KUALA LUMPUR: The government will award Bumiputera contractors with 45 per cent of the RM9 billion Light Rail Transit 3 (LRT3) project in the Klang Valley.
Prime Minister Datuk Seri Najib Razak in announcing this said the move came under an initiative called "Carve Out and Compete."
He said business opportunities in the LRT3 project were made possible through co-operation of Prasarana Malaysia Bhd and George-Kent as "project delivery partner" and support from Bumiputera Agenda Steering Unit (Teraju) and agencies under the Works Ministry.
"I am proud with all quarters in implementing this 'Carve Out and Compete' initiative," he said at the RM5 million cheque presentation ceremony for additional education fund to Bumiputera Dealers' Representative Education Fund at the Parliament building today.
Earlier, Najib attended a closed-door meeting of the Bumiputera Economic Council.