PETALING JAYA: The Sarawak government’s investment in the Kuching Urban Transportation System (KUTS) project and hydrogen technologies will generate huge spillover effects, says Kenanga Research.
The immediate beneficiaries are civil contractors, engineering consultants and suppliers of building materials, followed by landowners and property developers along the hydrogen-powered autonomous rapid transit (ART) alignment of the new KUTS project.
“We sensed strong commitment in ensuring successful implementation of the RM6bil KUTS project (phase one), entrusted to Sarawak Metro, a unit of the Sarawak Economic Development Corp.
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