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From an initial estimate of US$4.6bn to the current estimate of US$6.7bn (RM27.3bn) and counting – a huge cost overrun for Hawaii’s 20-mile (32.2km) elevated rail system.

The RM27.3bn price tag works out to a staggering RM847m/km and, when completed, it could be the most expensive transit system on a per capita basis in US history. And the Penang government wants an elevated LRT system.

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Photograph: The Malaysian Insider

The Penang transport masterplan, put out by SRS Consortium, has come up with projected ridership figures for the expensive elevated LRT from Komtar to Penang Airport. What is crucial is whether these ridership figures are realistic or inflated – for that will determine whether or to what extent the people of Penang will be saddled with operational losses.

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