News about MRT

KUALA LUMPUR (Nov 21): The upcoming appointment of a project delivery partner (PDP) for Malaysia’s portion of the KL-Singapore High Speed Rail (HSR) is seen as a “positive surprise” for Malaysian contractors, said CIMB Research today.

IJM Corp Bhd (Nov 14, RM3) Upgrade to buy with an unchanged target price (TP) of RM3.

KUALA LUMPUR (Nov 13): Mass Rapid Transit Corp Sdn Bhd (MRT Corp) expects to kick off construction of the third mass rapid transit line (Line 3) — estimated by analysts to cost around RM40 billion — by as early as the third quarter of year 2019, according to its chief executive officer Datuk Seri Shahril Mokhtar.

KUALA LUMPUR (Nov 13): Malaysia's planned Klang Valley Mass Rapid Transit Line 3's (MRT3) actual project cost is more important than its financing expenses because a more expensive project with cheaper financing will still cost more for the government to build.

KUALA LUMPUR (Nov 10): Financing is the key consideration for the Mass Rapid Transit Corp Sdn Bhd concerning the construction of the mass rail transit line 3 (MRT3), where the criteria for its lead contractor have been said to be out of reach of local players.

Gamuda Bhd (Nov 8, RM4.

KUALA LUMPUR (Nov 8): Gamuda Bhd shares rose 0.

KUALA LUMPUR (Nov 7): Analysts have expressed mixed views on the proposal by Mass Rapid Transit Corp Sdn Bhd (MRT Corp) to call and invite construction and infrastructure firms to submit for a bid to build, on a turnkey basis, and finance the upcoming third mass rapid transit line (MRT3), estimated to cost around RM40 billion.

KUALA LUMPUR (Nov 6): Mass Rapid Transit Corp Sdn Bhd (MRT Corp) has invited local construction and infrastructure development firms to participate in the tender process to build, on a turnkey basis, and provide financing for the upcoming third mass rapid transit (MRT3) line, which analysts have estimated to cost between RM35 billion and RM40 billion.

KUALA LUMPUR (Oct 30): When Econpile Holdings Bhd listed its shares at 54 sen apiece back in June 2015, few would expect its share price to rise near sixfold to its current level.