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Economy

Malaysia's construction sector likely to gain the most from next year's budget

KUALA LUMPUR (NewsRise) -- Malaysian construction companies stand to gain the most after the government announced plans to push ahead with projects ranging from rail to bridges worth nearly $15 billion to develop infrastructure and spur economic growth through the next year, analysts said.

In the federal budget unveiled on Friday, the government announced laying a 600-km rail network, dubbed East Coast Rail Line that will cost an estimated 55 billion ringgit ($13 billion). Malaysia also plans to spend 1.2 billion ringgit to build and upgrade some 616 kilometers of roads and bridges in the country.

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