Value Investor Research
ECM: Construction: Seven to bid for new highway
value_investor
Publish date: Thu, 16 Feb 2012, 11:31 PM
The government has called for a tender for the Kinrara-Damansara highway contract, with 7 companies invited to bid for the job, sources said. The companies include Bina Puri Holdings Bhd, Mudajaya Group Bhd and privately-owned Pesona Metro Sdn Bhd. "The tender letters for the highway are just out and it is not certain yet on the tenure of concession as the CA (concession
agreement) has not been finalised," said a source. The Kinrara-Damansara concession was supposed to be awarded to PLUS Expressways Bhd, but recent developments indicated that things may not proceed as initially planned, sources said. (Financial Daily)
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