Revived projects seen encouraging for MRCB
Malaysian Resources Corp Bhd (Aug 5, 86 sen) Maintain buy with an unchanged target price (TP) of RM1.
ECRL committee shortlists 331 potential bidders for 4Q tender call
KUALA LUMPUR (Aug 2): A total of 331 out of 1,321 Malaysian construction companies have been shortlisted as potential tenderers for civil work packages of the planned RM44 billion 640-km East Coast Rail Link (ECRL), which is expected to link Kota Bharu to Putrajaya in about four hours, said project and asset owner Malaysia Rail Link Sdn Bhd (MRL).
Scomi gets RM122m KL Monorail project
KUALA LUMPUR (June 24): Scomi Group Bhd said today Scomi Transit Projects Sdn Bhd (STP) and Prasarana Malaysia Bhd (PMB) had signed an agreement involving the design, manufacture, completion and delivery of seven four-car vehicles for the KL Monorail for RM122 million on Friday (June 21).
Three sets of monorail trains to be delivered by Aug 16, says transport minister
KUALA LUMPUR (June 11): The refurbishment of three sets of monorail trains will be completed, and the train sets are expected to delivered by Aug 16 this year, says Transport Minister Anthony Loke.
No decision yet on ECRL’s bumiputera quota
PUTRAJAYA (May 28): Prime Minister Tun Dr Mahathir Mohamad said the government had yet to decide on imposing a bumiputera quota on the civil works that are reserved for local contractors in the East Coast Rail Link (ECRL) project.
Mida sets up dedicated team to promote development along ECRL project
KUALA LUMPUR (May 16): The Malaysian Investment Development Authority (Mida) has established a dedicated team to promote the development of industrial parks, infrastructure, logistics hub and transit-oriented developments along the East Coast Rail Link (ECRL) project.
Govt hires consultants to revise HSR project
KUALA LUMPUR (May 10): MyHSR Corp Sdn Bhd, the Malaysian project delivery vehicle of Kuala Lumpur-Singapore high-speed rail (KL-Singapore HSR) project, yesterday called for a tender to appoint a commercial advisory consultant (CAC) for the project review exercise.
Bursa chief sees ECRL, Bandar Malaysia as market catalysts
KUALA LUMPUR (April 30): Recent announcements such as the East Coast Rail Link (ECRL) and Bandar Malaysia projects’ revival will serve as a catalyst that will stimulate the broader equity market, said Bursa Malaysia Bhd chief executive officer Datuk Muhamad Umar Swift.
‘Revival of megaprojects shows govt is more business-minded’
KUALA LUMPUR (April 30): The revival of mega infrastructure projects such as the East Coast Rail Link and Bandar Malaysia development is a sign that the government is turning its attention towards growing business activity, according to Rakuten Trade.
Malaysia signs framework agreement to reinstate the revival of Bandar Malaysia
BEIJING (April 25): Malaysia has signed a framework of agreement with China this afternoon to revive the former's Bandar Malaysia project — the massive real estate development at the former air-base near Sungai Besi.
