LRT3 likely to resume with reduced budget and revised plan
Agreement on cost: A source says that contractors of the LRT3 project have agreed to the new revised cost
KUALA LUMPUR: The light rail transit 3 (LRT3) project, which risked being shelved as a result of its cost rising by more than three times, is expected to resume in November with a reduced budget and revised plans, sources say.
The cost of the LRT3 project was initially tagged at RM10bil. It was subsequently revealed that the initial costs were somewhat misguided as certain costs were not taken into consideration, and on summing up the total costs, the figure had ballooned to RM31.65bil.
Sources also said that there will be no change in the project delivery partner (PDP) which cements the joint venture between Malaysian Resources Corp 
Bhd and George Kent Bhd (MRCB-GK).
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