Corp).
KUALA LUMPUR (Nov 13): Mass Rapid Transit Corp Sdn Bhd (MRT Corp) expects to kick off construction of the third mass rapid transit line (Line 3) — estimated by analysts to cost around RM40 billion — by as early as the third quarter of year 2019, according to its chief executive officer Datuk Seri Shahril Mokhtar.
KUALA LUMPUR (Nov 13): Malaysia's planned Klang Valley Mass Rapid Transit Line 3's (MRT3) actual project cost is more important than its financing expenses because a more expensive project with cheaper financing will still cost more for the government to build.
KUALA LUMPUR (Nov 10): Financing is the key consideration for the Mass Rapid Transit Corp Sdn Bhd concerning the construction of the mass rail transit line 3 (MRT3), where the criteria for its lead contractor have been said to be out of reach of local players.