MRT 3 Construction Stocks To Watch

According to media reports, the Mass Rapid Transit Line 3 (MRT 3) has been green lit by cabinet to update studies conducted previously including alignment and costs which will take three months. The roll-out of MRT 3 is seen to be positive for construction sector, however there are questions around how the project will be implement or funded. We speak to Chong Tjen-San, Senior Vice President with Alliance DBS, for a view on the possible catalytic impact of the MRT 3 project, the possible timeline and funding plans, the implications of using a Project Delivery Partner (PDP) or turnkey contractor model, and stocks to watch.

Image credit: EPA