KUALA LUMPUR (June 3): Ho Hup Construction Company Bhd, which won a combined RM102.5 million worth of jobs in the East Coast Rail Link (ECRL) aims to allocate a substantial portion of the contract value to local vendors.
In a statement, Ho Hup chief executive officer Datuk Derek Wong Kit Leong said the firm was delighted to secure the sizeable contract during the current highly challenging Covid-19 pandemic period, when businesses across the economy had been badly affected.
He said Ho Hup’s construction team was now finalising with local vendors and suppliers for the necessary engineering equipment, materials and other supplies for the jobs.
“One of main responsibility as a key sub-contractor to China Communications Construction (ECRL) Sdn Bhd is to generate sizeable loacl content when we execute this important and strartegic infrastructure project.
“Our priority is to ensure the smooth execution of the works contracted,” he said.
The jobs, which are for 30 months — starting June 15, 2020 — are for the construction and completion of subgrade, drainage and culvert works on Section 6 of the ECRL.
At 2.45pm, Ho Hup gained 0.88% or 0.5 sen to 57.5 sen, valuing it at RM237.12 million.
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