PETALING JAYA: A review of the Mass Rapid Transit Line 3 (MRT3) or MRT Circle Line project, which was suspended earlier, is under way and various new funding options, including possibly getting real estate developers and owners to partially fund the project may be explored.
Experts said several models including that of Singapore and Hong Kong’s “Rail plus Property” are being studied to see how the private sector can participate to partly fund the development as the government was not in a position to fully fund MRT3’s development.Consultants have been appointed to find a suitable model and a decision on MRT3 will be made middle of next year.
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