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Penang LRT: Relevant ministries, agencies to discuss funding models

12 Jun Penang LRT: Relevant ministries, agencies to discuss funding models

Posted at 12:38h in by
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Published by Bernama • 12/5/2023

Penang LRT: Relevant ministries, agencies to discuss funding models – minister

 

The Finance Ministry, Transport Ministry and relevant agencies are expected to hold a series of meetings next week to discuss funding models for the Penang Light Rail Transit (LRT) project, said Transport Minister Anthony Loke.

 

Speaking to reporters on the sidelines of the third Maritime Law and Business Conference 2023 today, he said that the Finance Ministry has called upon representatives from the Mass Rapid Transit Corp Sdn Bhd (MRT Corp), Transport Ministry and relevant agencies to discuss the matter.

 

Last week, the federal government announced additional funds to expedite the completion of the Penang LRT project to ease traffic congestion in the state.

 

The project is one of the main components of the Penang Transport Master Plan (PTMP).

 

The Penang government’s plan for the construction of the LRT line is to connect Bayan Lepas and Komtar.

 

Meanwhile, commenting on talks of the proposal to appoint Tanjung Piai MP Wee Jeck Seng as the new chairperson of Keretapi Tanah Melayu Bhd (KTMB), Loke emphasised that the power to appoint the KTMB chairperson lies with the Finance Ministry.

Tanjung Piai MP Wee Jeck Seng

 

“I have not received any information (regarding the appointment).

 

“KTMB is under the Finance Ministry, so any proposals will be brought to that ministry, and so far I have yet to receive any information on any proposals,” he said.

 

The two-day Maritime Law and Business Conference 2023, themed “Refuelling the Future – Sustainability and Growth in the Post-Covid Era”, is organised by the International Malaysian Society of Maritime Law (IMSML).

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