Construction work resumption deemed timely

“We are positive on the decision to allow construction works to resume following the one-month loss of billings brought about by movement control order (MCO) phases 1 and 2," said CGS-CIMB.

PETALING JAYA: The government’s decision to allow construction works to resume will help arrest cash flow issues and mitigate a worst-case risk of potential losses in the event of a prolonged stop work order, said CGS-CIMB.

In a sector report yesterday, the research house expects the resumption of works to be implemented in stages and to also benefit ongoing major infrastructure projects, including MRT 2 and LRT 3, which are largely undertaken by major rail contractors.