YESTERDAY’S (March 15) unveiling of five turnkey contract packages for grabs for the Mass Rapid Transit Line 3 (MRT3) project – four construction contract packages and one project management contract – is a timely shot in the arm for the muted construction sector where most firms are all dressed up with nowhere to go in recent years.
The four construction packages comprise two packages for elevated works, one for underground works and one for the integrated rail system. The tender process will begin in May with successful bidders re expected to be awarded in 4Q CY2022.
MIDF Research expects the MRT3 project to keep construction players busy for the next eight years until 2030 with strong order book replenishments while providing them with earnings visibility……
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Source: FOCUS
