Surge in contracts from govt and private sector


OVER the last one week, a number of public-listed companies have announced contract wins. The surge is noticeable, considering that things had seemingly slowed down since the formation of the new government.

The contracts are worth a total of RM4.65bil and are a mixture of government, Petroliam Nasional Bhd and private-sector contracts.

The contract announcements can be divided into two broad categories. The first is by those who have won private-sector contracts so it could be a contractor to a private developer working on its own project.

The other category is government contracts, which is the more controversial one.

Consider the case of the Gemas-Johor Baru electrified double-track rail contract. The RM12.4bil contract had been awarded in October 2016 to a Chinese consortium.

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Construction , Pakatan , contracts , government