ABU DHABI: According to Affin Hwang Capital, the construction industry would continue to be negatively impacted by governmental policy uncertainties in the execution of public projects.
RM7 billion in flood prevention projects that were intended to be awarded through direct talks would be reviewed, according to the company, which quoted the new unity administration.
According to Affin Hwang, a number of other large-scale infrastructure projects that had not yet been granted, like the Klang Valley MRT Line 3 (MRT3), were also being examined.
But it’s encouraging to know that the government has upheld the integrity of contracts and will continue with current initiatives like the East Coast Rail Link (ECRL).
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SOURCE: New STRAITSTIMES