Berjaya Land, IJM, MRCB and KTMB join forces to bid for KL-Singapore HSR job
The consortium led by BRail submitted the request for information (RFI) concept proposal for the project shortly before the submission deadline, according to sources.
The consortium led by BRail submitted the request for information (RFI) concept proposal for the project shortly before the submission deadline, according to sources.
This is based on IJM's 60% share in the project amounting to RM106 million that its subsidiary IJM Construction Sdn Bhd (IJMC) is undertaking with Pestech International Bhd's unit Pestech Technology Sdn Bhd, which has the remaining 40% share.
MAHB said it has entered into an agreement with Alstom and the IJMC-Pestech joint venture (JV) to steer the aerotrain replacement project back on track.
Kenanga said IJM’s acquisition of the Shredded Wheat factory site aligns with its UK expansion strategy, building on the success of the Royal Mint Garden project where it first partnered Network Rail, which is the owner of most highway rails in the country.
Besides IJM, the other two consortium members are said to be Pestech International Bhd and French rolling stock maker Alstom, both of which are the original contractors.
The research house said IJM Corp’s job replenishment trend has improved, and the group is well-positioned to take on upcoming major projects, such as the civil work packages for Mass Rapid Transit 3, the New Pantai Expressway extension — estimated at RM1 billion — and to be supported by some warehouse and semiconductor facilities projects.
The group’s property development segment’s revenue increased 42% to RM463.
The hypermarket has a development cost of RM42 million and will have a built-up area of 64,066 sq ft and 185 surface parking on a 4.
The scheme will be available until end-January next year, and will be open to all of IJM Land’s GreenRE-certified residential developments.
Sunway said its wholly-owned subsidiary Fortuna Gembira Enterpris Sdn Bhd ceased to be a substantial shareholder of IJM after selling 2.