MRT3 unlikely to be affected by austerity bid

Analysts expect tender process to proceed, (File pic an MRT train in KL.)

PETALING JAYA: The government’s plan to delay the rollout of new projects as a result of an austerity drive will cut the pipeline of projects for the construction industry in the second half (2H) of this year.

CGS-CIMB Research said the move, if followed through, would indicate that the pre-election rollout of contracts might not materialise should a general election be called in the fourth quarter or early 2023.