Upcoming Budget 2020 expected to boost construction job growth

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).

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George Kent, MRCB in LRT3 funding dispute

KUALA LUMPUR (Aug 14): A dispute has arisen between George Kent (Malaysia) Bhd and Malaysian Resources Corp Bhd (MRCB) over financing requirements for their joint-venture (JV) company that is undertaking the construction of the Light Rail Transit Line 3 (LRT3).

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Prasarana chief’s tenure may be cut short — sources

KUALA LUMPUR (July 26): Prasarana Malaysia Bhd president and group chief executive officer (CEO) Masnizam Hisham (pictured) may see her three-year tenure cut short as she is said to be leaving the company amid criticism from lawmakers that it had caused the cost of the light rail transit line 3 (LRT3) project to balloon.

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Najib aware of LRT3's exact cost — Guan Eng

KUALA LUMPUR (July 20): Former Prime Minister Datuk Seri Najib Razak (pictured) is well aware that the actual cost to build the 37km Light Rail Transit Line 3 (LRT3) is RM32 billion as he had been present at relevant meetings to discuss the project, Finance Minister Lim Guan Eng reiterated today.

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