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BUSINESS • 19/11/2025 12:52 PM

TDA Hands Over 64 ICP Projects Under Prasarana's RM11.37 Bln LRT3 Procurement

KUALA LUMPUR, Nov 18 (Bernama) -- Technology Depository Agency Bhd (TDA) has handed over 64 completed Light Rail Transit Line 3 (LRT3) Industrial Collaboration Programme (ICP) projects worth RM11.37 billion to Prasarana Malaysia Bhd.

In a statement today, TDA said the projects were delivered across five key sectors in line with Malaysia’s economic priorities, namely services, manufacturing, construction, agriculture and green mobility.

“Of these, 47 projects enhanced Prasarana’s operational efficiency, digital systems and workforce capabilities, while 17 community and industry-focused initiatives empowered small and medium enterprises (SMEs), universities and local vendors through technology adoption and sustainability programmes,” it said.

It said that the LRT3 project, awarded to Setia Utama LRT3 Sdn Bhd, a wholly owned subsidiary of Malaysian Resources Corporation Bhd, required the company to implement 64 key ICP initiatives alongside the railway construction from 2019 to November 2025.

TDA, an agency under the Ministry of Finance (MoF), oversees and manages the implementation of ICP in government procurement.

TDA’s covering chief executive officer Mohammad Rafidi Mat Dahan said this marks the successful completion of one of Malaysia’s largest ICP initiatives.

“It demonstrates how strategic government-linked projects can drive technology transfer, enhance local capabilities, and support sustainable economic growth.

“This achievement has enhanced skills, strengthened industries, and created long-term national value, (setting) a new benchmark for future government-linked projects,” he added.

The handover ceremony at Transport Expo Asia 2025, held during the three-day event from Nov 11, was officiated by the ministry’s government procurement division under secretary Datuk Norison Ramli.

TDA added that the LRT3 ICP programme reinforces Malaysia’s position as a leader in strategic industrial collaboration, providing a sustainable model for innovation, localisation and national economic growth.

-- BERNAMA

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