Road to Recovery and Revival
It is without a doubt that the Covid-19 pandemic has caused many infrastructure projects in the construction industry a significant setback in the last few months. To facilitate and expedite economic recovery, the revival of some infrastructure projects is vital to welcome the investors’ interests back to the construction sector.
As we await the government’s announcement on its medium-term recovery plan in October, we are optimistic about the potential approval of funding for infrastructure projects like the Mass Rapid Transit Line 3 (MRT3) and KL-Singapore High Speed Rail (HSR) in Budget 2021 in November and the 12th Malaysia Plan.
With the MRT Putrajaya Line’s final tunnel boring machine (TBM) breakthrough at the Ampang Park MRT station in July, research firms are confident that MRT 3 would likely be the more immediate project to be approved for construction. The MRT 3 or Circle Line is what is needed to complete the loop to bridge connectivity gaps which will ensure an increased number in ridership.
With the country seeing increased job losses in the last few months, we believe that the medium-term recovery plan is crucial as it is vital in creating more job opportunities which will add on to our economic recovery. It is mega projects like aforementioned that will provide an instrumental boost to the local economy.
As we advance towards Q3, we are indicating more improvement as the nation’s circumstance normalises during this recovery MCO period. Since most project sites resumed with construction activities in May, we have learnt to adapt to the new normal and continuously improve our health and safety standards without compromising the efficiency of our staff and workers on-site.
Overseas, our joint venture with Laing O’Rourke – we were shortlisted for the first stages of the A$20 billion (RM60.48 billion) Sydney Metro West project. The Gamuda Australia-Laing O’Rourke Australia JV is one of three successful consortia shortlisted for the project’s first two major tunnelling packages and if all goes well, the project would be our most extensive in Australia.