MRT sure indeed will give multiply factor in the economy from hawkers to stock market. Company need to watch for such are SCOMI,MRCB, GAMUDA, AZRB and UMW plus other relevant Industrial product and trading stock.. This was because these company has strong experience in making LRT.
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KUALA LUMPUR, Aug 22 (Bernama) --  Syarikat Prasarana Negara Bhd today  reiterated that the MY Rapid Transit (MRT) project would offer long term  benefits to the public and enormous economic spillovers.
Group director of the government-owned company's Project Development  Division, Zulkifli Mohd Yusoff, said the MRT project would transform  Kuala Lumpur's transportation infrastructure, significantly reduce  traffic, increase work mobility and create new employment opportunities.
It would also benefit over 10 million commuters in the Klang Valley, he  said during a discussion with owners of properties near Pasar Rakyat  here.
"A total of 20 lots will be acquired for the underground MRT tunneling  works, namely properties along Jalan Kampung, Jalan Kamuning, Jalan Inai  and Jalan Utara," he said.
During the discussion, some owners questioned why they were not  consulted when the project was in planning stage. Other issues raised  included the quantum of compensation.
Zulkifli said the Land and Mines Department was managing the land  acquisition process and would call the affected parties to a hearing  beginning Sept 5.
"During the hearing, the affected landowners can raise all factors  relevant to compensation such as loss of business, renovation and other  factors.
"All these will be taken into consideration when compensation is being determined," he said.
Source: Bernama
Technical News, Fundamental News and World Updates In Brief
Tuesday, 23 August 2011
MRT will have Multiply effect on Malaysia Economy !!
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