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MRT Corp awards RM2.69 billion contract for Penang LRT cross-sea extension to joint venture.

Nov 06, 2026

Contract Type

contract

PenangTransportationGovernment

Description

MRT Corp has awarded a RM2.69 billion contract to a joint venture led by China Communications Construction Company for the construction of the Penang LRT cross-sea extension. This project will directly connect Penang Island to the mainland, significantly improving travel options across the Penang Strait.

Company Information

Company

MRT

Location

Penang, Malaysia

About

MRT Corp is a government-owned company tasked with implementing the Mass Rapid Transit system in Malaysia. They focus on developing efficient and sustainable mass transit solutions to improve urban mobility. The company plays a key role in enhancing public transportation infrastructure in Malaysia.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.