The massive RM27 billion Penang Transport Master Plan is seen as a reservoir of infrastructure works for local and foreign companies in the next 15 years, at least.

Less choice with fewer new launches

More items have been proposed for Penang Transport Master Plan since estimate in 2011.

The strata market in Central City Kuala Lumpur is dominated by transactions of high-end condos and low-cost flats, with few middle-class products. In the 12 months to 1Q2015

Weakening sectoral growth will be further worsened by the increase of in-house premix cement and concrete plants by the construction companies, such as IJM Corp Bhd and Gamuda Bhd, in order to reduce costs and control the concrete’s mixture quality, and intense pricing, product rivalries and entrance of various dry mix products.

Some 1,000 acres (404.69ha) of land on the two isles to the south of Penang island that will be reclaimed as part of the state government’s land swap deal with SRS Consortium for the Penang Transport Master Plan (PTMP) have been earmarked for industrial development.

The Penang state government has officially appointed SRS Consortium led by Gamuda (60%) and two local firms, Ideal Property Development Sdn Bhd (20%) and Loh Phoy Yen Holdings Sdn Bhd (20%), to undertake the project delivery partner role in the Penang Transport Master Plan based on an alternative proposal submitted by the consortium.

Contributions from the construction of the RM1.5 billion Langat sewage treatment plant have been small in 2015 but should increase going forward.

Those who attended yesterday’s open session on the RM27 billion Penang Transport Master Plan were generally welcoming of the ambitious project. They were, however, also concerned about the impact it could have on the homes and the environment.

Finance director Ooi conceded the need to diversify the business due to increasing competition. “Our business volume may come from construction, but profit may be from other activities. For construction, we try to negotiate better margin and save costs,”