MELAKA (July 22): The Melaka state government has identified a new site for a Kuala Lumpur-Singapore high-speed rail (HSR) station which was previously planned for Ayer Keroh.
According to Public Works, Transport, Public Amenities and Infrastructure Committee chairman Datuk Roslan Ahmad, it will be located near the Green City, and between Mukim Durian Tunggal (an Alor Gajah subdistrict) and Mukim Ayer Panas (a Jasin subdistrict).
He said the alignment revision under HSR2.0 is to avoid high-density places and a great deal of land reclamation — involving high-value areas as well — in order to reduce the cost of the project.
“The HSR2.0 project in Melaka involves a 60km track, and we are given to understand that Malaysia and Singapore have agreed to extend the discussion period to Dec 31,” he told reporters after a Melaka State Legislative Assembly sitting today where Datuk Zaidi Attan (BN-Serkam) raised an oral question about the HSR2.0 project.
Roslan said that under HSR2.0, the number of stations had been reduced to five from seven earlier, and their design had been standardised.
“I can’t disclose the amount allocated at this time because it is based on the acquisition method via a competitive tendering process,” he said.
The Penang Transport Master Plan: Penang government website
KUALA LUMPUR: UOB Kay Hian Malaysia Research expects contractors’ earnings to pick up gradually from mid-3Q20 onwards from the low base in 1H20 following the prolonged Movement Control Order (MCO) which began on March 18.
It said on Wednesday the MCO ruling has resulted in contractors reporting lower earnings (YoY) in 2020 amid the absence of construction activities.
“On a brighter note, the current government has re-iterated the resumption of approved projects like East Coast Rail Line (ECRL) and Pan Borneo Highway (PBH) in an effort to drive the economy.
“We expect the government to subsequently resume other long-awaited mega projects as well. In 2H20, we expect ECRL contract awards to intensify, while the Rapid Transit System (RTS) should be finalised in July, ” it said.
To recap, the research house said the KL Construction Index has underperformed the market thus far, plunging 18% year-to-date on the high-base effect in 2019, while the absence of rerating catalyst and sluggish sector earnings due to the pandemic also led to the KLCON Index underperforming.
Under its coverage, almost all contractors’ 1Q20 earnings missed expectations due to the MCO implementation, which resulted in slower progress billings.
UOB Kay Hian Research said the current government is committed to resuming approved mega project in an effort to drive economic growth.
The government reiterated the implementation of projects such as the ECRL and MRT2 projects, as well as approved projects earmarked under the last Budget 2020 (ie PBH Sabah).
“However, we expect the government to award these contracts in phases starting from 2H20 (instead of in one go), which probably will not excite the sector, ” it said.
The research house expects both Malaysia and Singapore governments to announce the resumption of Rapid Transit System (RTS) by end-July 2020 as both parties are finalising the negotiations (bilateral agreement, JV agreement and concession agreement).
In Penang, SRS Consortium has finally inked the master agreement with the Penang Government early in July to be officially appointed as the project delivery partner (PDP) for the RM32bil Penang Transport Master Plan (PTMP).
“The completion progress to date for the Pan Borneo Highway (PBH) for Sabah and Sarawak currently stand at 32% and 52% respectively (that is, on schedule).
Separately, the Sarawak state government has allocated RM1bil for three state constituencies in northern Sarawak which are earmarked for water supply projects, repair of old bridges, construction of new bridges, repair of longhouses, and rural electrification schemes.
The research house prefers contractors from the small/mid-cap space who with a strong track record with lean operating structure, are the frontrunner to clinch the revived projects, and are companies with sustainable earnings growth. Our top picks are Gabungan AQRS and Kerjaya Prospek Group.
Meanwhile, Gamuda has finally inked the long-awaited PTMP agreement on July 1.
“We upgrade Gamuda to Hold (from Sell) after its share price retraced by more than 10% after the signing announcement due to lingering uncertainty over the PTMP project, ” it said.
Finance Minister allow IWCity & China Railway consortium to defer payment of next installment of deposit till April 2021. This confirm that Bdr Malaysia is still on. With HSR also on, there should be upside
Unlikely IWH can pay, economic scenarios has change (all international and local companies has no plan to expand what more buying new offices) and don't speculate they will inject to IWC if any. It's better to buy once comfirm, during limit up..pay extra 30sen then stuck here forever.
So many limit up stocks you can choose then this under performer iwc, what is there 30sen or 60sen up, if you have to wait 2-3 years. Tun also no more there. I don't think construction going to pick up this year while we still struggling with covid, consumer spending and fragile government.
UMNO dating with Muyhiddin group since catastrophe done , BAD DAY for PN continue operation , will crashed , separate each others , fire off episode done .
After 12.00 , helicopter up foreseen , SINGAPORE RAIL WAY is sign between SINGAPORE AND US , tomorrow , will SPICY HOT the condition , WAKE UP is result .
Construction which related to RTS will surely flyy tommorow lor. PM Muhyiddin will have meeting with his spore counterpart tommorow. Sultan of Johor also has given his consent on thi project and urged the Gahment to kick off project without prejudice. It is a BUY call for IWcity lorrr
JOHOR BAHRU (July 29): Tomorrow, the Johor Causeway will once again become the location for a symbolic agreement between Malaysia and Singapore, to proceed with the Rapid Transit System (RTS) project connecting Johor and the republic.
The Causeway was also the venue for a historic meeting on Sunday when Foreign Minister Datuk Seri Hishammuddin Tun Hussein and his Singaporean counterpart Dr Vivian Balakrisnan met and agreed on cross-border travel between the two countries.
Tomorrow’s meeting is considered historic and symbolic as this will be the first time Prime Minister Tan Sri Muhyddin Yassin will be meeting Singapore Prime Minister Lee Hsien Loong on the Johor causeway.
This will also be their first face-to-face meeting since Muhyiddin was appointed as the 8th Prime Minister on March 1, while Lee himself was just sworn in for another term as Prime Minister on July 27, following the victory of his party, People’s Action Party (PAP), in the recent general election.
After three postponements, Malaysia and Singapore are expected to finally agree to proceed with the RTS construction tomorrow.
RTS, a four-kilometre line connecting Bukit Chagar in Johor Bahru and Woodlands in Singapore, will help reduce congestion on the Johor Causeway, which has been listed as one of the busiest land border crossings in the world.
Before the Movement Control Order (MCO) was implemented on March 18, the Johor Causeway was used by about 350,000 travellers daily.
The RTS project has gone through a series of discussions under three Malaysian Prime Ministers and is expected to cost about RM3.7 billion, with the specifications having been agreed upon by Malaysia and Singapore.
The two-phase project is expected to begin in 2021 and be completed by the end of 2026.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
MQ Trader 144 views | 17 h ago
0:17
New IPO: An enterprise IT solutions provider that provides implementation services, maintenance, support and professional services, Vetece Holdings Bhd aims to list on the Ace Market!
MQ Trader 398 views | 4 d ago
0:17
New IPO: A manufacturing and trading of biomass fuel products, particularly PKS and wood pellets company, Elridge Energy Holdings Bhd aims to list on the Ace Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
aiaili
3,184 posts
Posted by aiaili > 2020-07-22 09:45 | Report Abuse
lol..