Six mega projects may be rolled over into Budget 2021


In a note, CGS-CIMB Research said the projects included the Kuala Lumpur-Singapore High-Speed Rail (HSR), which is expected to cost RM68bil, and the Mass Rapid Transit Line 3 or MRT3 (RM45bil).

KUALA LUMPUR: Six mega-projects worth RM143.06bil, announced under Budget 2020, may potentially be rolled over into the upcoming budget given the delays and tender disruptions caused by the Covid-19 pandemic and the movement control order, CGS-CIMB Research said.

In a note, the research house said the projects included the Kuala Lumpur-Singapore High-Speed Rail (HSR), which is expected to cost RM68bil, and the Mass Rapid Transit Line 3 or MRT3 (RM45bil).

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Budget 2021 , mega projects , High Speed Rail , HSR , MRT 3 ,

   

Next In Business News

Radium’s net profit up to RM4.8mil in 3Q
7-Eleven’s quarterly revenue climbs
SimeProp seeks quality assets for recurring income
Lower interest costs buoy TSH nine-month showing
Zetrix a profit driver for MyEG Services
NFO segment to sustain Sports Toto’s earnings
Thong Guan spreading its wings to Europe, America
Hap Seng bottom line in four-fold rise
Mixed views on PetChem on higher interest expense
No new impetus seen for JETP under Trump

Others Also Read