Bumi contractors to get 45pc of LRT3 contracts
KUALA LUMPUR: Qualified Bumiputera contractors stand to get about RM4 billion worth of projects in the development of the Light Rail Transit 3 (LRT3) in the Klang Valley here.
Prime Minister Datuk Seri Najib Razak said the amount was 45 per cent of the RM9 billion total cost of the LRT3 project.
He said the award for Bumiputera contractors would be based on merit and come under an initiative called “Carve Out and Compete”, which is run by the Bumiputera Agenda Steering Unit (Teraju).
“They will not be distributed on whim and fancy,” he said at the presentation of a mock cheque of RM5 million from Capital Market Development Fund to Bumiputera Dealer’s Representative Education Fund at Parliament here yesterday.
Najib said the initiative provided opportunities to Bumiputera entrepreneurs to progress and be competitive.
“The LRT3 is a national infrastructure project, which is expected to create a big impact on the Klang Valley.
“In tandem with this, Bumiputera companies should be empowered with an equal opportunity to raise their capacity and competence,” he said.
Najib said under the LRT3 project, Bumiputera contractors from grades G2 to G7 could participate in various components, including systems and civil works, construction of flyovers and train stations, and the supply of building materials.
He said this was the decision reached at the Bumiputera Economic Council’s meeting, which he chaired earlier yesterday.
He said the business opportunities in LRT3 were the result of cooperation of Prasarana Malaysia Bhd and George-Kent as a “project delivery partner”, and support from Teraju and agencies under the Works Ministry.
“I am proud of all quarters involved in implementing the ‘Carve Out and Compete’ initiative. I have been told that the initiative has attained a value of RM50.8 billion through various mega projects which have been identified.”
For example, Najib said the total projects for Bumiputera contractors in the Mass Rail Transit Line 1 and 2 exceeded 45 per cent, or RM22.4 billion.
As for the Sarawak Pan Borneo Highway, Bumiputera companies were awarded RM8 billion worth of works, or 53 per cent of the total value of the project.
Prime Minister Datuk Seri Najib Razak chairing the Bumiputera Economic Council’s meeting in Kuala Lumpur yesterday. With him is Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.