From left: CEO of Prasarana and Infrastructure Project Sdn Bhd Datuk Zohari Sulaiman; MRCB group MD Tan Sri Mohamad Salim Fateh Din; Prasarana Malaysia Bhd chairman Tan Sri Ismail Adam; Prasarana Malaysia Bhd president and CEO Datuk Azmi Abdul Aziz and George Kent director Datuk Paduka Prof Ir. Keizrul Abdullah.
KUALA LUMPUR: Prasarana Malaysia Bhd has picked Malaysian Resources Corporation Bhd
and George Kent (M) Bhd as the project delivery partner (PDP) for the light rail transit three, which is estimated to cost RM9bil.
Prasarana Malaysia said on Friday the new LRT 3 line will link Bandar Utama to Shah Alam and Klang and it is expected to be completed by Aug 31, 2020.
The group said the RM9bil excludes the land acquisition costs.
Funds for the project would be financed via the issuance of Sukuk, of which the coupon rate will be decided later. Local institutions have shown interest on the financing for the project through its sukuk issuance.
Those present at the handover of the award were CEO of Prasarana and Infrastructure Project Sdn Bhd Datuk Zohari Sulaiman; MRCB group MD Tan Sri Mohamad Salim Fateh Din; Prasarana Malaysia Bhd chairman Tan Sri Ismail Adam; Prasarana Malaysia Bhd president and CEO Datuk Azmi Abdul Aziz and George Kent director Datuk Paduka Prof Ir. Keizrul Abdullah.
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