Wednesday, August 17, 2011

Sunway unit, MRCB get LRT extension jobs

KUALA LUMPUR: Sunway Holdings Bhd and Malaysian Resources Corp Bhd (MRCB) announced yesterday the awards of contracts for the light rail transit (LRT) extension projects by Syarikat Prasarana Negara Bhd (SPNB).
Sunway Construction Sdn Bhd, a unit of Sunway Holdings, clinched Package B for the Kelana Jaya line extension project, valued at about RM569 million while MRCB was awarded a contract worth RM1.33 billion for the Ampang line extension.
SPNB is fully owned by the Ministry of Finance, and was given the task of expediting the project by the government.
In a statement yesterday, Sunway Holdings said the Kelana Jaya line extension will link Kelana Jaya station to Putra Heights via Subang Jaya. The facilities works are divided into two packages, Package A and Package B.
Under Package B awarded to Sunway Construction, the facilities works will involve the construction and completion of facilities along a 8.1km route from Persiaran Kewajipan, Subang Jaya to Putra Heights.
The works include site clearance, earthworks, viaduct construction, roadworks, drainage, traffic management, structural and temporary works.
“The proposed project is expected to commence upon handing over of site possession which is anticipated in September 2011 with a construction period of 29 months.
“It is expected to contribute positively to the earnings of Sunway Group for the financial year ending Dec 31, 2012 onwards,” said the company.Sunway Holdings’ outstanding construction order book stands at RM1.97 billion, of which RM508 million is from overseas. It also has a tender rolling order book of RM1.5 billion.
In its filing with Bursa Malaysia, MRCB said the contract was awarded through its wholly-owned subsidiary MRCB Engineering Sdn Bhd (MESB).
The RM1.33 billion contract includes the construction and completion of facilities works including fabrication and delivery of segmental box girders (Package B) for the Ampang line extension project.
MRCB also said that through a separate letter SPNB has awarded MESB the sub-contract for the fabrication and delivery of segmental box girders (Package B) for the Kelana Jaya line extension project.
MESB also bagged a RM67.2 million job from Sunway Construction. No details were available. The construction period for the works is 20 months from commencement date which is defined as anytime within 14 days from the notice to proceed,” said MRCB adding that the contracts would contribute positively to MRCB’s future earnings.
In its annual report for FY10, MRCB said its order book had surpassed the RM1 billion mark.
The main contractor of the facilities job for Package A, worth RM634.64 million of the Ampang line, was jointly awarded to Bina Puri Holdings Bhd and Tim Sekata. The contract is scheduled to complete within 2½ years.
The first phase of the Ampang line will be a new 7.4km stretch from the Seri Petaling station to Station No 5, while Package B will see a 10.3km extension from Station No 5 to the Putra Heights Station.
So far, SPPNB, which has been given the mandate to oversee the country’s infrastructure projects, has awarded contracts worth RM1.7 billion for the first phase (Package A) of the RM7 billion (LRT) extension project involving the Kelana Jaya and Ampang lines.

SPNB had said the selection of the contractors was done through an open tender process starting from November 2009. A total of 119 applications were received, but one was rejected due to failure to comply with application guidelines.

source: TheEdge 17 August 2011

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