Value seen in MMC despite Pan Borneo Highway uncertainty
CONGLOMERATE MMC Corp Bhd 
, which lost nearly RM4bil in market capitalisation over the past two years, has come under the spotlight again.
Investors are closely monitoring MMC Corp following recent news flow on the possibility of the federal government ditching the project delivery partner (PDP) model for the RM29bil Pan Borneo Highway, in favour of a turnkey contractor model.
According to Deputy Works Minister Mohd Annuar Tahir, a “firm and final” decision on the Pan-Borneo Highway is expected to be made by the end of this month.
If the federal government goes ahead with the model-change, this will mark the second time for MMC Corp to be affected by the government’s shift away from PDP towards turnkey contractor.
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