MRT 3 Construction Stocks To Watch
Chong Tjen-San, Senior Vice President, Alliance DBS
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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
Produced by: Roshan Kanesan
Presented by: Noelle Lim, Roshan Kanesan
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