Daily Market Report (18 July 2019)
- The Transport Ministry has approved Penang's Bayan Lepas Light Rail Transit (LRT) project. The Bayan Lepas LRT project, estimated to cost RM8.4bn and stretch some 29.9km from Komtar to Bayan Lepas, is part of the State Government's RM46bn Penang Transport Master Plan.
- The Master Plan features an undersea tunnel linking the island to the mainland, highways, LRT and monorail, and an extensive bus connectivity on both the island and mainland.
- Gamuda as one of the players for the project should see some buying interest today with the mega infra project finally taking off.
