News about transit

KUALA LUMPUR (July 26): Prasarana Malaysia Bhd president and group chief executive officer (CEO) Masnizam Hisham (pictured) may see her three-year tenure cut short as she is said to be leaving the company amid criticism from lawmakers that it had caused the cost of the light rail transit line 3 (LRT3) project to balloon.

KUALA LUMPUR (July 20): Former Prime Minister Datuk Seri Najib Razak (pictured) is well aware that the actual cost to build the 37km Light Rail Transit Line 3 (LRT3) is RM32 billion as he had been present at relevant meetings to discuss the project, Finance Minister Lim Guan Eng reiterated today.

KUALA LUMPUR (July 18): Damansara MP Tony Pua (pictured) said today that the Pakatan Harapan administration has no intention of hiding the true cost of Malaysia's proposed Light Rail Transit Line 3 (LRT3) project, when the total cost of the project was renegotiated down to RM16.

George Kent (Malaysia) Bhd (July 13, RM1.

KUALA LUMPUR (July 16): Prasarana Malaysia Bhd, which has been blamed by the finance ministry (MoF) recently for poor management which resulted in a jump in the Light Rail Transit 3 (LRT3) project cost, said it had known the initial projected RM10 billion cost for the project was “inadequate”.

PETALING JAYA (July 13): While the government’s decision to drop six stations from the LRT3 may have caused a stir among the public, property consultants reckon the effects of the move is not significant and prices of properties along the scrapped stations will not tumble.

KUALA LUMPUR (July 13): CIMB IB Research has maintained its “Underweight” rating on the construction sector after the Ministry of Finance (MOF) allowed the LRT 3 project to proceed but at a lower all-in cost of RM16.

KUALA LUMPUR (July 13): Shares in George Kent (Malaysia) Bhd and Malaysian Resources Corp Bhd (MRCB) rallied yesterday after Finance Minister Lim Guan Eng announced that the cabinet had approved the continuation of the light rail transit Line 3 (LRT3) project at a final cost of RM16.

KUALA LUMPUR (July 12): There were loads of gnashing of teeth as different parties bandied about how much can be slashed from the bill to build the light rail transit 3 (LRT 3) project.

PETALING JAYA (Jul 11): The analysis to reduce the cost of construction for the MRT Sungai Buloh-Serdang-Putrajaya Line (MRT2) is still ongoing, and Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) said it might “take some time” for it to finalise the study.