I would like to add that the two contractors speculated to do it are Gamuda or WCT. If either of them do it, it would be fair to speculate that it would run thru Bukit Indah-Nusajaya or at least an extension of because HH is under Gamuda and 1Medini is under WCT.
The relevant reference below is the EDTP Gemas-Johor
excerpt from
http://klse.i3investor.com/blogs/journeytowealth88/13347.jsp
"Construction - OVERWEIGHT - 26 June 2012
Maintain OVERWEIGHT on Construction as we see more contract awards and news flows coming out in 3Q12. This is premised on the upcoming Budget 2013 in September 2012 and likely front-loading of contract awards prior to the upcoming general election. Assuming general election takes place in August or November 2012 (based on the school holidays timetable), the risk premium for construction will definitely be higher, and thus stock selections would be crucial for investors who wish to have exposure in the sector. We opted for fundamentally strong contractors with a strong balance sheet, as well as, being potential beneficiaries of the upcoming KLFID and EDTP Gemas-JB projects like WCT (OP; TP: RM3.92) and Gamuda (OP; TP: RM4.12). We expect more news and contract awards from the KLFID projects (foundation works), EDTP Gemas ' JB project and High Speed Train (HSR) project in 3Q12 and we reckon WCT and Gamuda will be in the limelight. Our Top Pick for the sector is WCT (OP; TP: RM3.92) and Gamuda (OP; TP: RM4.16).
New mega project awards in 2H12. Based on the recent news flows, Suruhanjaya Pengangkutan Darat (SPAD) is committed to invest about RM160b in improving the railway system in Malaysia until 2020. Based on that amount, we believe that this will include projects like the MRT circle line project, EDTP JB-Gemas (RM7b) and High Speed Railway (HSR) (RM30b). Among these projects, the imminent project for tenders will be EDTP Gemas-JB as we believe that the government is at the advance stage of discussion to finalize the details. For HSR, we understand that the project is now slated for completion by 2018 and we expect that there will be more news flows rather than tenders until end of the year (2012). We understand the timeframe for MRT circle line to execute or award the project is 2Q13, meaning, the finalized alignment should be announced in 2H12. "