PETALING JAYA: Local contractors could secure between RM8.8bil and RM11bil in civil work contracts from the RM44bil East Coast Rail Link (ECRL), which is set to be relaunched at the end of the month.

CGS-CIMB Research also expects that tenders for the project could be announced by the end of the third quarter, with initial awards dished out in the following quarter, at the earliest.

As civil works typically make up 50% to 60% of total projects costs, the research house estimated that the total value of civil works for the ECRL would be between RM22bil and RM26bil.

Using this value range to estimate the 40% portion reserved for local contractors, the research house arrived at a total addressable tender value of between RM8.8bil and RM11bil.

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