Latest news with #FinalRailwayScheme
Focus Malaysia
18-07-2025
- Business
- Focus Malaysia
Final railway scheme for MRT3 approved, paving way for next phase
MALAYSIA Rapid Transit Corporation Sdn Bhd (MRT Corp) announced yesterday that the Final Railway Scheme for the MRT3 Circle Line has been formally approved by Transport Minister Anthony Loke. 'This came about eight months after the three-month public inspection exercise ended on 2nd December 2024. Over 45,000 of written feedback were received, with 93.3% expressing support for the mega rail project,' said MBSB. Among the main changes following the exercise was a -31.8% reduction in the number of lands lots required for acquisition, down from 1,012 to 690. This is slightly behind the initial schedule, where the Final Railway Scheme was expected to be approved by quarter four of calendar year 2024 (4QCY24), nevertheless, it is still a positive as this marks a step forward for the mega rail project. MRT Corp expects the land acquisition process to be completed by end-CY26, which will then pave way for construction to begin. We also do not discount the possibility that the land acquisition process may take slightly longer than expected. Notices for landowners to vacate the acquired lands should be issued starting 1QCY26, where they will be given up to six months to vacate. Recall that MRT Corp had previously sought for four extensions for the tender validity of MRT3. No extensions were sought after the fourth extension ended in Mar-24, which would mean that the tenders have naturally lapsed. We believe there would also be some changes to the original alignment of the project and the placement of stations, considering the reduction in plots of land for acquisition. We expect a re-tender exercise to be called by mid-CY26, and contracts to be awarded towards the end of the land acquisition exercise, which will likely be by end-CY26 to mid-CY27. The MRT3 Circle Line is a 51km orbital alignment that will serve the perimeter of Kuala Lumpur. It is designed for full integration with the existing MRT, LRT, KTM, and Monorail lines and will feature 10 interchange stations. The alignment is expected to be 39km elevated and 12km underground, with 22 elevated stations, seven underground stations, and three future stations. Back in 2023, the Government sought for a 10% reduction in the price tag for MRT3. When Prime Minister Datuk Seri Anwar Ibrahim retabled Budget 2023 in Feb-23, he expressed the Government's confident in cutting the MRT cost to under RM45b from RM50b previously. Construction cost will make up the bulk of the amount, expected to be around RM31.0 bil. Land acquisition cost may come up to RM6.0 to RM7.0 bil, with the remainder for project management and financing costs. The initial funding mechanism for MRT3 was planned to be a hybrid financing model where successful bidders of the contracts fund the initial two years of construction works worth at least 10% of the contract value and a minimum moratorium period of two years and will be reimbursed by the Government through deferred payments. Following that, news reports have also surfaced that the funding model would revert to debt issuances by DanaInfra Nasional in order to reduce the Government's financing cost. We are positive on the latest developments, which now provides more clarity that the MRT3 mega project is starting to take a step forward. This strengthens our optimism for the Construction sector; hence we maintain our positive recommendation. Construction of MRT3 may begin in CY27, which will keep contractors busy possibly up to 2033. This will be a timely continuation of projects following the expected completion of the Johor-Singapore Rapid Transit System (RTS) and the East Coast Rail Link (ECRL) by end-CY26. —July 18, 2025 Main image:
The Star
18-07-2025
- Business
- The Star
MRT3 Circle Line gets Final Railway Scheme approval
