Additional cuts and MMC-Gamuda will continue with the underground MRT works

Remember that debate online on who’s right and who’s wrong about the MRT Line 2’s underground works? After both sides have their say and supporters, the company which won against many other international bidders is now the ‘winner’ again. After that announcement of them being cut away from the underground MRT Line 2 works, MMC-Gamuda is now reinstated. Here’s that Article in TheStar here. The Ministry of Finance (MoF) announced today that MMC-Gamuda would continue the Mass Rail Transit Sungai Buloh-Serdang-Putrajaya Line (MRT2) project with a larger cost reduction for the underground works.

Its Minister, Lim Guan Eng said the decision was made after the final round negotiations which resulted in MMC-Gamuda agreeing to increase the cost reductions of the underground works to RM3.6 billion from RM2.13 billion. In a statement, he said, “This means that the construction cost (excluding interest during construction, land acquisition costs and other costs) of MRT2 has been successfully reduced by RM8.82 billion or 22.4 per cent from RM39.35 billion to RM30.53 billion.” Today, the Cabinet agreed to MMC-Gamuda’s new offer and the cost rationalisation exercise. Full article for reference here. 

Hopefully this does NOT repeat in future. This was not a directly awarded project and it was won through a tender. (regardless of whether they have advantage since they are a local company). By the way, this is the new Malaysia yeah. Please support facts and figures (as in numbers) and not figures as in some people regardless of the party they are from. A close friend said, “This is the best decision. The government and MMC-Gamuda are both winners for this case.” Well, if this is the case, then I think there’s another winner; the people like you and me. Happy following and taking a rise in MRT Line 2 when it’s completed on time instead of delayed like LRT Line 3 (earlier article) or HSR. (earlier article)

written on 27 Oct 2018

Next suggested article:  Transparent land transactions moving forward?


Advertisements is everything about property related writings and news. Enjoy reading with a latte.

Related Posts

MRT was ‘too big’ and ‘too luxurious.’

I personally like our MRT and has taken it slightly over 10 times since it first started. I have also taken my family on it once. As per one latest number, there are now 130,000 people taking the MRT nowadays. This is less than half the number needed to break-even. I think it will take […]

Read More

Mildly positive and ‘less painful.’ Hmm…

I was giving a talk entitled, “The Key Driver for Property Demand will always be Affordability” in Fair 2018 in KLCC and I asked the audience about Budget 2019. “How many of you here thinks the Budget 2019 is positive for you?” I looked around and none put up their hands. Perhaps they have […]

Read More

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Property investment news everyday? Subscribe for free!

An article a day, keeps you updated all the way.

Join 903 other subscribers

LIKE us for property news update, FREE.

%d bloggers like this: