大大利惠建材和承包商 东铁有望复兴施工
2019年2月23日


190223jj01报道：黄思来

（槟城23日讯）东海岸铁路线（ECRL，简称东铁）的潜在复苏不仅有利于当地建筑企业，也将对马来西亚的建材公司和众多领域产生积极效应。

根据大华继显研究行的说法，如果东铁项目恢复，本地承包商将会获益，因为政府已经重申其倾向在新协议下让更多本地建筑公司参与，而之前的结构则由中国人主导承包。

大华继显说：“虽然现在评估合同模式和价值还为时过早，但我们相信这个项目有一些主要的受益者，这要归功于政府继续支持增加本地承包商参与东铁的建设。”

该券商补充：“如果东铁项目恢复启动，钢铁和水泥公司将能够看到盈利提升。”


他说，东铁项目正在与中国进行谈判，以降低项目的成本，并将在4月份首相马哈迪访问中国时作出最终决定。

财长林冠英在第12届马来西亚房地产峰会期间告诉记者：“我们希望中国将满足我们降价的要求，让这个问题获得恢复。”

财长针对彭博周二发布的一份报告作出评论，该报告称马来西亚和中国即将达成恢复东铁项目的协议。引述外交部长拿督赛夫丁阿杜拉的报道称，中国愿意减少20亿美元（816亿令吉）的价格标签，谈判目前‘在最后一英里’。

根据最初的协议，估计这条全长688公里，耗费816亿令吉的铁路一旦建成，将把雪兰莪的巴生港连接到吉兰丹的彭加兰古柏。

在报告中，大华继显点名将家盟吉有限公司（GBGAQRS，5226，建筑组）列为东铁可能复兴的主要受益者之一。该公司指出，家盟吉此前曾在关丹沿线提供3个配套，投标价值为25亿令吉。

大华继显解释说：“我们坚信家盟吉将是与主承包商中国交通建设公司长期合作的明显受益者之一，以及与目前由家盟吉建造的州行政中心（关丹）相邻的招标铁路线。”

该券商表示，其他潜在的赢家将包括双威建设集团有限公司（SUNCON，5263，建筑组），怡保工程机构有限公司（IJM，3336，建筑组），马资源机构有限公司（MRCB，1651，产业组）和WCT控股有限公司（WCT，9679，建筑组），因为它们在建设铁路工作岗位方面有着良好的记录。

大华继显说，至于建材公司，如果该项目仍然主要涉及高架结构，安裕资源有限公司（ANNJOO，6556，工业产品组）等钢铁公司将成为主要受益者。

不然，拉法大马有限公司（LAFMSIA，3794，工业产品组）、杨忠礼洋灰有限公司和谦工业有限公司（HUMEIND，5000，工业产品组）等洋灰公司将从中受益，而鸿达资源有限公司（PRESTAR，9873，工业产品组）等其他公司可以从护栏工程中获益，因为它在当地护栏中占有50％的市场份额。

与此同时，一位经纪公司的分析师表示，东铁的复苏将有助于恢复对当地建筑行业的情绪，由于新政府于去年5月上台执政后决定推迟或取消国内大型基础设施项目，因此不少公司成为牺牲品。

他解释说：“东铁协议的进展绝对是个好消息……如果该项目恢复，本地企业将有机会扩大其订单，反过来将有助于恢复对本地建筑行业的情绪。”

事实上，自从马来西亚和中国在恢复东铁的谈判中取得进展以来，建筑业已经出现了‘轻微反弹’。

自周二以来，马来西亚交易所建筑指数（KLCON Index）上涨了8％。

在最近的报告中，马来亚银行投资银行指出，尽管下行风险有限，但当地建筑行业正在等待积极的重新评级催化剂以提振市场情绪。

该券商表示，东铁的潜在复苏可能会成为该行业重新评级所需的刺激因素。

该券商表示，其他潜在的赢家将包括双威建设集团有限公司（SUNCON，5263，建筑组），怡保工程机构有限公司（IJM，3336，建筑组），马资源机构有限公司（MRCB，1651，产业组）和WCT控股有限公司（WCT，9679，建筑组），因为它们在建设铁路工作岗位方面有着良好的记录。

大大利惠建材和承包商 东铁有望复兴施工
2019年2月23日


190223jj01报道：黄思来

（槟城23日讯）东海岸铁路线（ECRL，简称东铁）的潜在复苏不仅有利于当地建筑企业，也将对马来西亚的建材公司和众多领域产生积极效应。

根据大华继显研究行的说法，如果东铁项目恢复，本地承包商将会获益，因为政府已经重申其倾向在新协议下让更多本地建筑公司参与，而之前的结构则由中国人主导承包。

大华继显说：“虽然现在评估合同模式和价值还为时过早，但我们相信这个项目有一些主要的受益者，这要归功于政府继续支持增加本地承包商参与东铁的建设。”

该券商补充：“如果东铁项目恢复启动，钢铁和水泥公司将能够看到盈利提升。”


他说，东铁项目正在与中国进行谈判，以降低项目的成本，并将在4月份首相马哈迪访问中国时作出最终决定。

财长林冠英在第12届马来西亚房地产峰会期间告诉记者：“我们希望中国将满足我们降价的要求，让这个问题获得恢复。”

财长针对彭博周二发布的一份报告作出评论，该报告称马来西亚和中国即将达成恢复东铁项目的协议。引述外交部长拿督赛夫丁阿杜拉的报道称，中国愿意减少20亿美元（816亿令吉）的价格标签，谈判目前‘在最后一英里’。

根据最初的协议，估计这条全长688公里，耗费816亿令吉的铁路一旦建成，将把雪兰莪的巴生港连接到吉兰丹的彭加兰古柏。

在报告中，大华继显点名将家盟吉有限公司（GBGAQRS，5226，建筑组）列为东铁可能复兴的主要受益者之一。该公司指出，家盟吉此前曾在关丹沿线提供3个配套，投标价值为25亿令吉。

大华继显解释说：“我们坚信家盟吉将是与主承包商中国交通建设公司长期合作的明显受益者之一，以及与目前由家盟吉建造的州行政中心（关丹）相邻的招标铁路线。”

该券商表示，其他潜在的赢家将包括双威建设集团有限公司（SUNCON，5263，建筑组），怡保工程机构有限公司（IJM，3336，建筑组），马资源机构有限公司（MRCB，1651，产业组）和WCT控股有限公司（WCT，9679，建筑组），因为它们在建设铁路工作岗位方面有着良好的记录。

大华继显说，至于建材公司，如果该项目仍然主要涉及高架结构，安裕资源有限公司（ANNJOO，6556，工业产品组）等钢铁公司将成为主要受益者。

不然，拉法大马有限公司（LAFMSIA，3794，工业产品组）、杨忠礼洋灰有限公司和谦工业有限公司（HUMEIND，5000，工业产品组）等洋灰公司将从中受益，而鸿达资源有限公司（PRESTAR，9873，工业产品组）等其他公司可以从护栏工程中获益，因为它在当地护栏中占有50％的市场份额。

与此同时，一位经纪公司的分析师表示，东铁的复苏将有助于恢复对当地建筑行业的情绪，由于新政府于去年5月上台执政后决定推迟或取消国内大型基础设施项目，因此不少公司成为牺牲品。

他解释说：“东铁协议的进展绝对是个好消息……如果该项目恢复，本地企业将有机会扩大其订单，反过来将有助于恢复对本地建筑行业的情绪。”

事实上，自从马来西亚和中国在恢复东铁的谈判中取得进展以来，建筑业已经出现了‘轻微反弹’。

自周二以来，马来西亚交易所建筑指数（KLCON Index）上涨了8％。

在最近的报告中，马来亚银行投资银行指出，尽管下行风险有限，但当地建筑行业正在等待积极的重新评级催化剂以提振市场情绪。

该券商表示，东铁的潜在复苏可能会成为该行业重新评级所需的刺激因素。

Booking the ticket to watch the show.

Ecrl project is back soon, go go wct go

Based on feedback from construction sector analysts, The Edge Financial Daily outlines 10 stocks that could be potential beneficiaries should the ECRL project be revived.

