Construction cost of MRT3 will be around RM31b and will be operational by 2030, according to MRT Corp

KUALA LUMPUR (March 15): The Mass Rapid Transit 3 (MRT3) circular line project, estimated to cost around RM31 billion, will be fully operational by 2030 after receiving government approval. Mass Rapid Transit Corp Sdn Bhd (MRT Corp) has also been named the project developer and owner of the assets.

Speaking at MRT Corp’s press conference, its Managing Director Datuk Mohd Zarif Hashim (pictured) said the construction cost of the project is expected to be RM31 billion pending confirmation after the completion of the open tender.

Zarif noted that the RM31 billion fare is similar to the MRT2 line that connects Sungai Buloh and Putrajaya, which is expected to come into service in the second quarter of 2022.

The MRT3 Circle Line will have a circular alignment running along the Kuala Lumpur city perimeter for about 51 km in length, split between 40 km of elevated tracks and 11 km of underground tunnels, he added.

The currently proposed alignment of the MRT3 Circle Line will have 31 stations, 10 of which will serve as interchange stations with the eight existing railway lines in the Klang Valley.

“The project is the result of various studies and engagements over the past year following government approval for MRT Corp to carry out engineering studies in April last year.

“Last year we shared several ideas on how the MRT3 circular line would be designed. Our approach is now holistic and consistent with these design principles; an alignment that delivers multiple benefits, creating great value for the economy, the use of an optimal cost and financing mechanism and a sustainable residual value,” said Zarif.

Zarif pointed out that the alignment of the MRT3 Circle Line not only includes connectivity to underserved areas of the city, but also the creation of a multi-model transit hub, the development of local businesses capable of becoming regional champions for compete beyond Malaysia in operations maintenance, repair and service.

He added that MRT Corp will hold more briefings to share more details of the MRT3 Circle Line plan as the project progresses.

Edited by Kathy Fong

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