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Home » Bursa Malaysia Stock , Malaysia Finance News » Gamuda and MMC Proposal: To be Conduct Feasibility Study

Gamuda and MMC Proposal: To be Conduct Feasibility Study

  Joehari Matt    

Malaysia Construction MRT
12 weeks to conduct RM36bil MRT feasibility study
malaysia-LRTThe feasibility study on the proposed RM36bil mass rapid transit (MRT) system by Gamuda Bhd and MMC Corp Bhd is expected to be presented to the Government in about three months time, said a source familiar with the matter. It was earlier reported that the Government had appointed two independent consultants – Minconsult SdnBhd and Andercon Technologies Ltd – to carry out the study. The source said the consultants had been given a period of 12 weeks to revert and present their recommendations on the project to the Government.

It is understood that the consultants have been hired by the Finance Ministry in consultation with the recently-formed Land Public Transport Commission or SPAD. SPAD is supposed to coordinate, integrate and regulate all public transport systems in the country as well as come up with a masterplan. Previous reports indicated that the MRT project might start as soon as early next year. - StarBiz

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