PUTRAJAYA: A Finance Ministry Incorporated (Mentri Kewangan Diperbadankan, MKD) company, MRT Co, was approved Thursday by the Cabinet as the project and asset owner of the Klang Valley MY Rapid Transit (KVMRT) project.
MRT Co will assume these roles from Syarikat Prasarana Negara Berhad (Prasarana) with effect from Sept 1, 2011. The Government is also expected to appoint a Malaysian citizen as the chief executive officer of MRT Co at a later date.
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