LRT3 set to boost MRCB’s earnings

KUALA LUMPUR (Sept 8): Malaysian Resources Corp Bhd (MRCB) expects to see a surge in its earnings by 28% for financial year ending Dec 31, 2016 (FY16) contributed by the RM9 billion light rail transit Line 3 (LRT3) project, the digitalEdge DAILY reported today.

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Three outfits said to be on shortlist for LRT3 PDP

KUALA LUMPUR (June 22): Three outfits — a joint venture between Naza TTDI Sdn Bhd and China’s CSR Zhuzhou Electric Locomotive Co Ltd (Naza TTDI- CSR Zhuzhou JV), a partnership involving Malaysian Resources Corp Bhd (MRCB) and George Kent (M) Bhd (MRCB-George Kent JV), and UEM Group Bhd — are understood to be the front runners for the role of project development partner (PDP) in the proposed RM9 billion third light rail transit line (LRT3).

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MRT2, LRT 3 to boost properties and landbank, says AffinHwang

KUALA LUMPUR (May 18): AffinHwang Capital Research has maintained its “Neutral” rating on the property sector and said the RM25 billion Klang Valley Mass Rapid Transit Line 2 (MRT2) and RM9 billion Light Rail Transit Line 3 (LRT 3) would spur the construction sector (Overweight) growth.

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