The construction of the RM9bil Light Rail Transit Line 3 (LRT 3) project will commence in the first quarter of next year, says Prasarana Malaysia Bhd.
On the Project Delivery Partner (PDP), Azmi said to date seven companies had collected application forms which must be submitted in the first week of June.
Prasarana aims to award the project by July.
He said as PDP, the qualified company would receive a 6% fee of LRT 3’s total contract value.
“Should the total cost of the project be less than or equal to the targeted cost, the PDP would be entitled to the full fee.
However, if the project cost is more than the targeted cost, the fee would be cut in accordance with the agreed formula,” he explained.
The project is expected to be completed by Aug 31, 2020 and will serve over 2.0 million commuters along the allignment, which will connect Bandar Utama, Damansara and Johan Setia in Klang by 2025.