Equity Analysis /
Malaysia

MY : Construction - MRT 3 speeds up with private sector funding

    Sharizan Rosely
    Sharizan Rosely

    Construction and Infrastructure

    CGS-CIMB
    14 April 2021
    Published by

    A hybrid funding model proposed for MRT 3 (10-30% of cost raised by the private sector), if successful, would allow for speedier implementation. MRT 3’s RM20bn-30bn total estimated cost would stretch over a 10-year period and focus on local contractors/suppliers. Tenders are to begin in Aug. Gamuda as the potential biggest beneficiary of MRT 3 (turnkey and tunnelling contractor roles). MRCB, IJM and WCT are potential MRT winners too.