MRT3 Reported to Drive Economy and Construction Sector
“The KL-Singapore High Speed Rail (HSR) and Mass Rapid Transit Line 3 (MRT3) will be significant projects to drive the economy from 2021, and the research house expects Gamuda to have a role in both.” – The Star Online
With the HSR and MRT3 mega projects becoming a possibility, research experts have predicted that 2021’s economy can be rescued from its current situation.
In a recent article published in The Star Online, it is reported analysts shared that the construction industry has improved significantly during the Recovery Movement Control Order (RMCO). However, there is still an absence in rerating.
At the moment, TA Research is reassessing the valuation and keeping an eye on the underweighted areas of the construction sector should any mega infrastructure projects be greenlighted.
Researchers and analysts also agree that approved mega infrastructure projects like the MRT3 or also known as Circle Line is the best way to achieve better economic growth with lesser risk. The afterglow will only be felt when these enormous projects are rebooted to stimulate the economy since the Covid-19 pandemic.
As the full opening of MRT Putrajaya Line is expected by January 2023, analysts and researchers say that the MRT3 is seen to be the project that is highly likely to be approved and implemented in the foreseeable future to ensure continuity of the MRT projects, and minimise demobilisation and mobilisation costs of construction machinery and highly-skilled tunnelling experts.
In other news reports, we have been making way down under where we’ve been shortlisted for two significant Australia projects with a winning probability of 67% and 33% respectively – one metro (Sydney Metro West) and one motorway project (M6 Stage 1).