United News International (UNI)- Malaysian Finance Minister Lim Guan Eng announced Thursday, July 12 that the third Light Rail Transit project would continue with half of the original budget.

The 37 km-long LRT3 will connect Bandar Utama on the outskirts of the capital to Klang and has a current budget of RM16.6 billion.

The project has also pushed back its completion date from 2020 to 2024 in order to further reduce construction costs.

A 2km tunnel and an underground station at Persiaran Hishamuddin, Shah Alam, will be also cancelled as a result.

The cost savings will reduce the amount of taxpayer money used for the project.

The new rail line is expected to serve over two million people and can carry 36,700 people per hour both ways.