News about mrt3

Loke said the supplementary concession agreement is seen as a win-win situation between ERL and users, where the best service can be provided by ERL without burdening the operation in terms of costs.

This is based on IJM's 60% share in the project amounting to RM106 million that its subsidiary IJM Construction Sdn Bhd (IJMC) is undertaking with Pestech International Bhd's unit Pestech Technology Sdn Bhd, which has the remaining 40% share.

The group’s 51%-owned indirect unit Spring Energy Sdn Bhd accepted the subcontract from CCC-ECRL on Wednesday for the construction and completion of subgrade works, Section 8 from CH518+388.

MAHB said it has entered into an agreement with Alstom and the IJMC-Pestech joint venture (JV) to steer the aerotrain replacement project back on track.

“If the response is positive, we will move on to the second phase with the Request for Proposal (RFP) stage to obtain detailed proposals from the selected consortia.

Maybank Investment Bank (Maybank IB) head of equity research Wong Chew Hann: In the private sector, you go into business because you want to make money.

In a report on Friday, Japanese agency Kyodo News, citing sources, said the companies, including East Japan Railway Co, had hoped to utilise Japan's Shinkansen bullet train system in the project but they have decided it will be too risky without the Malaysian government's financial support.

This surpassed the pre-Covid peak of 790,000 passengers a day, according to Transport Minister Anthony Loke Siew Fook.

Transport Minister Anthony Loke Siew Fook: The monitoring process has to be better.

"For every person who uses the My50 travel pass, you are actually receiving RM100 in subsidies from the government, but the public may not be aware, as they believe it is just RM50.