Construction comeback

Between the MRT 3 and HSR, Alliance DBS research felt that the more immediate project would likely be the MRT 3, as MRT 2 is already around 75% completed. The MRT 3/Circle Line is deemed vital in order to complete the loop and ensure ridership continues to grow, it said in a Sept 3 Market Strategy report.

PETALING JAYA: After suffering a setback as growth stalled because of the Covid-19 pandemic, the revival of some infrastructure projects to expedite economic recovery could see investor-interest returning to the construction sector.

The government is expected to announce its medium-term recovery plan next month, which may serve as a prelude to the potential approval of funding for projects in Budget 2021 in November and the 12th Malaysia Plan. “The short-term economic recovery or Penjana plan did not include any revival of mega construction projects, but this was not unexpected.