Cost of LRT extension won’t exceed RM7bil

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Cost of LRT extension won’t exceed RM7bil

Postby admin » Sat Mar 12, 2011 1:39 am

KUALA LUMPUR: The cost of extending the Kelana Jaya and Ampang light rail transit (LRT) lines is not expected to exceed the allocated RM7bil and the two lines are scheduled to be opened to the public by mid-2014.

“We are confident that the RM7bil will not be exceeded,” Syarikat Prasarana Bhd (Prasarana) group director of project development division Zulkifli Mohd Yusoff said, adding that the new lines would be ready for testing and commissioning by early 2014 and open for public use by the middle of 2014.

Zulkifli, who was speaking at a media briefing yesterday said currently, RM2bil of the RM7bil needed for the project had already been raised via Islamic bonds and the remaining RM5bil would also be raised via bonds next year and beyond.

“The RM2bil is sufficient for this year,” he said.

Physical work on the lines would likely commence by the end of this month, pending the approval of work permits.

However, works such as the relocation of telecommunication cables, Tenaga Nasional Bhd low-voltage (underground) cables, Tenaga high-voltage transmission lines, water mains and sewerage pipes were being carried out.

“About 15% of these works for the Kelana line extension and about 20% of the works for the Ampang Line extension have been completed,” Zulkifli said.

The first package of construction works for the LRT extension was announced in November, while the tender for the second package is under way and closes on March 14.

“We will take two to three months to evaluate the tenders before submitting them for approval from the Finance Minister,” Zulkifli said.

The announcement on the successful tenders would be made this year, he added.

Prasarana is a wholly-owned unit of Minister of Finance Inc and is the asset owner and operator of several public transport providers, namely the Ampang and Kelana Jaya lines, KL Monorail system, bus operations in the Klang Valley and Penang, as well as cable car services in Langkawi.

The extension lines will measure 17 km each. The stretch of the Kelana Jaya line starts from the Kelana Jaya station while the Ampang line will start from the Seri Petaling station with both lines converging at Putra Heights.

The extension programme will see an additional 13 stations for each line.

Read the full article:
http://biz.thestar.com.my/news/story.as ... c=business
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