Sources said other technical members of the consortium include Japan’s Hitachi Rail STS, which specialises in providing signalling systems, Hyundai Rotem Co, a South Korean company that manufactures rolling stock, and German rail operator Deutsche Bahn AG’s unit DB Engineering & Consulting GmbH.
Notably, BLand shares touched a three-year high, surging as much as 9.
The consortium led by BRail submitted the request for information (RFI) concept proposal for the project shortly before the submission deadline, according to sources.
"We have given the commitment to signing the supplementary concession agreement, so that they can plan to invest in their assets.
Loke said the supplementary concession agreement is seen as a win-win situation between ERL and users, where the best service can be provided by ERL without burdening the operation in terms of costs.
With a gross development value of RM523 million, the 4.
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.
DONE DEAL: Terrace house, Taman Setiawangsa, Kuala Lumpur DONE DEAL: Bungalow, Taman Bukit Pantai, Kuala Lumpur Bayu Segar is located in Taman Bukit Segar, a quaint neighbourhood, towards the southern end of Cheras.
The group’s 51%-owned indirect unit Spring Energy Sdn Bhd accepted the subcontract from CCC-ECRL on Wednesday for the construction and completion of subgrade works, Section 8 from CH518+388.
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.
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