Citaglobal-Reneuco consortium wins 30-year concession to power up ECRL
The concession includes the development of power transmission and interconnection facilities valued at RM600 million, which is expected to be commissioned in stages by mid-2026.
The concession includes the development of power transmission and interconnection facilities valued at RM600 million, which is expected to be commissioned in stages by mid-2026.
IJM Construction has allegedly refused, failed and/or neglected to pay the outstanding sum despite Citaglobal Land completing its contractual obligations, said Citaglobal.
The KVDT2 project involves the replacement of existing 25-year-old railway tracks, an electrification system and an upgrade and maintenance of the facilities involving two railway tracks from Salak South to Seremban, and from Simpang Port Klang to Port Klang.
The consortium, which accepted a letter of intent from Malaysia Rail Link Sdn Bhd (MRL), will undertake the planning, design, financing, development, construction, installation, completion, commissioning and operation of the project.
KUALA LUMPUR (May 15): WZ Satu Bhd non-independent non-executive deputy chairman Datuk Seri Mohamad Norza Zakaria has been re-designated as executive chairman of the company effective immediately.