ALTHOUGH the deferment of the RM14.5bil electrified double-tracking railway project in mid-December may have dampened sentiment in the construction sector, the investment community sees priority and essential projects, albeit on a smaller scale, helping to drive the sector.
CIMB Securities Sdn Bhd expects the sector to grow at a stronger year-on-year rate of 3.5%, compared with 2% in 2003, supported by the acceleration of construction works awarded in 2003, expected commencement of the RM1bil national sewerage project this year, and also new and crucial projects expected to be awarded in the first half of the year.
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