KUALA LUMPUR (July 9): The government will enter into a new contract with Syarikat Dhaya Maju LTAT Sdn Bhd for the second phase of the Klang Valley Double Track (KVDT2) rehabilitation at a 15% lower price of RM4.475 billion.

Speaking to reporters at the Parliament lobby today, Transport Minister Anthony Loke said the RM4.475 billion price tag is 15% or RM789.75 million lower than the original value of the contract. Loke said the previous Barisan Nasional government had awarded the original contract to Syarikat Dhaya Maju LTAT in April last year.

"Syarikat Dhaya Maju LTAT will be appointed as the contractor to carry out KVDT2 through another letter of acceptance and new agreement," he said.

Loke said the new contract period will remain at seven years.

Prior to the new contract, Loke said the government will first enter into a settlement agreement with Syarikat Dhaya Maju LTAT to ensure that the latter agrees not to make any claims for cost incurred from the cancellation of the KVDT2 rehabilitation project by the Pakatan Harapan government.

He said the cancellation notice was dated Oct 19 last year.

https://www.theedgemarkets.com/article/new-rm448b-contract-second-phase-klang-valley-double-track-rehabilitation