Malaysia’s new prime minister Mahathir Mohamad is reviewing infrastructure projects agreed by his predecessor ©AFLO/PA Images
Malaysia’s new prime minister Mahathir Mohamad is reviewing infrastructure projects agreed by his predecessor ©AFLO/PA Images

Malaysia halves cost of rail contract

18 July 2018

The new Malaysian government has slashed the scale and nearly halved the cost of a major rail development.

The Ministry of Finance has said it has reduced the cost of the Light Rail Transit 3 (LRT3) project from RM31.65bn ($7.8bn) to RM16.63 ($4.1bn), a reduction of 47%.

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