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Dr Mahathir: MRT 3 project scrapped

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Prime Minister Dr Mahathir Mohamad today announced that the MRT circle line project, or MRT3, will be scrapped.
The announcement came two days after Mahathir confirmed that the Kuala Lumpur-Singapore High-Speed Rail (HSR) project will be terminated.
It was previously estimated that the MRT3 would cost between RM40 billion and RM50 billion.
The circle line project was intended to link up the completed MRT1 running from Sungai Buloh to Kajang and the ongoing MRT2 running from Sungai Buloh to Putrajaya.
The MRT3 was to have used a different financing model compared to the MRT1 and MRT2, which would require the contractor to seek its own financing.
This had put conglomerates from China as frontrunners, including China Communications Construction Company (CCCC).
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