MRT Corp said the approval followed a public inspection exercise held from Sept 2 to Dec 2, 2024. KUALA LUMPUR: Malaysia Rapid Transit Corp Sdn Bhd (MRT Corp) has announced that the Final Railway Scheme for the MRT3 Circle Line has been formally approved and signed by Transport Minister Anthony Loke. MRT Corp said the approval followed a public inspection exercise held from Sept 2 to Dec 2, 2024, during which it received over 45,000 written responses. 'An overwhelming 93.3% of the feedback expressed support for the project, reflecting strong public and stakeholder endorsement,' it said in a statement. The MRT3 Circle Line is a 51-km orbital alignment that will serve the perimeter of Kuala Lumpur, fully integrated with 10 strategically located interchange stations to enable seamless bidirectional travel across the Klang Valley. Several improvements have been made to the placement of stations and viaducts along the project's alignment, as well as to the design of the MRT3 Circle Line's rail system, according to MRT Corp. In addition, the number of land lots required for acquisition has been reduced from 1,012 to 690, minimising the impact on affected communities. 'With today's approval, the land acquisition process can now commence and is targeted for completion by the end of 2026. 'MRT Corp will be reaching out to the affected communities and updating them on the improvements made in their respective areas,' it added. — Bernama
The Sun
17-07-2025
- Business
- The Sun
MRT3 Circle Line approved with 93.3% public support in Malaysia
KUALA LUMPUR: The MRT3 Circle Line has received formal approval for its Final Railway Scheme, marking a major milestone for Malaysia's public transport expansion. Transport Minister Anthony Loke signed off on the project following a public inspection period that gathered over 45,000 responses, with 93.3 per cent showing strong support. The 51-kilometre orbital line will encircle Kuala Lumpur, featuring 10 interchange stations designed to enhance connectivity across the Klang Valley. MRT Corp confirmed adjustments to station placements and viaduct designs, alongside a reduction in land acquisitions from 1,012 to 690 lots to lessen community impact. 'With today's approval, the land acquisition process can now begin, targeting completion by end-2026,' said MRT Corp. The agency will engage affected residents to share updates on area-specific improvements. The project's rail system refinements aim to optimise efficiency, ensuring smoother bidirectional travel.
Barnama
17-07-2025
- Business
- Barnama
MRT3 Circle Line Gets Final Railway Scheme Approval
BUSINESS DAP Secretary-General Anthony Loke speaks during a press conference on the 'MACC Apology to Teoh Beng Hocks Family' at the DAP National Headquarters, Jalan Yew, today. KUALA LUMPUR, July 17 (Bernama) -- Malaysia Rapid Transit Corporation Sdn Bhd (MRT Corp) today announced that the Final Railway Scheme for the MRT3 Circle Line has been formally approved and signed by Transport Minister Anthony Loke. In a statement, MRT Corp said the approval follows a public inspection exercise held from Sept 2 to Dec 2, 2024, during which it received over 45,000 written responses. "An overwhelming 93.3 per cent of the feedback expressed support for the project, reflecting strong public and stakeholder endorsement," it said. The MRT3 Circle Line is a 51-kilometre orbital alignment that will serve the perimeter of Kuala Lumpur, fully integrated with 10 strategically located interchange stations to enable seamless bidirectional travel across the Klang Valley. According to MRT Corp, several improvements have been made to the placement of stations and viaducts along the project's alignment, as well as to the design of the MRT3 Circle Line's rail system. In addition, the number of land lots required for acquisition has been reduced from 1,012 to 690, minimising the impact on affected communities. "With today's approval, the land acquisition process can now commence and is targeted for completion by the end of 2026. "MRT Corp will be reaching out to the affected communities and updating them on the improvements made in their respective areas," it added. -- BERNAMA
BusinessToday
17-07-2025
- Business
- BusinessToday
MRT3 Circle Line Gets Final Approval, Land Acquisition To Begin
The government has officially greenlit the Final Railway Scheme for the MRT3 Circle Line, a major step forward for Kuala Lumpur's largest urban rail expansion to date, paving the way for MRT Corp to proceed with land acquisition. The scheme's approval, signed by Transport Minister Anthony Loke, follows a public feedback exercise conducted from September to December 2024, which saw over 45,000 written submissions, with 93.3% expressing support for the project. The MRT3 Circle Line, a 51km loop encircling the Klang Valley, will enhance connectivity with 10 key interchange stations linking to existing rail lines. Once completed, the line is expected to significantly improve travel efficiency and reduce road congestion across Greater Kuala Lumpur. As part of its commitment to community impact mitigation, MRT Corp has reduced the number of land lots to be acquired from 1,012 to 690. Land acquisition will now begin and is scheduled for completion by the end of 2026. Related
