Kwasa Land awards TSR Capital infrastructure job worth RM268.9m

KUALA LUMPUR (March 15): Developer Kwasa Land Sdn Bhd, a unit of the Employees Provident Fund (EPF), has awarded a two-year RM268.9 million contract for common infrastructure works at its Kwasa Damansara township to construction and civil engineering works specialist, TSR Capital Bhd.

The deal was awarded to TSR Capital's wholly-owned unit TSR Bina Sdn Bhd, said Kwasa Land in a statement today.

The job encompasses site clearance and site preparation, earthworks, roadworks, drainage works, road furniture, sewerage reticulation, water reticulation, park and ride facility, electrical infrastructure works, and soft and hard landscape works, said Kwasa Land.

It is to be completed within 104 weeks by March 12, 2018.

This is the second infrastructure works awarded by Kwasa Land, to date, for its 2,330-acre Kwasa Damansara township, the statement further read.

The first infrastructure job, valued at RM127 million, was awarded to WCT Holdings Bhd in September 2015 and encompasses the construction and completion of common infrastructure works for a designated area within the vicinity of the main town centre and Kwasa Sentral MRT Station.

Kwasa Damansara is located in the vicinity of Kota Damansara and Petaling Jaya, Selangor.

It is a mix of residential, commercial, recreational, institutional and educational developments which, when ready, would serve a target population catchment of 150,000.

As at 2.54pm, TSR Capital gained half a sen or 0.97% and was trading at 52 sen, valuing it at RM90.71 million. – theedgemarkets.com

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