Date : 17 October 2018

OTHERS CONSTRUCTION AND COMPLETION OF PROPOSED LIGHT RAIL TRANSIT LINE 3 (LRT3) FROM BANDAR UTAMA TO JOHAN SETIA (PROJECT) - REMODELLING OF PROJECT CONCEPT FROM A PROJECT DELIVERY PARTNER REGIME TO FIXED PRICE CONTRACT REGIME

MALAYSIAN RESOURCES CORPORATION BERHAD

Type Announcement
Subject OTHERS
Description
CONSTRUCTION AND COMPLETION OF PROPOSED LIGHT RAIL TRANSIT LINE 3 (LRT3) FROM BANDAR UTAMA TO JOHAN SETIA (PROJECT)
-	REMODELLING OF PROJECT CONCEPT FROM A PROJECT DELIVERY PARTNER REGIME TO FIXED PRICE CONTRACT REGIME

Our announcements on 4 September 2015 and 23 October 2015 refer.

MRCB wishes to announce that Prasarana Malaysia Berhad (“Prasarana”) has via its letter dated 16 October 2018 to MRCB George Kent Sdn Bhd (“MRCB-GK”), informed that the Government of Malaysia has agreed to continue with the Project at a total cost of RM16.6 billion, including land acquisition costs, interests during construction and other costs.

The implementation concept of the Project will be remodelled from a Project Delivery Partner (“PDP”) regime to a Fixed Price Contract regime.

MRCB will make a further announcement to Bursa Securities as and when there is a material development in relation to the Project.

 

This announcement is dated 17 October 2018






Announcement Info

Company Name MALAYSIAN RESOURCES CORPORATION BERHAD
Stock Name MRCB
Date Announced 17 Oct 2018
Category General Announcement for PLC
Reference Number GA1-17102018-00088