KUALA LUMPUR – Mudajaya Group Bhd’s wholly owned subsidiary, Mudajaya Corp Bhd, has executed an article of agreement with MRCB George Kent Sdn Bhd (MRCBGK) following the latter’s appointment as the turnkey contractor for the Light Rail Transit Line 3 (LRT3) project.
In a filing with Bursa Malaysia today, Mudajaya said the project includes works for the construction and completion of the LRT3 section from Bandar Utama, Petaling Jaya, to Johan Setia, Klang.
“The revision of the project comprises changes to the design and scope of LRT3, where a new revised contract price was agreed at RM655 million.”
It noted that the completion date for the LRT3 project has been pushed to November 30, 2023 from the initial deadline of last month.
The article of agreement is pursuant to a novation agreement initiated between Mudajaya and MRCBGK on February 22, 2019.
It states that all rights, interests, benefits, obligations, duties and liabilities of urban rail developer Prasarana Malaysia Bhd under the LRT3 project shall be transferred and conveyed absolutely from Prasarana to MRCBGK. – Bernama, March 26, 2021
