PETALING JAYA: The revival of the East Coast Rail Link (ECRL) project is set to benefit local rail-based construction players, create a spillover effect for local port operators and potentially open up corridors for property development routes.

AllianceDBS Research in a report yesterday said contractors with urban rail-based experience would benefit the most - in particular those that have done work for the local double-tracking project.

“They include Gamuda Bhd , IJM Corp Bhd , MMC Corp Bhd and WCT Holdings Bhd ,” it said, adding that the contractor which the market perceives to be the most direct proxy to the ECRL would be Gabungan AQRS Bhd .

“This is because of its established relationship with the Pahang state government, coupled with its majority shareholding in the master developer for the Kota SAS new state administrative centre, which may house an ECRL station.”

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