Mitrajaya bags RM157.32 mil construction contract

KUALA LUMPUR (Feb 23): Mitrajaya Holdings Bhd has been appointed as the developer for the 1Malaysia Civil Servant Housing Development (PPA1M) by Putrajaya Homes Sdn Bhd worth RM157.32 million.

In a filing with Bursa Malaysia today, Mitrajaya said its unit Pembinaan Mitrajaya Sdn Bhd had yesterday accepted the award from Putrajaya Homes for the proposed PPA1M development in Putrajaya.

According to Mitrajaya, it was tasked to construct and complete 800 units of PPA1M public apartments, inclusive of two blocks of multi-level car park and common facilities at Precint 17, Putrajaya.

The contract is for duration of 36 months and is expected to be completed by Feb 22, 2019.

Mitrajaya expects the contract to contribute positively to its future earnings. -- theedgemarkets.com

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