KUALA LUMPUR - The third phase of Malaysia's MRT, which is now open for tender via a turnkey contractor, would rely on bidders to seek a financial institution to fund its construction.

Upfront financing of 90% means local firms unlikely to lead construction of $9.7b project, say analysts

A tender for the third phase of Malaysia's MRT system has surprised industry analysts, with the government asking bidders to provide 90 per cent upfront financing for the over RM30 billion (S$9.7 billion) project. The government also wants bidders to have handled urban projects costing RM10 billion in the past decade

KUALA LUMPUR 13 Nov. - Semua syarikat tempatan termasuk bumiputera layak untuk menyertai tender bagi projek laluan tiga MRT atau MRT3 Circle Line (MRT3) di bawah struktur baharu melalui kontrak siap guna atau turnkey yang diperkenalkan Mass Rapid Transit Corporation Sdn. Bhd. (MRT Corp.)

KUALA LUMPUR: Building the third line for the Klang Valley MRT (KVMRT) project on turnkey basis will save the government billions of ringgit, compared to calling for tenders and funding from DanaInfra Nasional Bhd.

Mass Rapid Transit Corp Sdn Bhd chief executive officer Datuk Seri Shahril Mokhtar says the MRT Line 3 will have a minimum 30 per cent Bumiputera participation.