In no particular order, they are Gabungan AQRS Bhd, HSS Engineers Bhd, IJM Corp Bhd, Lafarge, Econpile Holdings Bhd, Malaysian Resources Corp Bhd (MRCB), Advancecon Holdings Bhd, Gadang Holdings Bhd, WCT Holdings Bhd and Fajarbaru Builder Group Bhd.

https://www.theedgemarkets.com/article/ten-stocks-look-if-ecrl-revival-materialises

According to our ground checks, quite a number of contractors had expressed their interest in bidding for contracts as the pie was large. That included the likes of IJM Corp, Advancecon, Gabungan AQRS and Econpile. More recently, MRCB told analysts during a recent conference call that it would be interested to participate in the project if tenders were called,” he said.

https://www.theedgemarkets.com/article/ten-stocks-look-if-ecrl-revival-materialises

MRCB told analysts during a recent conference call that it would be interested to participate in the project if tenders were called,” he said.

Malacca Securities Sdn Bhd analyst Kenneth Leong said Gadang Holdings, WCT Holdings and Fajarbaru Builder could also see some interest given their construction capabilities.

Home
MY

TRENDING NOW
1MDB
Select Language​▼
CORPORATE
FROM THE EDGE
Ten stocks to look at if ECRL revival materialises
Chester Tay
/
The Edge Financial Daily

March 11, 2019 09:51 am +08

This article first appeared in The Edge Financial Daily, on March 11, 2019.

-A+A
KUALA LUMPUR: The sudden surge in the share price of Lafarge Malaysia Bhd last Thursday left investors mulling over its unexpected climb, with the potential revival of the East Coast Rail Link (ECRL) being touted as the most plausible reason.

Towards the end of his official visit to Manila last week, Prime Minister Tun Dr Mahathir Mohamad reportedly told the media that Putrajaya’s stance remains the same: that it prefers to avoid an astronomical compensation and is trying to strike a deal with China to build the rail line at a more affordable price tag.

Finance Minister Lim Guan Eng also reportedly said that he hopes the ECRL negotiation between Malaysia and China can be concluded before Dr Mahathir’s scheduled second official visit to China for the Belt and Road Summit 2019 next month.

As the events unfold, there may be investment opportunities for investors looking for exposure to the construction sector, beaten down for the greater part of last year due to political uncertainties in the wake of a new government, then made worse by the review of mega infrastructure projects.

Based on feedback from construction sector analysts, The Edge Financial Daily outlines 10 stocks that could be potential beneficiaries should the ECRL project be revived.

In no particular order, they are Gabungan AQRS Bhd, HSS Engineers Bhd, IJM Corp Bhd, Lafarge, Econpile Holdings Bhd, Malaysian Resources Corp Bhd (MRCB), Advancecon Holdings Bhd, Gadang Holdings Bhd, WCT Holdings Bhd and Fajarbaru Builder Group Bhd.

Assuming Lafarge’s and HSS Engineers’ previous contracts can be reinstated, RHB Research analyst Tay Yow Ken believes these two counters would be the clearest beneficiaries.

“Looking back to before the project was shelved, HSS Engineers and Lafarge were respectively awarded contracts worth RM82.5 million and RM270 million. Hence, we believe these companies are the clearest beneficiaries if the project is revived, assuming their previous contracts are reinstated as well,” he said in an email response.

Tay also noted that ECRL’s main contractor, China Communications Construction Co Ltd, had yet to award engineering and construction packages when the project was suspended in July last year.

“In our view, the extent local contractors are able to benefit would very much depend on the project structure after negotiations conclude, assuming the outcome is positive. That includes items such as local content requirement and what’s left on the table in terms of profit margins. Remember that the revived project will be subject to cost cuts and changes in design.

“According to our ground checks, quite a number of contractors had expressed their interest in bidding for contracts as the pie was large. That included the likes of IJM Corp, Advancecon, Gabungan AQRS and Econpile. More recently, MRCB told analysts during a recent conference call that it would be interested to participate in the project if tenders were called,” he said.

Malacca Securities Sdn Bhd analyst Kenneth Leong said Gadang Holdings, WCT Holdings and Fajarbaru Builder could also see some interest given their construction capabilities.

“These companies have rail project experience so we wouldn’t want to rule out the possibility of them tendering for packages,” he said over the phone.

However, Leong cautioned that in general, profit margins for construction contracts are small, and with a lower price tag for ECRL, the margins could be even smaller.

“We can already see some players, like Econpile, affected by the revised contract value for building the second MRT (Mass Rapid Transit) line,” he said.

