KLANG: WCT Bhd, which is confident of clinching RM1.5 billion in new contracts this year, has so far secured jobs worth RM500 million from about RM5 billion worth of tenders submitted.
The biggest single contract secured so far is for the construction and completion of commercial office buildings and external works at Precinct 2 in Putrajaya worth RM315 million from Putrajaya Holdings Sdn Bhd.
Deputy managing director Goh Chin Liong said the company has tendered for RM3 billion worth of contracts locally, with another RM2 billion from overseas, especially the Middle East.
WCT was reported to have existing contracts worth RM2 billion from Malaysia and the Middle East.
WCT had a setback in April when the Omani government decided not to proceed with the tender for the construction of the Batinah Expressway Package 2 worth RM1 billion.
On the company’s integrated development, [email protected], Goh said it would only commence operation after the opening of the new low-cost carrier terminal, klia2.
Malaysian Airports Holdings Bhd (MAHB) had postponed the opening of the RM4 billion klia2 from its earlier date of June 28 as it might have difficulty meeting the deadline.
The 70:30 integrated development between WCT and MAHB consists of a net lettable area of 350,000 sq ft and 6,000 parking bays. The project’s construction cost of RM530 million is borne by WCT.
Goh said WCT is working closely with MAHB on the issue, adding that costs imposed on the tenants would be minimal.
“We have passed them (retail spaces) to our retailers and they are doing the internal renovation for their operation at the moment. However, they can’t start operating until klia2 is open,” said Goh.
On the cancellation of the Oman expressway, Goh said: “We are still waiting for the Ministry of Transport and Communication of Oman to re-tender the project.”
Meanwhile, the construction for both Overseas Union Garden (OUG) and a mixed development project in Sungai Buaya, Rawang, are targeted to be rolled out next year.
Goh said the OUG shopping mall is still at the planning stage. The OUG development, on a 24.28ha site, has a gross development value of RM4 billion.
The company expects to spend about RM700 million to RM800 million for construction and land acquisition. “We are identifying two pieces of land, one in the Klang Valley and another in Johor,” Goh said.
This article first appeared in The Edge Financial Daily, on May 16, 2013.