The station was opened in 2001 with a capacity of 100,000 passengers per day after development costing over RM1 billion, but now handles some 200,000 passengers daily.
KUALA LUMPUR (Oct 24): Negotiations over the redevelopment of major transport hub Kuala Lumpur Sentral are expected to be completed this year, paving the way for the project’s launch in 2025, said Transport Minister Anthony Loke Siew Fook. (pictured)
The project’s developer Malaysian Resources Corp Bhd (KL:MRCB) and the public-private partnership (PPP) unit under the Prime Minister’s Department are finalising terms for the privatisation of the redevelopment project, Loke said at a post-budget media briefing at the Pasar Seni Light Rail Transit (LRT) Station on Thursday.
“We hope the negotiations can be completed within this year — in the next two to three months,” he added. “Hopefully, we can launch the project by year end, or by early next year.”
KL Sentral is the country’s largest transit hub sprawling over 72 acres (29.14 hectares), housing various rail networks to provide direct links to the Kuala Lumpur International Airport, Putrajaya, and other key economic areas in the Klang Valley.
The station was opened in 2001 with a capacity of 100,000 passengers per day after development costing over RM1 billion, but now handles some 200,000 passengers daily.
The cost of the redevelopment, estimated at over RM1 billion, will be wholly borne by MRCB under the PPP project, and Loke has stressed that the government “will not give a single cent in terms of the construction cost”.
In return, MRCB will get the right to develop the space above KL Sentral as well as a mixed development on top or next to the station, he said, noting that the company will only be able to begin the mixed development after the station is completed.
The Cabinet approved the proposal to redevelop KL Sentral in August last year.
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