They are MMC-Gamuda-George Kent (GK) Joint Venture (JV) and the China Communications Construction Co Ltd (CCCC)-China Communications Construction Co (M) Sdn Bhd JV.The shortlisting process put a heavy emphasis on technical capabilities. While project developer MRT Corp Sdn Bhd previously communicated its desire to seek the most attractive financing package for MRT 3, ultimately financing rate was not the only key criterion.The report had also stated the lowest financing proposal came from Sapura-Top International Engineering Corp (TIEC) Consortium, at 2.3% per annum.The CCCC JV had secured financing at a rate of 5% p.a. while the MMC-Gamuda-GK JV offered a rate of 4.7% p.a. We deem MRCB as one of the potential beneficiaries of election driven jobs,” it said.“YTL’s construction arm may experience a bumper year in 2018 as it aims for its RM400m order book to shoot up to RM12bn.“We believe most of the backlog will come from the Gemas-JB project. More upside could come if it secures any of the three major HSR bids (AssetsCo, PDP, OpCo),” said CIMB Research.

Source: The Star March 12, 2018 00:56 UTC