George Kent was joint venture with CCC and ERCL project was in charge by CCC... and Gkent experienced in railway construction.. Apparently, GKENT is the potential company to be bidded any railway project
What we need is just 1 confirm contract sign with any rail projects, then share price could go back to RM4.00 because all rail project is more than a billions.
PETALING JAYA: Putrajaya today announced a reduction of RM21.5 billion in construction cost for Phase 1 and 2 of the East Coast Rail Link (ECRL) project.
It said the cost of construction for these phases was reduced from RM65.5 billion to RM44 billion following the signing of a supplementary agreement (SA) between Malaysia Rail Link Sdn Bhd and China Communications Construction Company Ltd.
“(This) will pave the way for the resumption of the ECRL project,” the Prime Minister’s Office said in a statement today.
“The SA, which covered the engineering, procurement, construction and commissioning aspects of the ECRL, was achieved after months of negotiations between the companies involved, as well as the governments of Malaysia and China.
China Communications Construction Company Ltd. is the joint venture with Gkent.. So, what do you guy think the share price of GKent at 2.30 pm later :)
PUTRAJAYA: Malaysia Rail Link Sdn Bhd and China Communications Construction Company Ltd have signed a supplementary agreement that will pave the way for the resumption of the East Coast Rail Link (ECRL) project.
The signing was achieved after months of negotiations between the companies involved as well as the governments of Malaysia and China, said the Prime Minister’s Office (PMO).
“We are pleased to announce that the construction cost of Phases 1 and 2 of the ECRL has now been reduced to RM44bil.
But full disclosure, from my info so far ECRL will not involve any local companies for the major portions, most likely gkent will not get any contract from CCCC on this. this from the gkent technical manager that I am close with.
But full disclosure, from my info so far ECRL will not involve any local companies for the major portions, most likely gkent will not get any contract from CCCC on this. this from the gkent technical manager that I am close with. ========
that has been my opinion all along.......some more I think ECL is a waste of money.
But I guess this is the best since during Najib time, The Chinese banks already released the funds. what options/ choice we have?
Maynot thanks ..Those Asbestos-Cement pipes have limited life span now about time to be replaced,, still unsure who will be the main beneficiary of all....so I shall bet on G.Kent for time being.
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Posted by digi_three > 2019-04-11 18:58 | Report Abuse
aiyoo tomolo fly to the sky lorr haar!!!