Review of MRT3 under way

MRT Anthony Loke

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.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 0
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business News

Wall St set for lower open as bank contagion worries flare up
Deutsche Bank, UBS hit as bank fears spark stress signals
Konsortium Transnasional bags RM153.09mil PR1MA contract
Ringgit snaps 4-day gain streak to end lower versus US dollar
Salcon unit Nusantara Megajuta and Exsim Kebun Teh in JV land development
Axiata names Vivek Sood as CEO
MAHB records higher passenger movements in February despite shorter month
Sunway Healthcare establishes Sustainability Financing Framework
FBM KLCI tumbles 11.28 points to end below 1,400-level
Oil falls as US holds off refilling strategic reserve

Others Also Read