Econpile posted a net loss of RM34.45 million for the second quarter of financial year 2019 (2QFY19) ended Dec 31, 2018, against a net profit of RM22.73 million a year ago. Revenue also fell by 8.6% to RM148.18 million, from RM162.17 million in 2QFY18.

The piling expert said its bottom line was hurt by loss of RM18.5 million owing to a delay and idling costs from two infrastructure projects caused by overall project rationalisation of costs and changes in design and/or scope of work by main contractors, and a RM15.4 million cost overrun in a property development project.

Meanwhile, in a note to investors last week, Hong Leong Investment Bank analyst Khairul Azizi Kairudin said news of a potential revival of the ECRL also pushed up the share price of Tasek Corp Bhd and Hume Industries Bhd, two other cement players.

“However, we reckon that the ECRL alone will be insufficient to spur demand to overcome industry overcapacity. To recap, Lafarge won a RM270 million cement supply contract for the ECRL back in March 2018. Based on the contract period of two years, this translates into RM135 million

Home
MY

TRENDING NOW
1MDB
Select Language​▼
CORPORATE
FROM THE EDGE
Ten stocks to look at if ECRL revival materialises
Chester Tay
/
The Edge Financial Daily

March 11, 2019 09:51 am +08

This article first appeared in The Edge Financial Daily, on March 11, 2019.

-A+A
KUALA LUMPUR: The sudden surge in the share price of Lafarge Malaysia Bhd last Thursday left investors mulling over its unexpected climb, with the potential revival of the East Coast Rail Link (ECRL) being touted as the most plausible reason.

Towards the end of his official visit to Manila last week, Prime Minister Tun Dr Mahathir Mohamad reportedly told the media that Putrajaya’s stance remains the same: that it prefers to avoid an astronomical compensation and is trying to strike a deal with China to build the rail line at a more affordable price tag.

Finance Minister Lim Guan Eng also reportedly said that he hopes the ECRL negotiation between Malaysia and China can be concluded before Dr Mahathir’s scheduled second official visit to China for the Belt and Road Summit 2019 next month.

As the events unfold, there may be investment opportunities for investors looking for exposure to the construction sector, beaten down for the greater part of last year due to political uncertainties in the wake of a new government, then made worse by the review of mega infrastructure projects.

Based on feedback from construction sector analysts, The Edge Financial Daily outlines 10 stocks that could be potential beneficiaries should the ECRL project be revived.

In no particular order, they are Gabungan AQRS Bhd, HSS Engineers Bhd, IJM Corp Bhd, Lafarge, Econpile Holdings Bhd, Malaysian Resources Corp Bhd (MRCB), Advancecon Holdings Bhd, Gadang Holdings Bhd, WCT Holdings Bhd and Fajarbaru Builder Group Bhd.

Assuming Lafarge’s and HSS Engineers’ previous contracts can be reinstated, RHB Research analyst Tay Yow Ken believes these two counters would be the clearest beneficiaries.

“Looking back to before the project was shelved, HSS Engineers and Lafarge were respectively awarded contracts worth RM82.5 million and RM270 million. Hence, we believe these companies are the clearest beneficiaries if the project is revived, assuming their previous contracts are reinstated as well,” he said in an email response.

Tay also noted that ECRL’s main contractor, China Communications Construction Co Ltd, had yet to award engineering and construction packages when the project was suspended in July last year.

“In our view, the extent local contractors are able to benefit would very much depend on the project structure after negotiations conclude, assuming the outcome is positive. That includes items such as local content requirement and what’s left on the table in terms of profit margins. Remember that the revived project will be subject to cost cuts and changes in design.

“According to our ground checks, quite a number of contractors had expressed their interest in bidding for contracts as the pie was large. That included the likes of IJM Corp, Advancecon, Gabungan AQRS and Econpile. More recently, MRCB told analysts during a recent conference call that it would be interested to participate in the project if tenders were called,” he said.

Malacca Securities Sdn Bhd analyst Kenneth Leong said Gadang Holdings, WCT Holdings and Fajarbaru Builder could also see some interest given their construction capabilities.

“These companies have rail project experience so we wouldn’t want to rule out the possibility of them tendering for packages,” he said over the phone.

However, Leong cautioned that in general, profit margins for construction contracts are small, and with a lower price tag for ECRL, the margins could be even smaller.

