MRT and LRT projects to tighten margins due to fuel price rise


PETALING JAYA: Construction companies currently involved in two of the biggest public transportation infrastructure projects – the RM23bil Mass Rapid Transit (MRT) project and RM7bil Light Rail Transit (LRT) extension project – will have to work on tighter margins in light of the current fuel price rise.

MRT Corp CEO Datuk Azhar Abdul Hamid said the corporation was quite insulated contractually under which construction companies were expected to bear the cost.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , mrtco , datuk azhar abdul hamid , lrt

   

Next In Nation

Sabah Bersatu says no decision made on cooperation with any party for state polls
Acid attack: Police tracking those behind hate posts on social media, says Home Minister
Two-day jail, RM10,000 fine for lorry driver for bribing traffic cop
MACC arrests civil servant in Melaka over RM7,500 bribe
KKB polls: EC expecting at least 75% voter turnout
Visa-free travel to China for M'sians extended till end of 2025, says envoy
Fully integrated digitalised health record system vital as Malaysia's ageing population grows
One dead, another injured as tree falls in KL city centre
International religious leaders conference to be permanent feature in Malaysia, says Anwar
KKB Polls: Early voter turnout at 90% as at 1pm, says EC

Others Also Read