Minimal impact from revised LRT3 project on Gabungan AQRS

Although Gabungan AQRS Bhd will be affected by a “scaled down” version of the Light Rail Transit 3 (LRT3), the impact on the company’s overall order book will likely be minimal.

According to its vice-president for strategic planning & investment, Ridhwan Effendy, the mid-cap construction and property development company will likely see a reduction of only RM100mil in its orderbook, following the cancellation of the Temasya station, which is one of the five aborted under the revised version of the LRT3 project.