KUALA LUMPUR: MMC Corp Bhd and Gamuda Bhd (MMC-Gamuda joint venture) are expected to be the main beneficiaries among local firms of the East Coast Rail Line (ECRL) project, said a fund manager. The joint venture has more than enough experience and capital to help build the ECRL,” he told Business Times. Amir expect companies such as IJM Corp Bhd and WCT Bhd to also benefit from the project via partnership with MMC-Gamuda. Other firms with railway-related experience that would also benefit are Ahmad Zaki Resources Bhd, Sunway Bhd, UEM Group, Malaysian Resources Corp Bhd and YTL Corp Bhd. “There will be greater spillovers from the rail project if we can tap this regional connectivity to enhance cross-border trade and investment,” said Yeah.

Source: New Strait Times November 02, 2016 03:05 UTC