Nestcon awarded RM25m roadworks subcontract

KUALA LUMPUR (Aug 2): Nestcon Bhd has won a subcontract in relation to the construction of an access road connecting to Sungai Pulai Bridge for the proposed Petrochemical & Maritime Industry Centre development in Tanjung Bin, Pontian, Johor.

In a filing with the bourse, the group said the job was awarded to its wholly-owned subsidiary Nestcon Infra Sdn Bhd by MMC Engineering Sdn Bhd.

The provisional quantities subcontract sum for the works is valued at RM25.08 million.

The subcontract commences today, and is expected to be completed by May 31, 2022.

Nestcon said the subcontract is expected to contribute positively to the net assets per share, earnings per share and gearing of the company for the financial year ending Dec 31, 2021 and throughout the duration of the works.

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