“Since the renegotiation with the government to change the project structure from project delivery partner model to ‘fixed price contract’ basis in January 2019, there have been little developments on the outcome of its review with work package contractors for the previously awarded contracts, as works were initially targeted to resume in the fourth quarter of 2019, ” Kenanga Research said in a report.
PETALING JAYA: The slow construction work progress of the RM11.4bil LRT3 project, which George Kent (M) Bhd
has a 50% stake in, could take a toll on the group’s earnings performance.
Kenanga Research said works were supposed to commence by the fourth quarter of this year.
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