“We can already see some players, like Econpile, affected by the revised contract value for building the second MRT (Mass Rapid Transit) line,” he said.

Econpile posted a net loss of RM34.45 million for the second quarter of financial year 2019 (2QFY19) ended Dec 31, 2018, against a net profit of RM22.73 million a year ago. Revenue also fell by 8.6% to RM148.18 million, from RM162.17 million in 2QFY18.

The piling expert said its bottom line was hurt by loss of RM18.5 million owing to a delay and idling costs from two infrastructure projects caused by overall project rationalisation of costs and changes in design and/or scope of work by main contractors, and a RM15.4 million cost overrun in a property development project.

Meanwhile, in a note to investors last week, Hong Leong Investment Bank analyst Khairul Azizi Kairudin said news of a potential revival of the ECRL also pushed up the share price of Tasek Corp Bhd and Hume Industries Bhd, two other cement players.

“However, we reckon that the ECRL alone will be insufficient to spur demand to overcome industry overcapacity. To recap, Lafarge won a RM270 million cement supply contract for the ECRL back in March 2018. Based on the contract period of two years, this translates into RM135 million

Trapppppp

Hahaha Khatulistiwa should keep quite

https://m.cnfeol.com/Article/1499348.aspx

All the positive news coming, good luck.
Gong xi fat cai, all the best.

Iwcity also moving up

Don't waste the info, buy cheap-cheap, sell high-high.

Yessssss free info

Buy before the official announcement

Ecrl project is back. Just wait for the new agreement to sign soon.
The malaysia government representative will visit china to sign the agreement next week if not mistaken

GOOD NEWS FOR THE ECONOMY: ECRL PROJECT EXPECTED TO RESTART – CHINESE WORKERS RETURNING TO MALAYSIA
MARCH 1, 2019

CHINESE workers in the East Coast Rail Link (ECRL) project have started returning to Malaysia, a sure indication that it is set to kick-start again.

Sources told The Malaysian Insight that some of these workers, who were sent back to their home country after the Pakatan Harapan government put the project on ice, have returned over the past two weeks.

" "

Cut Down Your Electricity Bill Up To 50-70%
Cut Down Your Electricity Bill Up To 50-70%
Energysaver
Few Know The Secret For High Male Libido And Potency, It Is Simple And Natural
Few Know The Secret For High Male Libido And Potency, It Is Simple And Natural
Actipotence
When the cancellation of ECRL was announced last July, China Communications Construction Company (CCCC) workers flew back home, leaving local employees to continue with whatever little needed to be done.

However, things have begun moving once more, following speculation that Putrajaya and Beijing have reached an agreement.

A visit to a site in Kg Temiang near Bentong showed no construction being carried out, but about 10 cars were parked at the site’s office 15 minutes away, indicating that the project is not dead.
An employee who spoke on condition of anonymity said Chinese workers are returning, and that the company has imposed a gag order on staff to ensure they do not share project-related information with outsiders.

It is understood that the ECRL site office in Bentong has 126 employees, comprising administrators (35), drivers (57), on-site technicians (18), and logistics and cleaning personnel (16). Of the total, 76 – or 60% – are locals.

Asked if the company has issued a circular on the project’s status, the employee said no.

“The company has not issued a circular. I think it’s because they are waiting for the government to make an official announcement.”

Apart from returning to the Bentong site, he said, Chinese workers have been told to report to the main office in Kuala Lumpur.

Work at the ECRL site in Bentong has stopped and the project's workers have left, says a Kg Temiang resident. – The Malaysian Insight file pic, March 1, 2019.
Work at the ECRL site in Bentong has stopped and the project’s workers have left, says a Kg Temiang resident. – The Malaysian Insight file pic, March 1, 2019.
On July 3 last year, CCCC received a stop-work order, affecting the firm’s workers at the Mentakab, Bentong, Kuala Lumpur and Lentang sites. In all, hundreds of administrative staff and some 4,000 engineers, labourers, logistics and transport workers were affected.

However, ECRL appears to be back on track, with Finance Minister Lim Guan Eng saying on February 21 that Malaysia and China will reach an agreement on the project by April.

Two days later, Prime Minister Dr Mahathir Mohamad said the project will continue if the countries are able to agree on its price.

“If the price is right, then we will continue. But at the moment, we have not agreed on the price.”

