MRT Corp Signs RM8.31 Billion Contract With SRS Consortium for Mutiara Line LRT Project


Kuala Lumpur: Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) has signed a Civil Main Contract (CMC) for Segment 1 of the Mutiara Line Light Rail Transit (LRT) project with SRS Consortium Sdn Bhd. The contract is valued at RM8.31 billion.



According to BERNAMA News Agency, SRS Consortium is a consortium led by Gamuda Bhd, along with Loh Phoy Yen Holdings Sdn Bhd and Ideal Property Development Sdn Bhd, which are involved as the Project Delivery Partner (PDP) for the Penang Transport Master Plan (PTMP). Transport Minister Anthony Loke stated that the CMC for Segment 1 will connect the South Reclamation Island of Penang-A (PSR-A) to Komtar, with an estimated alignment length of 24 kilometers.



The procurement negotiation process between MRT Corp and SRS Consortium, ongoing since April 2024, was conducted meticulously. The contract was signed by MRT Corp’s chief executive officer Datuk Mohd Zarif Hashim and Gamuda’s deputy managing director Datuk Ha Tiing Tai during a ceremony attended by the Transport Minister.



Loke outlined that the Mutiara Line LRT Project comprises three main tender packages: CMC Segment 1, CMC Segment 2, and the Turnkey System Contract (STC). Segment 2 includes a 6km connection from Macallum to Penang Sentral, featuring a 3.2km sea bridge with a navigational span. The tender for Package 2 is expected to open in July 2025 through an open tender process.



The minister also mentioned that the STC will handle the design, procurement, construction, testing, and maintenance of the railway system. The first briefing for the Turnkey System Contract took place on December 12, 2024, and the tender submission will close on April 14, 2025. A second briefing is scheduled for January 14, 2025, in Kuala Lumpur.



Prime Minister Datuk Seri Anwar Ibrahim officiated the groundbreaking ceremony for the Penang Mutiara Line LRT Project on January 11. The project will feature 21 stations, including one provisional station at PSR-A, with a total alignment of 29.5 km.



In a filing with Bursa Malaysia, Gamuda stated that the project is expected to be completed in about 72 months from the notice to proceed. The works involve the design, construction, and completion of elevated guideways, stations, a depot at PSR-A, and other associated structures. Gamuda expects the project to contribute positively to its revenue and earnings from the financial year ending July 31, 2025, until the project’s completion.