MRCB–Theta Edge JV Wins RM3.03 Billion Penang Mutiara Line Systems Contract
MRT Corp has awarded the railway systems turnkey contract for the Penang Mutiara LRT Line to a joint venture between Malaysian Resources Corporation Berhad (MRCB) and Theta Edge Berhad. The contract, valued at approximately RM3.028 billion, represents a major procurement milestone for Penang’s first light rail transit system and enables railway systems design and delivery
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