MMC-Gamuda wins back MRT2 project after reducing the cost from RM39.95 billion to RM30.53 billion

Some variations in the original design helped reduce the cost

(MMO) – Finance Minister Lim Guan Eng said MMC-Gamuda has been re-awarded the MRT2 project in its entirety after the conglomerate slashed its proposed cost by RM8.82 billion.

This also includes the firm’s agreement to further increase the proposed cost reduction for the underground portion to RM3.6 billion, up from the original RM2.13 billion offer.

“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 RM39.95 billion to RM30.53 billion.

“The MOF would like to extend our appreciation to the Prime Minister Tun Dr Mahathir Mohamad for his attention on this matter,” said Lim in a statement.

The negotiation occurred at the behest of the prime minister.