How much has the LRT3 project cost been reduced by?

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The LRT3 project cost has been reduced by RM15.02 billion.

The total cost of the Light Rail Transit 3 (LRT3) project has been significantly reduced from RM31.65 billion to RM16.63 billion. This substantial cost reduction was formally approved by the Cabinet on July 11. The project's delivery partner, the Malaysian Resources Corp Bhd-George Kent Bhd (MRCB-GK) joint venture, remains unchanged.
Revised Project Cost Approved

The Cabinet gave its approval for the continuation of the LRT3 project with a revised total cost of RM16.63 billion. This figure represents a decrease of RM15.02 billion from the initial estimated cost of RM31.65 billion. The decision to proceed with the project at this reduced expenditure was made on July 11.
Continued Role of Project Delivery Partner

The Malaysian Resources Corp Bhd-George Kent Bhd (MRCB-GK) joint venture will continue in its role as the project delivery partner for the LRT3. Despite the significant cost revisions and potential project adjustments, the partnership responsible for delivering the project remains in place. This continuity is crucial for the project's forward momentum.
Resumption of Work Expected

With contractors agreeing to the new, lower project costs, work on the LRT3 is anticipated to resume by November. Recent months have seen a slowdown in LRT3-related activities as Prasarana, contractors, and MRCB-GK worked towards finalising new designs and contracts reflecting the revised budget. The finalisation of these altered designs and contracts is expected before the end of October, paving the way for renewed construction efforts in November.

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How much has the LRT3 project cost been reduced by?

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