No buzz in construction sector with ECRL revival
Malaysia successfully renegotiated the East Coast Rail Link project with China to reduce the construction cost to RM44 billion from the initial RM65.5 billion. – The Malaysian Insight pic by Nazir Sufari, April 16, 2019.
THE revival of the East Coast Rail Link project has not created much spark in an already muted construction sector as analysts remain cautious on the industry and stocks. They are still wary about the uncertainties involved in the project, especially on the status of contracts already awarded. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
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