Federal Gov't takes over Penang LRT Mutiara Line project from State Gov't - Loke

PUTRAJAYA: The federal government has officially taken over the Penang Light Rail Transit (LRT) Mutiara Line project from the state government, said Transport Minister Anthony Loke.

Loke said this followed the approval given by the Cabinet for the proposed development of the project on March 22.

"The government has officially decided to appoint MRT Corp, a company 100 per cent owned by the Minister of Finance Incorporated (MoF Inc), as the developer and asset owner.

"This project will be implemented through open tender while procurements will be divided into three main components," he told a press conference here today.

He said the three components are the contract for civil construction works for Segment 1 covering the Silicon Valley to Komtar alignment, the contract for civil construction works for Segment 2 involving the Komtar to Penang Sentral alignment, and the turnkey contract for systems and rolling stocks works on a build-maintain-transfer (BMT) basis.