How much did LRT3 cost after PH cut the revised budget?

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The LRT3 project's revised budget under the Pakatan Harapan administration was set at RM16.63 billion.

Following the Pakatan Harapan (PH) administration's review, the budget for the LRT3 project was significantly reduced. This revision resulted in a new project cost of RM16.63 billion, marking a substantial decrease from the previously proposed RM31.65 billion. This recalibration represented a 47% reduction in the project's overall expenditure.
Cost Rationalisation Measures Implemented

The PH administration, between 2018 and 2020, undertook a comprehensive cost-rationalisation exercise for the LRT3 project. This involved appointing independent engineering consultants to review the scheme and propose measures to reduce expenses. The project was approximately 9% complete when these reviews commenced.
Savings Achieved Through Budget Reduction

The revised budget of RM16.63 billion led to direct savings of RM15.02 billion compared to the RM31.65 billion figure that Prasarana had initially sought. This reduction was achieved through several strategic decisions, including decreasing the number of train sets ordered and deferring the construction of five stations that had initially low projected ridership.
Project Scope Adjustments and Reinstatements

To achieve cost savings, the PH administration initially deferred the construction of five stations and extended the project's completion timeline from 2020 to 2024. These deferred stations have since been reinstated as part of a second-phase contract, which also included additional trains and upgrades. This led to a total project cost of RM21.93 billion, which was still RM9.72 billion less than the original approved cost of RM31.65 billion.

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How much did LRT3 cost after PH cut the revised budget?

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