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KUALA LUMPUR: The project delivery partner (PDP) for the estimated RM9bil light rail transit line three (LRT 3) project, which is expected to be announced in July, stand to earn 6% of total cost as management fees, going by the rate charged by the PDP of the mass rapid transport (MRT) project.
PETALING JAYA: MMC Corp Bhd has confirmed that a joint venture in which the company is a partner has lost the contract as the project delivery partner (PDP) for the Pan Borneo Highway in Sabah.
PETALING JAYA: Shares in Malaysian Resources Corp Bhd (MRCB) and George Kent (M) Bhd (GKent) rose after Finance Minister Lim Guan Eng confirmed that they would remain as the project delivery partner (PDP) for the light rail transit three (LRT3) project.
PETALING JAYA: The project delivery partner (PDP) of the Klang Valley My Rapid Transit (MRT) will bear cost overruns of the project that exceed 15%. But the projects PDP, which consists of Gamuda Bhd and MMC Corp Bhd, is confident that the Klang Valley MRT will be an efficiently-run project and that the cost overruns will not exceed the 15% cap.
KUALA LUMPUR: Gamuda Bhd is teaming up with Malaysian Resources Corp Bhd (MRCB) to participate in the tender exercise for the appointment of project delivery partner (PDP) for the Kuala Lumpur-Singapore High Speed Rail (HSR) project.