Malaysia will Invest $2bn for Light Rail Extension

16 September 2009 Wednesday, 09:11
Railway Infrastruter Project

State-owned Malaysian transport operator Syarikat Prasarana Negara Bhd is expecting to begin work on the proposed RM7bn (approximately $2bn) Klang Valley light rail extension project in 2010.

The project involves extending the Kelana Jaya Line and the Ampang Line as well as a 17km Kelana Jaya Line extension from the Kelana Jaya station to Putra Heights via Subang Jaya and USJ with 13 new stations.
The rail extension also includes a 17.7km Ampang Line extension from the Sri Petaling station to Putra Heights via Kinrara and Puchong areas with 13 new stations.
The project will be financed entirely by the rail company, possibly through the use of bonds and is expected to be finished within three years.
Prasarana Group managing director Datuk Idrose Mohamed said that the company has already internally generated RM2bn and issued RM2bn in Islamic bonds to raise funds for the project.
The company will open bids for the construction work in October.
The project’s cost, estimated as RM7bn, will be finalised once the proposed alignment is approved and the detailed design is finished.

About railwaynews

Railwaynews.net is a railway information and news platform. Website presents from all around the world railway sector news, developments, projects and tender for the sector specialists. Railwaynews supports to industry events and announced them for potential participants. Railwaynews plans to collecting data from all around the world, about railway infrastructure, rolling stock, railway transportation datum, geographical datum to present for railway professionals for short term. Railwaynews will build new platforms aims to high value railway business environment for all railway specialists, railway fans and especially railway suppliers and their decision makers. Railwaynews presents whole information from rail professionals to rail professionals.

Make a Comment...

Your email address will not be published. Required fields are marked *

Wordpress Haber Teması Tasarım ve Programlama: Seçkin Talanöz