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 / 2y

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 / 3y

Tabung Haji to begin talks with MoF on return of assets

Business / 3y

Plantation ministry to moot replanting grants to MoF: Fadillah

Malaysia / 3y

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

Spotlight

Malaysia

Five fatal helicopter crash victims honoured in Sarawak state awards

Malaysia

No Malaysian is left behind; Budget 2027 puts people first - Anwar  

Malaysia

Panama hit by 6.4-magnitude earthquake

Malaysia

Haze blankets 33 areas with unhealthy air

Malaysia

Malaysia’s 2027 Budget is a steady one: people-oriented continuity rather than bold reform

Malaysia

Budget 2027: What is in it for me?

Malaysia

Budget 2027 steps up Sabah, Sarawak funding by RM2.2b amid push for development parity

Malaysia

Budget 2027: Maternity leave entitlement increased, minimum pension raised to RM1,350

You may be interested

Malaysia

Sarawak says 13 MA63 demands resolved as talks with Putrajaya continue

Malaysia

Budget 2027: Automatic EPF registration as early as age 18

Malaysia

Man loses RM12.47 million; cryptocurrency assets vanish

Malaysia

Claims of a no-confidence vote against Negeri MB not true - Jalaluddin

Malaysia

Budget 2027: Most reform-minded budget in history, says Guan Eng

By Ian McIntyre

Malaysia

Budget 2027: School aid increased to RM200, PTPTN repayments deferred for low-income borrowers

Malaysia

Budget 2027: RM22 billion allocated for security, defence

Malaysia

MCMC probes Facebook post suspected of insulting Islam