In the run-up to the 14th General Election, MyHSR Corp announced the appointment of two project delivery partners (PDPs) for the HSR project. They are the joint ventures (JVs) of Malaysian Resources Corp Bhd with Gamuda Bhd (MRCB-Gamuda JV) and YTL Corp’s Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd with TH Properties Sdn Bhd (YTL-THP JV), a subsidiary of Lembaga Tabung Haji. “We understand that the tender for HSR’s civil works is only applicable to local contractors,” it said in a report yesterday. Yesterday, YTL closed at RM1.43 a share, rising more than 9% after announcing its PDP role in the HSR project. “Assuming the 2026 timeline is intact, contracts for civil construction works should be awarded the latest by 2019,” it says.

Source: The Star April 07, 2018 00:56 UTC