MRT3 to bolster building sector

The MRT3’s three civil turnkey tenders, HLIB Research noted, could offer contracts valued at RM27bil.

PETALING JAYA: The mass rapid transit three (MRT3) project is expected to bolster the construction sector going forward despite the low number of contracts in the first half of the year, according to Hong Leong Investment Bank (HLIB) Research.

“We continue to expect recovery in flows this year mainly driven by the MRT3 rollout in December 2022,” the research house said in a report.