KUANTAN (Nov 19): The state government has started the process of acquiring land for the East Coast Rail Link (ECRL) project in the state on Oct 30, after it was postponed on July 3, the Pahang state legislative assembly was told today.
KUALA LUMPUR (Nov 19) Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank) has allocated RM1 billion in financing especially for local contractors appointed for civil works packages of the East Coast Rail Link (ECRL) project.
KUALA LUMPUR (Nov 6): Gadang Holdings Bhd said it intends to participate in the open tender process for the three Pan Borneo Sabah packages — worth RM925 million — to be awarded next year, besides having submitted bids for some RM1 billion worth of construction jobs.
PORT KLANG (Oct 23): Alignment for the proposed 640km East Coast Rail Link's (ECRL) section C, which links Mentakab in Pahang to Port Klang in Selangor, has been finalised.
KUALA LUMPUR (Oct 14): AmInvestment Bank Bhd has maintained its "underweight" call on Gamuda Bhd at RM3.
KUALA LUMPUR (Oct 11): Malaysia's real gross domestic product (GDP) is expected to grow by 4.
IPOH (Oct 11): The Transport Ministry has allocated a gross development value (GDV) of up to RM5 billion for the Ipoh Train Station Integrated Development project which was launched at the train station yesterday.
Construction sector Maintain neutral: We expect the upcoming Budget 2020 announcement on Oct 11 to prioritise public transport projects but limited to those already awarded, revised and approved: Light Rail Transit Line 3 (LRT3), Mass Rapid Transit Line 2 (MRT2) and East Coast Rail Link (ECRL).
KUALA LUMPUR (Oct 4): The East Coast Rail Link (ECRL) — which is anticipated to have a civil works subcontract value of RM9 billion to RM11 billion — is likely to be the only source of immediate new order book for contractors in the upcoming Budget 2020 despite timing risks for new contract awards, says CGS-CIMB Research.