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 now and receive FREE sooka plan for 1 month.
T&C applies.

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

GREEN GROWTH PLAN
Maxis 3Q24 profit up 28%
Better for ringgit to rise gradually rather than skyrocket
Short-term pain, long-term gain
BiiB makes big strides in running
Lane 23 rhythm of the night
Westports quarterly earnings grow on transhipment business
99 Speed Mart 3Q numbers driven by outlet expansion
Bonds that entice
A year-end to savour

Others Also Read