Ekovest bags RM99.9m contract for River of Life Phase 2 project

KUALA LUMPUR (March 13): Ekovest Bhd has bagged a RM99.89 million contract to undertake the improvement and beautification works under Package 2 — Taman Titiwangsa, Kuala Lumpur, which forms part of the Phase 2 of the River of Life project.

In a filing with Bursa Malaysia yesterday, Ekovest said its wholly-owned subsidiary EkoRiver Construction Sdn Bhd has received a letter of acceptance from the Kuala Lumpur City Hall for the proposed project.

The completion period for the works is for 78 weeks.

“The work is expected to contribute positively to the group’s future revenue and earnings,” it added.

The River of Life project comprises three stages: river cleaning and river beautification which is targeted to be completed by 2020, as well as commercialisation and tourism which is to commence from 2020 onwards.

This article first appeared in The Edge Financial Daily, on March 13, 2018.

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