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Private players interested in part-funding MRT3 Circle Line, MRT Corp now reviewing several PFI proposals

7/29/2021

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MRT Corp has issued updates on the MRT3 Circle Line project, which is in the process of being revived to complete the Klang Valley’s rail network. The loop line was given the green light to proceed in April, with the government looking at private sector participation and financing in a “hybrid” system.


Following the briefing session on the project in April, MRT Corp has received several Private Funding Initiative (PFI) propositions for MRT3. MRT Corp CEO Datuk Mohd Zarif Hashim says it is still evaluating the merits of the PFI scheme.

“In view of this, MRT Corp needs to adjust the timeline for the tender process for the first package of the project. MRT Corp will announce the new date for the calling of the tender in the future,” he said. It was earlier said that the tender process will start in August.

Zarif added that the Request For Information (RFI) exercise that started on April 9 has been completed. Over 40 submissions by “major players of the construction industry in Malaysia” were received when the submission period ended on May 25.

“We have engaged the players who participated in the RFI and we have provided them with feedback on the information given,” the MRT Corp chief said, explaining that the RFI exercise was to enable MRT Corp to gauge the interest, capacity and capability of local players of construction industry in relation to the project. The info will also help MRT Corp in establishing the best structure for the MRT3 project.

​It was revealed in April that MRT Corp is looking at 30 stations for the Circle Line, including some 10 interchanges with existing rail lines. Some of the proposed stations are Bukit Kiara, INTAN (National Institute of Public Administration), Sri Hartamas, Mont Kiara, Jalan Duta, Matrade, Jalan Kuching, Sentul West, Sentul East, Ayer Panas, Semarak, Setiawangsa, Ampang Point, Desa Pandan, Pandan Indah, Taman Perdana, Taman Midah, Hospital Canselor Tuanku Muhriz UKM (previously known as HUKM), Kuchai Lama, Old Klang Road and Pantai Dalam.
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The proposed line will be around 50 km long, and 40% of it will be underground. The project will be built in five phases over 10 years, but each completed phase will be able to operate independently, as the Circle Line links other stations/lines together.

Zarif said in April that MRT Corp aims to use the project as a catalyst to spur the local supply chain and construction players through an “industry development” tender system.

He added that contracts will be awarded based on technological adoption, among others, including the use of the Industrialised Building System (IBS) and Building Information Modelling, modern construction methods that are faster and more sustainable. IBS might reduce foreign worker dependency, as it makes construction easier and safer by being off-site. It’s hoped that this might attract more locals.

MRT3 is for the future, but the MRT Putrajaya Line – formerly known as the Sungai Buloh-Serdang-Putrajaya (SSP) Line – is just around the corner now. The second MRT line will open in November 2021, a three-month delay from its original target of August due to an extension of trial operations as a result of the MCO.

Articles refer from paultan.org
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  • Home
  • New Property Launch
    • Best Investment 2022 PJ Damansara Low Risk Low Entry Price High ROI
    • 2022 PJ Rumah Mampu Milik RM270k Damansara
    • Bangsar South 2 Rooms from RM390k BELOW Market Price
    • 10% ROI PJ Project near Ikea and One Utama Mall
    • Mid Valley Seputeh New Launch
    • Pavilion Damansara Heights 柏威年 白沙罗岭 马来西亚 吉隆坡 精选楼盘
    • 马来西亚RM300千的PJ屋子-首购族,年轻人月入3千能买房
    • 2021 Penang Most Awaited Project
    • 2021 New Launch - KL Metropolis
    • 2021 PJ Spacious and Affordable 5 Star Condo
    • Freehold LRT Linked 3 Room Suites in Glenmarie
    • New SPACIOUS Kepong Landed 6 Room 6 Bath
    • Bangsar Last Piece Land New Launch
    • Avara Seputeh (Mid Valley)
    • Project Announcement Registration. Malaysia New Property Launch
  • Existing & Past Project
    • 2020 Lowest Risk & Price in Klang Valley with Great ROI
    • Kiara East Suite Dex
    • 2019 SAFEST PROFITABLE HIGH CASHBACK INVESTMENT
    • Best Property Investment Projects in 2018
    • KL City Freehold Spacious Affordable 3 room Project
    • Jalan Kuching Freehold New Office & Shoplot
    • Jalan Ipoh New Freehold Shoplot & Offices
    • RM300k KL Sentral New Prelaunch
    • The Olive Condo, Sunsuria City
    • Prelaunch Landed House Bukit Rahman Putra
    • RM260k No Downpayment Puchong South Suites
    • PJ North RM400k High Cash Back Project
    • Denai Sutera @ Alam Sutera, Bukit Jalil
    • First Phase of Banting New Township
    • Neu Suites 3rdNVenue @ Embassy Row by Titijaya & CREC
    • COURT 28, Jalan Ipoh KL City New Property Launch Service Apartment. Malaysia New Property Launch
    • Semanja Kajang New FREEHOLD Kajang Double Storey Houses. Malaysia New Property Launch
    • M Suite @ Desa Park North
    • BIJI LIVING @ Sek 17 PJ City by Conlay. Malaysia New Property Launch
    • Amani Residence Bandar Puteri Puchong New Freehold Service Apartment. Malaysia New Property Launch
    • SFERA RESIDENCY @ Puchong South. Malaysia New Property Launch
    • KL North Last Release
    • PreLaunch Freehold Double Storey
  • LAND
  • News & Articles
    • Educational Articles
    • Ho Chin Soon Greater KL Map Sharing
  • Other Reference Link & Services
    • Land Sale Malaysia
    • Malaysia New Property Launch
    • Lets Buy Property Malaysia
    • Other Professional Services
  • Referral
  • Career
  • MPIG
    • About Us
    • Contact Us
  • Get Professional Advice
  • PJ八打灵2021全新地产项目分析手册