Green shoots of construction revival
Getting back on track: The construction sector is still in a state of flummox, there will be a lot of re-tendering. It will take time to come back on track.
A slew of contracts is given out, but is it enough to spur the sector?
AFTER a roller-coaster year that saw many reviews and cancellations of major local infrastructure projects following a change in government control, some green shoots have started to sprout within the sector.
Just yesterday, a resolution to the multi-billion-ringgit light rail transit three (LRT3) project seems to have been secured with a new contract signed between government agency, Prasarana Malaysia Bhd, and the main contractors. Similarly, reports had emerged that the government had cancelled another mega-project, the East Coast Rail Link (ECRL), which was previously given to a Chinese party. It is said that this project now will be dished out to local players.
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