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.
KUALA LUMPUR (Aug 30): Kimlun Corp Bhd's net profit rose 36.
KUALA LUMPUR (Aug 14): Vertice Bhd’s wholly-owned unit Vertice Construction Sdn Bhd has bagged two contracts worth a combined RM22 million for works on the Mass Rapid Transit Sungai Buloh–Serdang–Putrajaya (SSP) Line, also known as MRT2.
KUALA LUMPUR (May 9): MMC Corp Bhd had submitted a proposal to revise the Mass Rapid Transit 3 (MRT3), which is also known as the Circle Line, to the government at the end of last year, said the group's managing director Datuk Seri Che Khalib Mohamad Noh (pictured).
KUALA LUMPUR (May 4): Putrajaya and Gamuda Bhd “are understood to have been in talks” about reviving Mass Rapid Transit Line 3 (MRT3) at a much lower price, reported The Edge Malaysia.
PETALING JAYA (April 15): The long-abandoned RM400 million Putrajaya rail link is highly likely to be revived, a source was quoted today.
KUALA LUMPUR (April 5): Mass Rapid Transit Corp Sdn Bhd (MRT Corp) and Cyberview Sdn Bhd had on Wednesday (April 3) signed a mutual agreement to enable the construction of an MRT station for the MRT Sungai Buloh–Serdang–Putrajaya Line within the Cyberjaya City Centre.