PETALING JAYA: MRCB George Kent Sdn Bhd (MRCBGK) has clarified that Prasarana Malaysia Bhd’s payments on Oct 2,2020 were only for construction works done up to June 2020.
The joint venture company between Malaysian Resources Corp Bhd (MRCB) and George Kent (M) Bhd said Prasarana’s delayed payments of more than RM700mil were from July to October 2020, which have been certified for payment by KL Prima Consult Sdn Bhd, Prasarana’s appointed independent consultant.
The certified payment amount was RM723.89mil as of October last year while November’s payment is still pending certification.
MRCBGK said in a statement that it has advanced more than RM200mil to sustain the Light Rail Transit 3 (LRT3) project and both MRCB and George Kent have given a corporate guarantee to Prasarana Malaysia and issued a paid-up capital of RM5mil.
“We wish to point out that the LRT3 Work Package Contractors’ (WPC) contracts were awarded by Prasarana Malaysia via an open tender process in 2016.
“The successful bidders, including bumiputra contractors, were novated to MRCB George Kent as WPC in 2019.
“We have treated our WPC fairly by applying the contract rates as stipulated in the original contract with Prasarana Malaysia, ” MRCBGK said, adding that it also exceeded the minimum 30% bumiputra quota by having 39.7% bumiputra contractors in the LRT3 project.
The breakdown of the contracts are 52% local, 40% bumiputra and 8% foreign.
The LRT3 project’s overall line wide progress was 45.8% on Dec 31,2020.
The project hires 21 main contractors and consultants and 10,000 employees.
MRCBGK said it would continue to work with Prasarana Malaysia in a professional way to resolve all matters to ensure smooth delivery of the project.
The company was appointed on Sept 4,2015 as the project delivery partner of the LRT3.