Update: The CEO of MRT Corp Datuk Azhar Abdul Hamid announced will not cost over RM23bil and is on track for completion by July 2017.
Towards the end of year 2012, the Klang Valley Mass Rapid Transit project is going for a full swing. The costs of this mega infrastructure project still remained in dark and is expected to be released before 2013.
According to the media briefing, MRT Corp had awarded a total of 54 packages worth RM20.31bil out of 85 packages. The remaining 31 packages worth around RM3bil will be gradually awarded
Participation of bumiputra contractors, the value of contracts awarded to date against the total awarded stood at 45%.
3% of the project had been completed since groundwork began in March 2012.