MRCB George Kent Sdn Bhd (MRCBGK) would like to clarify that Prasarana’s payments on October 2 were for construction work done ending June 2020.
Prasarana’s delayed payments of more than RM700 million were from July to October last year, which have been certified for payment by Prasarana’s appointed independent consultant KL Prima Consult Sdn Bhd.
As of October, the certified payment amount was RM723.89 million, while the November payment is still pending certification.
In the meantime, MRCBGK has advanced more than RM200 million to sustain the LRT3 project. Both MRCB and George Kent have given a corporate guarantee to Prasarana Malaysia and issued a paid-up capital of RM5 million each.
We wish to point out that the LRT3 Work Package Contractor (WPC) contracts were awarded by Prasarana Malaysia via an open tender process in 2016.
The successful bidders, including Bumiputera contractors, were novated to MRCBGK as WPC in 2019. We have treated our WPC fairly by applying contract rates as stipulated in the original contract with Prasarana Malaysia.
We have also exceeded the minimum 30% Bumiputera quota by having 39.7% Bumiputera contractors in the LRT3 project. The breakdown of our contractors is as follows: 52% local, 40% Bumiputera, and 8% foreign.
The LRT3 project’s overall linewide progress was 45.8% as of December 31. The project involves 21 main contractors and consultants, as well as 10,000 employees.
We will continue to work with Prasarana Malaysia in a professional way to resolve all matters to ensure smooth delivery of the project. – The Vibes, January 4, 2021
MRCB George Kent Joint Venture was appointed on September 4, 2015 as the project delivery partner of the LRT3
