MRT Corp Signs Rm8.31 Bln Contract With SRS Consortium
KUALA LUMPUR, Jan 13 -- Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) has signed a Civil Main Contract (CMC) for Segment 1 of the Mutiara Line Light Rail Transit (LRT) project with SRS Consortium Sdn Bhd.
The contract is valued at RM8.31 billion.
SRS Consortium is a consortium led by Gamuda Bhd, along with Loh Phoy Yen Holdings Sdn Bhd and Ideal Property Development Sdn Bhd, which are also involved as the Project Delivery Partner (PDP) for the Penang Transport Master Plan (PTMP).
Transport Minister Anthony Loke said the CMC for Segment 1 of the Mutiara Line LRT project will connect the South Reclamation Island of Penang-A (PSR-A) to Komtar, with an estimated alignment length of 24 kilometres.
“SRS Consortium is a consortium led by Gamuda Bhd, which has extensive experience and expertise in this project, having been involved since the early stages, including technical studies and obtaining crucial approvals.
“The procurement negotiation process between MRT Corp and SRS Consortium, which has been ongoing since April 2024, has been carried out meticulously and thoroughly,” he said at a press conference after witnessing the signing ceremony of the agreement between MRT Corp, which is the project developer and asset owner of the LRT Mutiara Line, and SRS Consortium, here today.
The contract was signed by MRT Corp’s chief executive officer Datuk Mohd Zarif Hashim and Gamuda’s deputy managing director Datuk Ha Tiing Tai.
Loke stated that the Mutiara Line LRT Project consists of three main tender packages – CMC Segment 1, CMC Segment 2, and the Turnkey System Contract (STC).
He explained that Segment 2 involves the connection from Macallum to Penang Sentral, approximately 6km in length, which includes the construction of a 3.2km sea bridge with a navigational span that allows ships and ferries to pass to the ports in Prai and Butterworth.
“The tender for CMC Package 2 is expected to open in July 2025 through an open tender process,” Loke said.
The minister also said that the STC will cover the design, procurement, construction, testing, and maintenance of the railway system for the project.
“The first tender briefing for the Turnkey System Contract, held on Dec 12, 2024, in Penang, received positive responses from both local and international companies.
“Tenders were officially opened on Dec 13, 2024, and the tender submission will close on April 14, 2025. The second briefing will take place in Kuala Lumpur on Jan 14, 2025,” he added.
On January 11, Prime Minister Datuk Seri Anwar Ibrahim officiated the groundbreaking ceremony for the Penang Mutiara Line LRT Project, which will feature 21 stations at strategic locations, including one provisional station at PSR-A, covering a total alignment of 29.5 km.
Meanwhile, in a filing with Bursa Malaysia today, Gamuda stated that the project is expected to be completed in about 72 months from the notice to proceed.
“The works involve the design, construction, and completion of elevated guideways, stations, a depot at PSR-A for light and heavy maintenance, ancillary structures, at-grade park and ride, utilities and services relocations, utility buildings, external surface works, and other associated works.
“The Penang LRT Mutiara Line Project is expected to contribute positively to the revenue and earnings of the Gamuda group for the financial year ending July 31, 2025, and onwards until the completion of the project,” it said.
-- BERNAMA