He said the project, as it stands, would cost some RM55 billion, to be repaid over the next 30 years.

With interest, it would cost about RM140 billion, said Dr Mahathir.

Despite the return of Chinese workers, the local economy in areas where ECRL project sites are located continues to be dull.

A Kg Temiang resident, who wanted to be known only as Azman, said work at the Bentong site has stopped and the project’s workers have left.

“About two years ago, when CCCC came and set up the site, there were a lot of workers.

“Lorries and cement mixers transporting construction materials went in and out all the time. There were plenty of workers. But now, they’re all gone

https://www.malaysia-chronicle.com/?p=158831

Limit UP today, roar roar lion roar.
I'm back

Wilson Chan Lionind is the only local steel maker in net cash than debt. Their have huge asset with NTA RM2.7, total revenue is RM3.5bil, but their market cap just RM360+ mil. Keep average down to hold.
28/02/2019 18:31

Lionind one of the strongest and stable company in steel industries.
Nothing to worry.

Annjoo already UP

Please check the history of lionind, after bad 4th quarter report 25th august 2016, lionind rebound very fast from rm 0.28 to rm 1.56.

Good luck to all

Hahaha... target for rm 2 for this round.
Hopefully my dream come true.

Please check the history of lionind, after bad 4th quarter report 25th august 2016, lionind rebound very fast from rm 0.28 to rm 1.56.

Lionind aset - billions
Cash in hand more than the debt.
Its a healthy company any way, its time to collect.
Make your own decision.
Please refer to the quarter report

Bad news is over, writing for good news to come

Ecrl coming ...
New target new hope

The fear already gone, let's move forward.
Roar roar lion king roar

Railway engine already warm up, don't miss the train...

Haha get ready for the rebound

https://www.hellenicshippingnews.com/china-iron-ore-flat-steel-prices-rise-ahead-of-peak-construction-season/

UP already bro, buy cheap-cheap, sell high-high on ecrl project.

Buy cheap-cheap, sell high-high on ecrl project coming.

政府大量的基建如MRT 2，LRT 3，ECRL及婆羅州大道等等估計將帶動鋼鐵的需求。未來，LIONIND賺錢後應該會先降低Payables，不然不知道供應商能否受得了

PETALING JAYA: The potential revival of the East Coast Rail Link (ECRL) will not only benefit local construction players, but there will also be positive spillover effects on building material companies in Malaysia.

According to UOB Kay Hian, for one, local contractors would gain if the ECRL project is resumed as the government had reiterated its preference to have greater participation from local construction companies under a new deal as compared to the previous structure, which was dominated by Chinese contractors.


Read more at https://www.thestar.com.my/business/business-news/2019/02/22/construction-to-gain-from-ecrl-revival/#4HYp5GPSbQZCJlM1.99

https://www.thestar.com.my/business/business-news/2019/02/22/construction-to-gain-from-ecrl-revival/

https://www.bharian.com.my/bisnes/lain-lain/2019/02/533727/projek-lrt3-dalam-landasan-siap-2024

LRT3 project back on track, completion in Feb 2024
LRT3
Friday, February 22nd, 2019 at , Economy | News

By ALIFAH ZAINUDDIN / Pic by MUHD AMIN NAHARUL

THE light rail transit line 3 (LRT3) project is back on track with the signing of a novation agreement between Prasarana Malaysia Bhd, MRCB George Kent Sdn Bhd (MRCBGK) and nine work package contractors (WPC) today.

The novation agreement, which is pursuant to the fixed price contract that was signed between Prasarana and MRCBGK on Jan 25, will allow the WPCs to migrate from the previous project delivery partner (PDP) scheme to the fixed price contract scheme.

Under the new arrangement, MRCBGK is now the turnkey contractor while Prasarana takes the role as the project’s employer. The fixed price contract for LRT3 was drawn up in line with instruction by the Ministry of Finance on July 12, 2018, to reduce the project cost to RM16.63 billion.

The signing of the novation agreement was witnessed by Finance Minister Lim Guan Eng, Transport Minister Anthony Loke Siew Fook and Federal Territories Minister Khalid Abd Samad.

Prasarana was represented by its president and group CEO Datuk Mohamed Hazlan Mohamed Hussain, while MRCBGK was represented by its LRT3 project director Patrick Hwang.

