Malaysia

MRT3 now costs RM50.2 bil: Finance Ministry

Current price tag almost RM20 bil higher than previously reported

Updated 3 years ago · Published on 02 Aug 2022 1:38PM

MRT3 now costs RM50.2 bil: Finance Ministry
The 51km line with 31 stations will cost RM34.3 billion for construction, RM8.4 billion for land acquisition, RM5.6 billion for project management, and RM1.9 billion to cover ‘other costs’, according to the Finance Ministry in its breakdown. – The Vibes file pic, August 2, 2022

KUALA LUMPUR – The Mass Rapid Transit 3 (MRT3) project is now estimated to cost RM50.2 billion, the Finance Ministry said in a parliamentary written reply.

In March, the project’s cost was reported to be around RM31 billion, according to Transport Minister Wee Ka Siong and MRT Corp chief executive officer Datuk Mohd Zarif Hashim.

The ministry gave the figure in reply to Fahmi Fadzil (Lembah Pantai-PH) who asked for a detailed cost breakdown of the project.

The 51km line with 31 stations will cost RM34.3 billion for construction, RM8.4 billion for land acquisition, RM5.6 billion for project management, and RM1.9 billion to cover “other costs”, the ministry said in its breakdown.

“However, the total cost of the project will be finalised after the process of open tender is completed,” it added.

Of its 31 stations, ten will be interchange stations with other existing mass transit rail lines in the Klang Valley. – The Vibes, August 2, 2022

Related News

Malaysia / 1y

Govt exempts MSMEs earning below RM150,000 annually from e-invoicing

Malaysia / 2y

Spanco chairman pleads not guilty to charge of cheating Finance Ministry

Malaysia / 2y

Anwar won’t host Hari Raya open house to save money

Business / 2y

Tabung Haji to begin talks with MoF on return of assets

Business / 2y

Plantation ministry to moot replanting grants to MoF: Fadillah

Malaysia / 2y

RM100 e-cash to be rolled out fourth quarter this year: MoF

Spotlight

Malaysia

Bersatu-PH tie-up a possibility as coalition seeks Malay support, analyst says

By Alfian Z.M. Tahir

Malaysia

Woman molested on her way home from work (video)

Malaysia

Court allows Daim's daughter to permanently keep passport

Malaysia

Santiago pokes holes in data centre hype, asks: Who really benefits?

By Alfian Z.M. Tahir

Malaysia

Jeweller vows to pursue Rosmah until ‘every penny’ is recovered as RM67.5m battle enters enforcement phase

Malaysia

Ambulance carrying two injured men crashes en route to hospital after MPV collision in Besut

Malaysia

Man blames 'lack of love' for sexual assault on teens

Business

BNM's OPR to stay at 2.75 pcent in 2026 amid strong domestic demand - Kenanga IB

Malaysia

Missing jewellery: Rosmah ordered to pay RM67.5 million

You may be interested

Malaysia

Three men denied bail in child sexual assault abuse scandal

Malaysia

EC cites logistical constraints, lack of operational readiness for separate Johor and NS polls

Malaysia

Tuanku Muhriz is still the legitimate Yang di-Pertuan Besar of Negeri Sembilan - KJ

Malaysia

Johor polls: UMNO asserts independence from federal Unity Government agreement

Malaysia

Man charged with murder after body found wrapped in mattress in Melaka shophouse

Malaysia

Zero tolerance for corruption as JPJ faces fresh bribery allegations - Minister warns

Malaysia

E-hailing driver injured after alleged assault by three passengers in Skudai

By Alfian Z.M. Tahir

Malaysia

Hamzah Zainudin set to make announcement at “Malaysia Reset” convention in Kelantan