Mitrajaya bags RM183.44m West Coast Expressway job

KUALA LUMPUR (Dec 27): Mitrajaya Holdings Bhd has bagged a RM183.44 million contract from concessionaire West Coast Expressway Sdn Bhd to build Section 2 of the West Coast Expressway (WCE) from the South Klang Valley Expressway interchange to the Shah Alam Expressway interchange.

In a filing with Bursa Malaysia today, Mitrajaya said its wholly-owned subsidiary Pembinaan Mitrajaya Sdn Bhd has accepted the award for the project.

"The contract is for duration of 30 months commencing from the date of site possession which would be advised in due course and the contract is expected to contribute positively to Mitrajaya Group's future earnings," it added.

The WCE, which is currently under construction, is slated for completion in 2019 and will connect the main coastal towns including Klang, Kuala Selangor, Teluk Intan, Setiawan, Manjung and Hutan Melintang, among others, which are currently only connected via a trunk road.

Shares in Mitrajaya closed unchanged at RM1.25 today, giving it a market capitalisation of RM836.43 million. — theedgemarkets.com