Sunway Holdings Bhd's unit, Sunway Construction Sdn Bhd, has accepted the letter of award from the Transport Ministry to upgrade the Sultan Azlah Shah Airport in Ipoh.

It said the RM37.36 million project is expected to start next month, with a 72-week construction period.

The project would contribute positively to the company''s earnings for the financial year ending Dec 31, 2011 onwards, it said in a filing to Bursa Malaysia.

Sunway said the project was subjected to normal construction risk of materials price fluctuation.

However, with past experience and expertise of its subsidiary in construction projects in Malaysia, this risk could be mitigated at this juncture, it added. -- Bernama