Budget 2024: LRT3 gains back five stations - Temasya, Tropicana, Raja Muda, Bkt Raja, Bdr Botanik; RM5.3 bil
Budget 2024: LRT3 gains back five stations - Temasya, Tropicana, Raja Muda, Bkt Raja, Bdr Botanik; RM5.3 bil
An update on the Light Rail Transit 3 (LRT3) project, which will link Bandar Utama to Klang when it is completed. When it was first announced, the Shah Alam Line consisted of a planned 26 …
These stations were cancelled by LGE. So pointless to cancel them in the first place.
LGE thinks PT is demand driven, not supply driven ☠️
sorry for the long post but I think you're conflating microeconomic demand with macroeconomic demand in this context. Let's think about this holistically in the eyes of an economist and a public servant (LGE) - At the end of the day it's about mitigating project risks and ensure commercial viability of infrastructure project and at that point in time the government reached its fiscal limits.
demand/ demand risk (price, quality etc) very much plays a role, it would dictate how much the government is paying back to their investors. demand risk also goes hand-in-hand with service quality. I went back to the post from 2018 and he stressed that "I wish to stress that the reduction in cost for the LRT 3 will not compromise the quality of its service or capacity". All other things being equal - if you could almost halve the project cost, whilst being able to manage demand risk it's a win-win-win.
Smort
it was supposed to save the government 47%. many ppl seem to forget about the 1MDB scandal. Najib didn't just take RM 2.6B... 1MDB overall had an outstanding debt and it stood at US$ 7.8 B.
Hindsight is 20/20 i wouldn't say it's pointless to cancel it.