LPT3’s winning bidder will foot the bill, Works Ministry expects the cost to top RM10b
KUALA LUMPUR, Nov 11 — The government has not proposed a hybrid financing model for the East Coast Expressway Phas...
The government has decided to develop the East Coast Expressway Phase 3 (LPT3) through a public-private partnership (PPP) model, with the successful bidder responsible for the full construction cost. Deputy Works Minister Ahmad Maslan stated that a hybrid financing model, similar to the one used for the Penang Juru-Sungai Dua project, has not been proposed for LPT3.
This decision comes after considering the government's existing investments in major east coast transport infrastructure, such as the Kota Bharu-Kuala Krai Expressway and the Central Spine Road. The LPT3 construction cost is expected to exceed RM10 billion, with the project's alignment running from Kampung Gemuruh in Terengganu to Tunjong in Kelantan.
Brief written by urgent.news from Malay Mail's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
