Revised RM16.8bil ceiling for LRT Mutiara Line reflects market conditions, not cost escalation, MRT Corp clarifies

KUALA LUMPUR: MRT Corp clarified on Thursday (Aug 21) that the budget ceiling for the LRT Mutiara Line project has been set at RM16.8bil, stressing that the figure reflects current market conditions and not uncontrolled cost escalation.

The company said the original estimate for the Penang LRT Bayan Lepas Project in 2016 was RM10bil, based on an alignment from Silicon Island to Komtar.