Gamuda/MMC/IJM: Expecting project flows to be more active in 1H2012 compared with 2H11 as most tenders will be due for award over the next few months (Jan 2012 & Beyond). Year-to-date total major project awards amount to RM8 billion. A shift towards projects of above RM500 million in value, a trend that is set to gain momentum as larger projects make tracks. This should be positive for the entire sector. The value of projects to be awarded in 2012 should be at least double the value in 2011 as infrastructure works for the MRT SBK line alone will be worth about RM18 billion.
Other large-scale projects to be awarded in 2012 are the RM6 billion West Coast Expressway (WCE), about RM1 billion extension of the New Pantai Expressway (NPE) and the RM7 billion railway double tracking project from Gemas to Johor Baru. There is likely to be excitement in 1H2012 in the form of the pending awards for the MRT SBK line. Of the 28 contractors in the running for the elevated, stations and depot works, 14 are listed companies.
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