MRT3 gives earnings visibility cheer to firms

MIDF Research said this will keep construction players busy for the next eight years until 2030 with strong order book replenishment, whilst providing them with the earnings visibility.CGS-CIMB Research said Gamuda Bhd will likely be the frontrunner for the MRT3 project. (File pic shows Gamuda workers training in tunnelling.)

KUALA LUMPUR: The Mass Rapid Transit 3 (MRT3) Circle Line project, which now has a price tag and timeline attached to it, is set to provide the muted construction industry with much needed clarity and direction.

It was announced on Tuesday that the MRT3 project will have an estimated cost of RM31bil and be fully operational by 2030.