Advancecon secures RM21m subcontract from CCC-ECRL
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.
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.
This brings its cumulative contract wins, year-to-date, to RM377.
The contract for the construction of the Bukit Chagar station’s façade was awarded by Malaysia Rapid Transit System Sdn Bhd, a subsidiary of Mass Rapid Transit Corp Sdn Bhd, the group said in a bourse filing on Tuesday.
The Rohas-Euco Industries Bhd–Sediabena Builders Sdn Bhd consortium comprises Rohas Tecnic's wholly-owned-owned unit, Rohas-Euco Industries Bhd (REI), and Sediabena Builders Sdn Bhd (SBSB).
RHB IB outlined potential project awards for the first half of 2024, encompassing flood mitigation projects, the Penang Light Rail Transit (LRT), Pan Borneo Highway Sabah's Phase 1B, and the reinstatement of five LRT3 stations.
The completion of the contract works is within 34 months, which will commence on Jan 3 and is scheduled for completion by Nov 2, 2026.
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.
Ekovest said the two groups will participate in infrastructure concession assets, large-scale infrastructure projects, food security and trading initiatives, retailing ventures and transit-oriented development (TOD) projects.
The construction firm has proposed to undertake a renounceable rights issue of up to 243.