PETALING JAYA: Malaysian Resources Corp Bhd (MRCB), via unit Setia Utama LRT 3 Sdn Bhd (SULRT3), has secured a RM2.47bil contract for the LRT3 project.
In a filing with Bursa Malaysia, MRCB said the contract was awarded by Prasarana Malaysia Bhd and will comprise the proposed design, construction, completion, testing and commissioning of the reinstatement works of LRT3 from Bandar Utama to Johan Setia.
“The scope of the works includes the construction of five reinstated stations, the construction of two electric vehicle bus depots at Shah Alam and Johan Setia, supply of light rail vehicles, construction of other related infrastructure work and system works, to be completed in 48 months from the commencement date.
“The project will contribute positively to the future earnings of the MRCB Group.”
MRCB said the project will be exposed to the normal construction risks of materials price fluctuations.
“With its past experience and expertise, SULRT3 is well placed to mitigate these risks through its existing controls, measures and operational procedures.”
