Construction Sectors

Construction Overweight We expect urban public transport to be prominently featured in Budget 2016. Already, the 11MP sets a 40% public transport modal share in the Klang Valley by 2020 from 17.1% in 2014. Rail-based mass transit networks will eventually take over the existing land-based road networks as the backbone of the public transportation system in densely populated areas particularly in the Klang Valley. We expect the Government to reaffirm its commitment towards the implementation of MRT2, LRT3, and more bus rapid transit (BRT) projects (MRT2 <MYR28bn>, LRT3 <MYR9bn>, BRT) in Budget 2016.

(Source: Media reports)