“Our immediate focus would be the status of the RM3.3bil allocated for the MRT3 Circle Line (RM32bil total value). We expect more clarity during the re-tabling of the budget, likely in the first quarter of next year, says CGS-CIMB Research.
PETALING JAYA: Analysts are hoping for more clarity on the status of large infrastructure projects under the proposed Budget 2023, after the government suspended funds for flood mitigation projects pending a review.
According to CGS-CIMB Research, the suspension and review of the RM7bil flood mitigation projects may cause a dent in the construction sector as other projects like the Mass Rapid Transit 3 (MRT 3) Circle Line may suffer the same fate.
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