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MOF: LRT3 cost tripled to RM31b under Prasarana’s poor management
savemalaysia
Publish date: Tue, 10 Jul 2018, 08:17 PM
KUALA LUMPUR, July 10 — The Ministry of Finance blamed Prasarana Malaysia today for poorly managing the Light Rail Transit 3 (LRT3) project that caused projected costs to triple from RM10 billion to RM31.45 billion.
Finance Minister Lim Guan Eng noted that Prasarana Malaysia previously secured a government guarantee for an RM10 billion bond facility to fund the Klang Valley project in 2015, but the government-owned public transportation company requested for an additional RM22 billion in government guarantee on March 30 this year to ensure funding to complete the project.
“The Ministry of Finance has already requested Prasarana to drastically review the cost of the project to ensure its viability.
“The Ministry of Finance will not support any additional funding required for the project unless the cost of the LRT3 project is significantly rationalised without compromising on the integrity of the rail network as well as the safety and the quality of service provided,” said Lim in a statement.
https://www.malaymail.com/s/1650867/mof-lrt3-cost-tripled-to-rm31b-under-prasaranas-poor-management
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Discussions
1 person likes this. Showing 16 of 16 comments
And as usually, bursa will turn red tomorrow! The magic of LGE mouth is legendary by now!
2018-07-10 20:31
Posted by peterchu > Jul 10, 2018 08:32 PM | Report Abuse
tom, thats why 1 billion cash is found in the x MOF house
Answer : Back in Penang, we have underwater tunnel that will never be built! This LGE and Najib came from same crook club!
2018-07-10 20:49
What LGE should have done is to send team of auditors to check why LRT3 cost so much! Then pass to MACC if element of corruption detected! Do i have to teach our MOF how to handle things!
2018-07-10 22:54
You cannot simply go to media and try to be hero! I have said many times, don't try the hero thingy! One of this day, LGE is going to be fry by rakyat!
2018-07-10 22:55
If LGE suspected serious poor management or leakage, the best people to know are the auditors! Come on, don't tell me, LGE dont even know his ministry has tons of competent staff to do it!
2018-07-10 22:57
Prasarana and 1 MDB abang adik.
Those responsible for 1 MDB all facing their fate one by one, just wait for judgement day verdict.
What about Prasarana?
Why are they still enjoying good life until today?
Should have invited them for coffee session with MACC soonest.......
2018-07-10 23:55
indeed. Tokong Lim now has legendary mouth. Any words spoken and bursa goes red. Tokong Lim effect. Should have just stayed back become Penang CM.
2018-07-11 10:03
Why Penang undersea tunnel project not investigated? Becos itu taikor/tokong Guan Eng pinya tangan lor.
2018-07-11 10:06
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Do it successfully first than talk to public.
2018-07-10 20:25