Cabinet to deliberate on MRT2 underground deal

  KUALA LUMPUR (Oct 18): Finance Minister Lim Guan Eng said yesterday he will bring up the matter of the termination of MMC-Gamuda KVMRT (T) Sdn Bhd’s contract to build the underground portion of the mass rapid transit Line 2 (MRT2) for further deliberations at the next cabinet meeting.

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Defining the stakeholders in the MRT2 issue

Stocks in Bursa Malaysia have suffered one of the worst weeks in years, and in Tong's Value Investing Portfolios column in The Edge, it is theorized that Bursa was likely affected by news of the planned retender of the contract for the Mass Rapid TRansit (MRT2) underground tunnel.

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An Open Letter to MMC-Gamuda

Dear Directors of MMC-Gamuda, Let me applaud you for putting up a great show since the Minister of Finance, Lim Guan Eng announced the Cabinet decision to (i) accept the offer from MMC-Gamuda to reduce the cost of the MRT2 Above Ground works by RM5.

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