MRCB to submit final bid for Kepong incinerator job

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) will put in the final submission for its bid for the RM800 million waste-to-energy incinerator project in Taman Beringin, Kepong, after passing the pre-qualifying stage, said group chief operating officer Mohd Imran Mohamad Salim (pic).

“We have pre-qualified and now we are going for the full tender,” Mohd Imran told reporters yesterday after a ground-breaking ceremony for an RM115 million overhead bridge that will connect Old Klang Road to the New Pantai Expressway. The project will ease traffic flow in the vicinity of MRCB’s 9 Seputeh mixed development project.

But he refused to confirm a report by The Edge Financial Daily on Sept 22 on whether the group, together with three other firms — UEM Environment Sdn Bhd, DRB-Hicom Bhd and Puncak Niaga Holdings Bhd — had been shortlisted for the construction of the incinerator, beating 29 other competitors.

“I am not going to confirm. If we know, we will announce,” said Mohd Imran.

Besides the incinerator, Mohd Imran said MRCB is also actively bidding for multiple construction jobs worth more than RM100 million each, and the group works on a minimum of 10 tenders each month.

 He revealed that MRCB has been shortlisted for some tenders, for projects under both the government and the private sector.

 “Yes, we are tendering [for] multiple projects,” he said, adding the group had secured an RM197.4 million construction job in Johor last month.

 He said MRCB’s construction order book now stands at between RM3 billion and RM5 billion, which comprises about 12 to 15 projects currently running.

 On Project MX-1 in Sungai Buloh, in which it is partnering with the Employees Provident Fund-owned Kwasa Land Sdn Bhd to jointly develop a town centre for the proposed Kwasa Damansara township, Mohd Imran said construction works will commence a year from now as the group has many approvals to obtain.

“We have already bought the land. So now we are waiting for the first layer of approvals from Kwasa Land [the master developer]. Then, we will submit our development order,” he said.

On a separate project, Mohd Imran said construction of the PJ Sentral project is in “full swing”, with four out of five towers completed and 80% of tenant space taken up.

Mohd Imran added that MRCB plans to launch Penang Sentral next January, and that piling works have already begun.

MRCB closed down 2 sen or 1.3% yesterday at RM1.53, giving it a market capitalisation of RM2.68 billion.


This article first appeared in The Edge Financial Daily, on November 12, 2014.

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