PDP for LRT 3 to get 6% of project cost as fees

  • Business
  • Wednesday, 13 May 2015

People alighting an LRT train in Kuala Lumpur. The proposed LRT 3 alignment plan, will be put on a three-month public display for feedback.

KUALA LUMPUR: The project delivery partner (PDP) for the estimated RM9bil light rail transit line three (LRT 3) project, which is expected to be announced in July, stand to earn 6% of total cost as management fees, going by the rate charged by the PDP of the mass rapid transport (MRT) project.

This is the first time a PDP will be named for work on the LRT project.

“So far, we have seven parties that have collected the tender documents to be re-submitted by early June. Come July, we should award the PDP for LRT 3,” Prasarana Malaysia Bhd group managing director Azmi Abdul Aziz said.

“It’s premature to name the companies now as it will be clearer when they have actually submitted,” he told reporters after a briefing on the proposed LRT 3 alignment plan, running from Bandar Utama to Klang.

The alignment plan will be put on a three-month public display for feedback.

“Development contracts for the third line should start flowing from year-end onwards, with completion date set to be on the historic August 31, 2020,” he said.

Prior news report had only named six interested contenders that were mainly joint ventures speculated to be eyeing the urban rail job. The additional one, according to sources, could be among other usual suspects equipped with industry expertise and capabilities such as IJM Corp Bhd and Ahmad Zaki Resources Bhd.

The previously speculated joint ventures and individual companies were between Gamuda Bhd and MMC Corp Bhd, Malaysian Resources Corp Bhd and George Kent (M) Bhd, UEM Group Bhd, Naza Group and China-based partner CSR Zhuzhou Electric Locomotive Co Ltd, Sunway Bhd as well as WCT Bhd and AlloyMtd group.

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Business , PDP , LRT 3


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