The RM15bil Budget 2021 allocation for mega projects have been earmarked for the Mass Rapid Transit Line 3 (MRT3), Gemas-Johor Double Tracking Project, Rapid Transit System from Johor Baru to Woodlands, the Klang Valley First Phase Double Tracking Project and Pan-Borneo Highway.
SHARE prices of local steel companies have rallied over the past week, on the back of select companies performing well in the third quarter of the year and expectations of more construction activity to come.
As highlighted in the Economic Outlook Report 2021, the construction sector is poised to grow an estimated 13.9% next year from an 18.7% contraction in 2020, to be driven by the acceleration and revival of major infrastructure projects, as well as affordable housing projects.
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