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CIMB: Pan-Borneo Highway Sabah contract awards to accelerate post GE14

CIMB: Pan-Borneo Highway Sabah contract awards to accelerate post GE14

KUALA LUMPUR (April 18): CIMB Investment Bank Bhd said the pace of awards of the remaining 18 contracts under the proposed Pan-Borneo Highway in Sabah (PBH Sabah) is expected to pick up post Malaysia's 14th General Election (GE14). CIMB said PBH Sabah is seen as an election-driven project in conjunction with GE14, the polling day of which falls on May 9, 2018.

In a note today, CIMB said the remaining 18 contracts under PBH Sabah have a combined estimated value of RM9.7 billion.

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