By Farah Wahida:
The multi-billion rail projects implemented by the federal government will proceed as planned thanks to the BN’s victory at the 13th general election, reported The Star.
“The (construction) sector will now steer clear of potential radical changes proposed by the Pakatan Rakyat coalition that could have hurt earnings and fundamentals including a review of MRT-related contracts and abolition of toll roads,” said RHB Research.
“The risks of cancellations, changes to terms and scopes of MRT-related contracts are now greatly reduced.” In addition, more rail-related projects are due to be awarded later this year, noted the research unit.
Rail infrastructure projects that are still in the pipeline include Gemas-JB electrified double-tracking project, the Singapore-Kuala Lumpur high-speed rail (HSR), a light rail transit (LRT) extension between Port Klang and Petaling Jaya, as well as the two remaining lines of the mass rapid transit (MRT) network. Currently, the RM7 billion LRT extension and the RM23 billion Sungai Buloh-Kajang MRT project are ongoing in the Greater Kuala Lumpur area.
“Now, we can continue to work and support the Government as well as carry on with the transformation programme for the benefit of the people and country,” said Datuk Azhar Abdul Hamid, CEO of MRT Corp.
The public should expect more news on the proposed line 2 and 3 of the MRT project in the coming weeks or months, added Azhar.
Meanwhile, Syarikat Prasarana Negara will continue to enhance the quality of public transportation, said its Group Managing Director Datuk Shahril Mokhtar.
On the LRT line between Petaling Jaya to Port Klang, Prasarana had recently embarked on studies which are due to be completed in six months. After that, results will be given to SPAD so that they can conduct a more detailed feasibility study.
The multi-billion rail projects implemented by the federal government will proceed as planned thanks to the BN’s victory at the 13th general election, reported The Star.
“The (construction) sector will now steer clear of potential radical changes proposed by the Pakatan Rakyat coalition that could have hurt earnings and fundamentals including a review of MRT-related contracts and abolition of toll roads,” said RHB Research.
“The risks of cancellations, changes to terms and scopes of MRT-related contracts are now greatly reduced.” In addition, more rail-related projects are due to be awarded later this year, noted the research unit.
Rail infrastructure projects that are still in the pipeline include Gemas-JB electrified double-tracking project, the Singapore-Kuala Lumpur high-speed rail (HSR), a light rail transit (LRT) extension between Port Klang and Petaling Jaya, as well as the two remaining lines of the mass rapid transit (MRT) network. Currently, the RM7 billion LRT extension and the RM23 billion Sungai Buloh-Kajang MRT project are ongoing in the Greater Kuala Lumpur area.
“Now, we can continue to work and support the Government as well as carry on with the transformation programme for the benefit of the people and country,” said Datuk Azhar Abdul Hamid, CEO of MRT Corp.
The public should expect more news on the proposed line 2 and 3 of the MRT project in the coming weeks or months, added Azhar.
Meanwhile, Syarikat Prasarana Negara will continue to enhance the quality of public transportation, said its Group Managing Director Datuk Shahril Mokhtar.
On the LRT line between Petaling Jaya to Port Klang, Prasarana had recently embarked on studies which are due to be completed in six months. After that, results will be given to SPAD so that they can conduct a more detailed feasibility study.
No comments:
Post a Comment