Hock Seng Lee secures RM47.1m Sarawak road project

KUALA LUMPUR: Hock Seng Lee Bhd (HSL) has secured RM47.1 million road project in Tanjung Manis, Mukah Division, Sarawak from the Sarawak Timber Industry Development Corp on Wednesday, Aug 18.

HSL said on Friday the project involved earthworks, road, drainage, bridges and associated works for the proposed road starting from Serdeng Junction passing through Bandar Baru Tanjung Manis, Halal Park and Kampung Rajang.

"The route will traverse low-lying coastal terrain thus necessitating extensive reclamation and geotechnical engineering works," said the Sarawak-based infrastructure and marine engineering specialist.

The group said the contract period for the project would be 24 months commencing August 26, 2010 and was expected to contribute positively to the earnings and net assets of the HSL group for the financial years ending 2010 to 2012.

HSL said the road project in Tanjung Manis increased its total value of projects in hand in that town alone to over RM300 million. The latest contract is part of the multimillion ringgit Halal Hub development at Tanjung Manis.

"Winning this bid in open tender shows that we remain highly competitive when it comes to marine engineering works and that we have a strong presence in the developing region of Tanjung Manis in Central Sarawak which is a pivotal part of SCORE (the Sarawak Corridor of Renewable Energy)," said HSL group managing director Datuk Paul Yu Chee Hoe.

He said HSL's other ongoing works in Tanjung Manis include reclamation, earthworks, drainage and infrastructure for a ship building industrial zone in Buan land district as well as related industrial parks and road upgrading works.

"We expect the new contract to contribute positively to group bottom line and further advance our sound progress this year and next," Yu added.

He said the group has been active in infrastructure and construction projects in Tanjung Manis since 1995 having completed works for a sea port, deep sea fishing port, airport, industrial park and township.

He also said  projects secured so far in 2010 were worth RM262 million and total value of projects in hand for HSL now stands at RM1.85 billion of which RM1.14 billion was outstanding.

"We enjoy a niche market position in marine engineering and related infrastructure works and therefore the surge in construction activity in Sarawak continues to fuel our dynamic growth," added Yu.
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