KUALA LUMPUR, July 10 — There is no issue that Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) is not sustainable following the increase in infrastructure costs reported in the...
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“The debt liability in terms of construction costs is guaranteed by the government, paid by the ministry and ensured by the Finance Ministry so that there is continuous repayment. So, there’s no issue that ‘it is not sustainable’. Loke said infrastructure construction is to generate economic growth, urban area growth as well as ensure good connectivity between one place and another, and also to facilitate the people’s movement.He added that the government still intends to implement the MRT3 project because it is needed to complete the metro rail network in the Klang Valley and more users are expected with the MRT3 route.
While winding up the A-G’s Report proposal in the Dewan Rakyat on Wednesday, Deputy Finance Minister Lim Hui Ying said that as a company established specifically to build urban rail infrastructure and own assets, MRT Corp receives financial contributions from the government to fulfil this purpose.
Anthony Loke Transport Ministry Parliament
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