What role will MRT Corp play in the LRT funding discussions?

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MRT Corp to Participate in Penang LRT Funding Discussions

Representatives from Mass Rapid Transit Corp Sdn Bhd (MRT Corp) are scheduled to attend upcoming meetings to discuss funding models for the Penang Light Rail Transit (LRT) project. These discussions have been initiated by the Ministry of Finance (MoF), which has formally requested the participation of MRT Corp, alongside the Ministry of Transport (MoT) and other relevant agencies.
Scheduled Meetings to Address Funding

The Ministry of Finance has called for a series of meetings to deliberate on the financial strategies for the Penang LRT project. These sessions will involve key stakeholders, including representatives from the Mass Rapid Transit Corp Sdn Bhd. The objective is to explore and finalise the most suitable funding models to advance the project.
Collaboration Between Ministries and Agencies

The discussions underscore a collaborative effort between various government bodies. The Ministry of Finance is spearheading these talks, with the Ministry of Transport and other pertinent agencies also set to participate. The presence of MRT Corp signifies its integral role in the planning and potential execution phases of such large-scale public transportation infrastructure.
Focus on Project Viability and Financial Structure

The primary agenda for these meetings will revolve around establishing a robust financial framework for the Penang LRT. This includes evaluating different funding avenues and ensuring the long-term financial viability of the project, which is a critical component of the broader Penang Transport Master Plan (PTMP).

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What role will MRT Corp play in the LRT funding discussions?

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