US EditionMRT Corp Clarifies RM16.8bil Penang LRT Budget: No Cost Overruns
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6 Articles
MRT Corp clarifies RM16.8bil Penang LRT budget: No cost overruns
GEORGE TOWN: MRT Corp today addressed recent reports on the budget ceiling for the Penang Mutiara Line light rail transit (LRT) project, stating that the RM16.8 billion figure reflects the expanded project scope and prevailing market conditions, not cost overruns. © New Straits Times Press (M) Bhd
Revised RM16.8bil ceiling for LRT Mutiara Line reflects market conditions, not cost escalation, MRT Corp clarifies
KUALA LUMPUR: MRT Corp clarified on Thursday (Aug 21) that the budget ceiling for the LRT Mutiara Line project has been set at RM16.8bil, stressing that the figure reflects current market conditions and not uncontrolled cost escalation.
GEORGE TOWN – The new ceiling of RM16.8 billion set for the Mutiara Line light rail transit (LRT) project is due to current market conditions including land acquisition costs. Chief Minister, Y.A.B. Tuan Chow Kon Yeow said that the new ceiling was also set after taking into account the increased scope of the project as well as the Mutiara Line LRT line connecting up to...
Penang LRT Mutiara Line - revised RM16.8b budget ceiling due to market, not cost escalation: MRT Corp
The budget ceiling for the LRT Mutiara Line LRT project in Penang has been revised to RM16.8 billion due to current market conditions, and not because of uncontrolled cost escalation, stated MRT Corp, reported The Star. The Penang LRT Bayan Lepas project was originally estimated in 2016 to cost RM10 billion, based on the projected alignment from Silicon Island to Komtar, MRT Corp CEO Datuk Mohd Zarif Hashim previously said. “When the Federal Gov…
MRT Corp: Penang LRT budget raised to RM16.8b due to land costs, inflation and extended route to Seberang Perai - Malaysia now
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