News About Prasarana

Prasarana to work closely with MoF, PDP in LRT3 cost reduction

Jul 11

KUALA LUMPUR (July 11): Prasarana Malaysia Bhd said today it will work closely with the Ministry of Finance and both its Project Delivery Partners to bring down the total cost of the light rail transit line (LRT3) project.

Finance minister: Prasarana has to slash more than RM6b for LRT3

Jul 10

KUALA LUMPUR (July 10): The Ministry of Finance will not provide additional funding for the Light Rait Transit 3 (LRT3) project unless cost “is significantly rationalised without compromising on the integrity of the rail network as well as the safety and the quality of service provided,” finance minister Lim Guan Eng (pictured) said in a press release today.

Reverting to original LRT 3 design can cut costs by RM6bn

Jul 10

PETALING JAYA (July 10): Almost RM6 billion can be shaved from the cost of the light rail transit line 3 (LRT 3) project if it follows its original design, reported The Star citing sources.

MRCB believed to discuss LRT3 with Prasarana, George Kent

Jul 10

Malaysian Resources Corp Bhd (July 9, 60 sen) Maintain buy with an unchanged target price (TP) of RM1.

JB-Singapore link project misses deadline, says republic’s transport minister

Jul 09

KUALA LUMPUR (July 9): The deadline for Prasarana Malaysia Bhd and Singapore’s SMRT Corp Ltd to create a joint-venture company to operate the Johor Bahru-Singapore Rapid Transit System (RTS) Link has been missed, Singapore’s transport minister Khaw Boon Wan has been reported as saying.

MRCB not affected if Prasarana fails to secure additional RM10b funding to complete LRT3, says UOB KayHian

Jul 09

KUALA LUMPUR (July 9): UOB Kay Hian Securities (M) Sdn Bhd believes Malaysian Resources Corp Bhd (MRCB) would not be affected if Prasarana Malaysia Bhd is unable to raise additional funds to complete the construction of the third light rail transit (LRT3), which has reached 10% to-date.

JB-S’pore MRT line to proceed but subject to costs review

May 31

PUTRAJAYA (May 31): The government is committed to the Johor Bahru-Singapore mass rapid transit (MRT) project, but will review its costs and terms and conditions, said Transport Minister Anthony Loke.

Prasarana’s ex-CEO takes helm of YTL THP JV

May 03

KUALA LUMPUR (May 3): YTL THP JV Sdn Bhd, a joint venture between Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd and TH Properties Sdn Bhd, has appointed former Prasarana Malaysia Bhd president and chief executive officer (CEO) Datuk Seri Azmi Abdul Aziz (pictured) as the company’s CEO.

Bina Puri and Titijaya re-enter JV to develop Brickfields land

Mar 22

KUALA LUMPUR (March 22): Bina Puri Holdings Bhd and Titijaya Land Bhd have entered into a new joint venture to develop a residential and commercial project on an 11.