PDP to bear MRT cost overruns of over 15%

PETALING JAYA: The project delivery partner (PDP) of the Klang Valley My Rapid Transit (MRT) will bear cost overruns of the project that exceed 15%. But the project’s PDP, which consists of Gamuda Bhd and MMC Corp Bhd, is confident that the Klang Valley MRT will be an efficiently-run project and that the cost overruns will not exceed the 15% cap.

“Currently there are some 90 packages of jobs up for grabs and the biggest packages will be awarded over the next six months. To ensure there are no delays and that we can finish on time, we need to give out all the large contracts soon. We aim to complete all elevated works by December 2016, and for the Klang Valley MRT to be fully operational by July 2017,” Gamuda group managing director Datuk Lin Yun Ling told StarBiz in an interview.