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Bumiputra companies to get 45% of LRT 3 contracts

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Syndicated News
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KUALA LUMPUR, March 29 2017 : The government has announced that 45 per cent of the Light Rail Transit 3 (LRT 3) contracts worth RM9 billion would be awarded to Bumiputra companies through the “carve out and compete” concept .

Prime Minister Datuk Seri Najib Razak said the eligible companies had to compete among themselves based on merit.

“It (contracts) is not being randomly awarded and they (Bumiputra companies) must prove their ability and consideration will be given based on merit,” he said after chairing the Bumiputra Economic Action Council here today.

He also said the overall package had been carefully detailed, encompassing civil works and systems.

It includes bridges and buildings for parking involving nine packages, underground tunnels (one), car depot (two), bus depot (three), works systems, and supply of construction materials among others.

Najib said Bumiputra contractors from G2 to G7 under the CIDB had the opportunity to participate in the four key categories. – Bernama

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