Part of LRT3 contract price revised to RM536.8m

To recap, TRC had on Aug 29,2017 accepted the award from Prasarana for package TD2 for a contract sum of RM760.55mil (inclusive of 6% GST).

KUALA LUMPUR: The contract price for part of the remodelled Light Rail Transit Line 3 (LRT 3) has been revised to RM536.80mil compared with the earlier price tag of RM760.55mil, according to TRC Synergy Bhd.

It announced to Bursa Malaysia on Friday the revised price was agreed between its unit Trans Resources Corporation Sdn Bhd and the joint venture of MRCB and George Kent (MGK).

The companies had signed a supplemental agreement for package TD2, involving the construction of the Johan Setia depot (phase two) and associated works for the line from Bandar Utama to Johan Setia.

TRC said pursuant to the remodelled LRT 3 project, MGK was now the main contractor appointed by Prasarana Malaysia Bhd.

“The revised completion date for the project will be November 2023, ” TRC said.

To recap, TRC had on Aug 29,2017 accepted the award from Prasarana for package TD2 for a contract sum of RM760.55mil (inclusive of 6% GST).

However, when the Pakatan Harapan government came to power in May 2018, it had revised the LRT 3 project due to lack of funds.