Mega projects can put construction back on track

StarBiz reported on Monday that among infrastructure projects in the pipeline, the revival of MRT3 and HSR appear imminent.

PETALING JAYA: The revival of infrastructure projects such as the Mass Rapid Transit Line 3 (MRT3) and the KL-Singapore High Speed Rail (HSR), should they happen soon, could provide a ray of light amid the gloomy outlook for the construction sector.

Analysts said that while sentiment for construction has improved with the reopening of the economy, there is an absence of a re-rerating catalyst. According to TA Research, the Bursa Malaysia Construction Index remains depressed, closing at 163.29 points on Monday.