How much was saved on the LRT3 project through renegotiations?

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RM15 Billion Saved Through LRT3 Project Renegotiations

Renegotiations for the Light Rail Transit Line 3 (LRT3) project have resulted in significant cost savings, reducing the overall expenditure to RM16.6 billion from an initial projection of RM31.6 billion. This substantial reduction underscores the government's strategy to pursue infrastructure development prudently.
Reduced Project Expenditure

The LRT3 project's total cost was successfully renegotiated down to RM16.6 billion. This figure represents a considerable decrease from the originally projected RM31.6 billion.
Government's Approach to Infrastructure

The Pakatan Harapan government has maintained its commitment to essential infrastructure projects, including rail-based public transport like the LRT3 and MRT2. The focus remains on continuing these projects without unnecessary or overly expensive scopes, ensuring they are undertaken at a reasonable cost.
Savings from Renegotiations

The renegotiation process for the LRT3 project specifically yielded savings that brought the total cost down significantly. This approach aims to maximise the value generated from taxpayer funds.
Cancellation of Dubious Projects

In parallel with continuing essential projects, the government has also cancelled undertakings deemed dubious or wasteful. Projects such as the Multi-Product Pipeline and Trans-Sabah Pipeline, which had significant upfront payments with minimal work completed, were terminated due to questionable payment structures.

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How much was saved on the LRT3 project through renegotiations?

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