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    Sunway Construction Only Keen On ECRL If Higher-Value Jobs Offered To Local Contractors - Amlnvestment Bank

    17 Jun 2019
    The company spoke of the discrepancy between the news flow on the revival of mega projects in Malaysia 

    Borneo Post reported that Sunway Construction Group Bhd is only keen on the East Coast Rail Link project if higher-value jobs such as piling, relocation of utilities and elevated structures are offered to the local contractors, analysts gathered from a recent meeting with the group. According to Amlnvestment Bank Bhd, the key message gathered from Sunway Construction during a recent visit is the company is bracing itself for an extended lull period in the local construction sector.

    The research firm said that "It has acted on this belief by intensifying its pursuit of overseas construction jobs. The company spoke of the discrepancy between the news flow on the revival of mega projects in Malaysia and the reality on the ground at present. It said that there is still hardly any sizeable new public infrastructure project up for bidding in the open market currently. It did not appear to be too excited over the MYR 44 billion ECRL project, of which details on the job scope or work packages available to local contractors are still lacking. It will only be keen to participate in the project if higher-value jobs such as piling, relocation of utilities and elevated structures are offered to the local contractors."

    Amlnvestment Bank highlighted that subject to the final investment decisions by the project owners, locally, Sunway Construction may bid for a high-rise commercial property project by parent Sunway Bhd, a public hospital project and a superstructure job within the Kuala Lumpur City Centre enclave.
     

     

     
     
     
    Source from: www.steelguru.com

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