Prasarana Malaysia Bhd has a budget of RM1 billion for land acquisitions for the LRT3 project.
Prasarana group managing director Azmi Abdul Aziz said so far, the company has yet to spend the money from this allocation.
The company is currently on the lookout for land acquisitions.
Updating on the the LRT3 status, Azmi said the alignment process of the RM9 billion project is currently being finalised.
He said Prasarana, which oversees the project, is in the process of choosing the project delivery partners.
To date, the value of Prasarana assets — including landbanks, bus and train stations — are estimated to be in the region of RM15 billion.
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