Tuesday, 20 December 2016
PETALING JAYA: Construction company Mudajaya Group Bhd has been awarded a contract to build a viaduct gateway and other associated works worth RM558.64mil for the Klang Valley Mass Rapid Transit (KVMRT) Line 2 project.
The contract was given to the company’s wholly owned subsidiary Mudajaya Corp Bhd by Mass Rapid Transit Corp Sdn Bhd. The project in question, Package 207, involves construction works from Universiti Putra Malaysia to Taman Pinggiran Putra in Putrajaya.
The project’s construction period will be 56 months from the date of the notice to proceed, said Mudajaya in a stock exchange filing.
It expects the project to contribute positively to the company’s earnings for the financial year ending 2017 onwards.
The company was also one of the subcontractors assigned to undertake construction works on the KVMRT Line 1 project.
The new KVMRT contract award will be a timely boost for Mudajaya’s prospects, as the company seeks to replenish its outstanding RM1.3bil orderbook.
Source by: Internet