Najib Razak said the Cabinet yesterday (Friday) approved the implementation of a mass rapid transit system for Kuala Lumpur.
It is the largest infrastructure project in Malaysia and is one of the economic entry points identified in the Greater Kuala Lumpur/Klang Valley National Key Economic Area under the Government’s Economic Transformation Programme.
Construction work to begin in July next year, is scheduled to be completed in about five or six years.
The MRT is expected to improve public transport in the Klang Valley and generate 130,000 jobs during its construction.
It is also expected to generate gross national income of between RM3bil and RM4bil per annum from 2011 to 2020 from direct construction and operations and another RM8bil and RM12bil as a result of its multiplier impact.