KUALA LUMPUR – The Finance Ministry (MoF), Transport Ministry (MoT), and relevant agencies are expected to hold a series of meetings next week to discuss funding models for Penang’s light-rail transit (LRT) project, said the transport minister.
Speaking to reporters on the sidelines of the third Maritime Law and Business Conference today, Anthony Loke said that MoF has called upon representatives from Mass Rapid Transit Corp Sdn Bhd (MRT Corp), MoT, and relevant agencies to discuss the matter.
Last week, Putrajaya announced additional funds to expedite the completion of the Penang LRT project to ease traffic congestion in the state.
The project is one of the main components of the Penang Transport Master Plan.
The Penang government plans for the LRT line to connect Bayan Lepas and Komtar.
Meanwhile, commenting on talks of a proposal to appoint Tg Piai MP Datuk Seri Wee Jeck Seng as the new chairman of Keretapi Tanah Melayu Bhd (KTMB), Loke emphasised that the power to appoint the KTMB chairman lies under the jurisdiction of MoF.
“I have not received any information (regarding the appointment). KTMB is under MoF, so any proposals will be brought to that ministry, and so far I have yet to receive any information on any proposals,” he said.
The two-day Maritime Law and Business Conference 2023, themed “Refuelling the Future – Sustainability and Growth in the Post-Covid Era,” is organised by the International Malaysian Society of Maritime Law. – Bernama, May 12, 2023
