Future connectivity: An artist’s impression of the Mutiara LRT Line project in Penang. — CHAN BOON KAI/The Star
GEORGE TOWN: MRT Corp is aiming to cap the cost of the Mutiara Light Rail Transit (LRT) Line at RM16bil despite mounting construction expenses and rising inflation.
Its chief executive officer Datuk Mohd Zarif Mohd Hashim said the corporation must take into account nine years of inflation and the economic impact of the Covid-19 pandemic, which caused prices to surge across multiple sectors.
