00:00 On 22 March 2024, last Friday,
00:04 the Minister of Finance has approved the project of LRT project
00:08 through the Port of Penang.
00:10 Officially, the government has decided to appoint MRT Corp,
00:16 a 100% owned by the Minister of Finance,
00:20 MOF Inc., as the developer and owner of the asset,
00:25 to be the LRT project of Port of Penang.
00:30 The project is divided into three main components,
00:34 as shown here.
00:36 First, the contract for the civil construction
00:40 for the first segment, the Silicon Island route to Komtar.
00:45 SIS Konsortium Sendiran Bahat will be awarded this contract
00:50 through the Single Sourcing Request for Proposal mechanism.
00:54 This award is based on the request of the Government of Penang
00:57 which has appointed SIS Konsortium as a fellow project manager
01:02 or project delivery partner to the Port of Penang PTPMP transport plan
01:08 which includes the LRT Butiara route through an open tender
01:12 in August 2015.
01:15 SIS Konsortium has also carried out technical studies
01:19 and they are a form of supervision,
01:21 as well as the approval of the environmental impact assessment,
01:24 social impact assessment and the train scheme.
01:28 All these efforts have been paid in advance by SIS Konsortium.
01:33 The relevant contract and proofs are related
01:37 to the audit process between MRT Corp and SIS
01:42 which must be completed within six months.
01:46 Second, the contract for the civil construction for the second segment
01:51 which is the route from Komtar to Penang Central
01:54 is through an open tender.
01:57 Third, the contract for the maintenance of system and rolling stock
02:03 through the open tender.
02:12 In addition, the construction of the depot operation
02:17 or operations depot will be designed and built together
02:21 with a joint development project to orientate the TOD transit
02:25 at the Pesta dam in Dibong River
02:28 in the same effort between MRT Corp and the Government of Penang.
02:34 This new strategy aims to generate non-fair revenue
02:39 and to invest it in the operation of MRT Penang in the future.
02:46 With the decision of the Minister,
02:49 the Government of Penang will officially take over
02:53 the MRT transit project from the Government of Penang.
02:57 The Government will consider the appropriate funding
03:00 for the project,
03:01 either through development allotments
03:04 or other appropriate funds
03:06 determined by the Ministry of Finance.
03:09 The MRT transit route will start from Silikon Island to Komtar
03:14 and then cross to Penang Central in Seberang Prai
03:18 to connect to the KTM commuter train network and ETS.
03:26 The distance of the route is estimated to be about 29 km
03:30 with 20 stations,
03:32 including two interchange stations,
03:34 namely Komtar and Penang Central.
03:39 The construction work of the MRT transit project
03:44 is estimated to start this year.
03:47 We estimate that in six months,
03:50 the construction work with the SIS Kosotiem can be completed.
03:54 After that,
03:56 the physical work can start as early as the fourth quarter of this year.
04:02 The implementation of the project is expected to take about six years
04:08 and is expected to be operational in 2030.
04:12 I am convinced that this project is not only beneficial to the people of Penang,
04:16 but also facilitates the repeated journey of work from the police,
04:20 police station and North Perak
04:21 every day with the convergence with the KTMB network.
04:25 Thank you.
04:27 For more information, visit www.fema.gov.uk/covid19
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