KUALA LUMPUR (Jul 28): Prasarana Malaysia Bhd will give its full cooperation to the Malaysian Anti Corruption Commission (MACC) and other agencies investigating any element of corruption and abuse of power in the Light Rail Transit Line 3 (LRT 3) project, it said in a statement today. 

Commenting on a report that MACC is conducting investigations on Prasarana's board of directors and top management from 2014 to 2017 as well as consultants, contractors and project delivery partners (PDP) involved in the LRT3 project, it said its board and management view any wrongdoing affecting the organisation's integrity and reputation seriously. 

It added that it will cooperate fully with the authorities in any investigations involving Prasarana. 

On July 10, Finance Minister Lim Guan Eng revealed that the projected total cost of the LRT3 project had spiralled to a whopping RM31.45 billion from the original estimate of RM9 billion when the project was launched in 2015, blaming it on Prasarana’s poor management.

Guan Eng also revealed that Prasarana sought an additional financing of RM22 billion in the form of government guarantees on March 30, on top of the initial RM10 billion granted in 2015 to finance the project.

On July 12, Lim said the government agreed that the project would continue, but at a much lower cost of RM16.63 billion and a reduced size.