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KUALA LUMPUR (September 17): The Light Rail Transit 3 (LRT3) project is expected to continue in November, after contractors agreed to lower project costs.
Citing sources, StarBiz reported that the LRT3 project delivery partner will be the Malaysian Resources Corp Bhd-George Kent Bhd (MRCB-GK) joint venture.
The Finance Ministry, on July 11 approved the continuation of the project with the total cost that was reduced to RM16.63 billion, from RM31.65 billion initially.
MRCB asked LRT3 project contractors to provide lower estimated costs, and a quoted source said: “Contractors have agreed to the new revised cost.”
In recent months, it was reported that work on the LRT3 had slowed. Prasarana, contractors and MRCB-GK had yet to sign upon the new design and contracts.
According to the cited sources, the project’s altered design and contracts will be finalised by the end of October. Works will resume in November.
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