Analysts ‘positive’ on govt’s pledge on projects


However, the research firm said it understood that certain critical works, which include tunnelling jobs, will be exempted from the freeze order due to safety reasons. On this note, Gamuda Bhd’s MRT2 tunnelling works is expected to continue, it said.(Filepic MRT2 construction in progress.)

PETALING JAYA: The government’s pledge to expedite major infrastructure projects, including the East Coast Railway Link Project (ECRL) and the Mass Rapid Transit Line 2 (MRT2), has provided a much-needed certainty on project continuity following a power transition in early March.

But while this is reassuring, some feel that there were no added catalysts for listed construction players under the RM250bil economic stimulus package to soften the impact of Covid-19, which was announced on Friday.

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