Econpile secures RM92.5 mil KVMRT job

KUALA LUMPUR (March 28): Econpile Holdings Bhd has been awarded a RM92.5 million subcontract to build the diaphragm wall for the Kampung Baru North Underground Station for Sungai Buloh-Serdang-Putrajaya line of the Klang Valley Mass Rapid Transit 2 (KVMRT2).

The construction and completion of the diaphragm wall is part of the works for the underground works package, encompassing the design, construction and completion of tunnels, stations and associated structures from Jalan Ipoh North Escape Shaft to Desa Waterpark South Portal, under KVMRT2.

The contract was awarded by Mujur Minat Sdn Bhd.

The project is expected to take approximately 450 days from date of commencement, which will be determined in due course, to complete, said the company.

"This RM92.5 million contract represents Econpile's first works to be done for a KVMRT underground station, and the second to be secured for KVMRT2 project," said Econpile group chief executive officer Raymond Pang.

"This contract recognises our expertise across the full range of services and underlines the group's role as a substructure specialist. We are pleased with the vote of confidence as we seek to move up the value chain by taking on technically challenging jobs to complement our core activities," added Pang.

Pang said the earlier-secured contract, worth RM43.5 million, was for piling works for the construction of viaduct guideway and other associated works.

Econpile shares closed down three sen or 1.38% at RM2.15, with a market capitalisation of RM1.16 billion. —

For more stories, download pullout here for free.

Like our content? Check out Narratives – where we curate stories based on topics to keep you well and broadly informed about Malaysian real estate.

Looking for property? Check out Location Scan, where we summarize all available options and facts you need in a few clicks. We have updated the tool to include MRT3 stations too.

Curious how much you can borrow? Use LoanCheck to get your maximum loan eligibility from various banks, or LoanReport to get a FREE CTOS/CCRIS credit report.
  1. Econpile clinches RM23m foundation and basement works job in PJ
  2. Econpile bags RM33m construction job
  3. Putrajaya, PH ink landmark 'Political Transformation and Stability' MoU, but details scarce