The nine other companies signing the agreement are infrastructure WPCs comprise of Mudajaya Corporation Sdn Bhd, WCT Construction Sdn Bhd, Gabungan Strategik Sdn Bhd, APEX Communications Sdn Bhd, Rahimkon Sdn Bhd, Sunway Construction Sdn Bhd, Pembinaan Jaya Zira Sdn Bhd, SN Akmida and Trans Resources Corporation Sdn Bhd.

Connecting Bandar Utama to Johan Setia in Klang, the competition date for the project under the new agreement is set for February 28, 2024.

The length of the new line is maintained at 37.6km, but the number of stations has been reduced from 26 stations to 20 stations. The five stations are listed as future stations. Park and ride facilities were reduced from 6,000 to 2,300 bays and the number of trains were revised from 42 sets of 6-car trains to 22 sets of 3-car trains.

This has allowed the final project cost to be reduced from RM31.65 billion to RM16.63 billion.

Datuk Mohamed Hazlan expressed confidence that Prasarana, MRCBGK and its partners will be able to meet the project’s new deadline.

“With the commitment and the drive of the new government for a better Malaysia, we are very confident that we can meet this deadline. To do this, however, we hope all our partners with the LRT3 project especially MRCBGK and the WPCs would work closely and amicably with us at Prasarana to meet our deliverables,” he said.

LRT3 project back on track, completion in Feb 2024
LRT3
Friday, February 22nd, 2019 at , Economy | News

By ALIFAH ZAINUDDIN / Pic by MUHD AMIN NAHARUL

THE light rail transit line 3 (LRT3) project is back on track with the signing of a novation agreement between Prasarana Malaysia Bhd, MRCB George Kent Sdn Bhd (MRCBGK) and nine work package contractors (WPC) today.

The novation agreement, which is pursuant to the fixed price contract that was signed between Prasarana and MRCBGK on Jan 25, will allow the WPCs to migrate from the previous project delivery partner (PDP) scheme to the fixed price contract scheme.

Under the new arrangement, MRCBGK is now the turnkey contractor while Prasarana takes the role as the project’s employer. The fixed price contract for LRT3 was drawn up in line with instruction by the Ministry of Finance on July 12, 2018, to reduce the project cost to RM16.63 billion.

The signing of the novation agreement was witnessed by Finance Minister Lim Guan Eng, Transport Minister Anthony Loke Siew Fook and Federal Territories Minister Khalid Abd Samad.

Prasarana was represented by its president and group CEO Datuk Mohamed Hazlan Mohamed Hussain, while MRCBGK was represented by its LRT3 project director Patrick Hwang.

The nine other companies signing the agreement are infrastructure WPCs comprise of Mudajaya Corporation Sdn Bhd, WCT Construction Sdn Bhd, Gabungan Strategik Sdn Bhd, APEX Communications Sdn Bhd, Rahimkon Sdn Bhd, Sunway Construction Sdn Bhd, Pembinaan Jaya Zira Sdn Bhd, SN Akmida and Trans Resources Corporation Sdn Bhd.

Connecting Bandar Utama to Johan Setia in Klang, the competition date for the project under the new agreement is set for February 28, 2024.

The length of the new line is maintained at 37.6km, but the number of stations has been reduced from 26 stations to 20 stations. The five stations are listed as future stations. Park and ride facilities were reduced from 6,000 to 2,300 bays and the number of trains were revised from 42 sets of 6-car trains to 22 sets of 3-car trains.

This has allowed the final project cost to be reduced from RM31.65 billion to RM16.63 billion.

Datuk Mohamed Hazlan expressed confidence that Prasarana, MRCBGK and its partners will be able to meet the project’s new deadline.

“With the commitment and the drive of the new government for a better Malaysia, we are very confident that we can meet this deadline. To do this, however, we hope all our partners with the LRT3 project especially MRCBGK and the WPCs would work closely and amicably with us at Prasarana to meet our deliverables,” he said.

LRT3 project back on track, completion in Feb 2024
LRT3
Friday, February 22nd, 2019 at , Economy | News

By ALIFAH ZAINUDDIN / Pic by MUHD AMIN NAHARUL

THE light rail transit line 3 (LRT3) project is back on track with the signing of a novation agreement between Prasarana Malaysia Bhd, MRCB George Kent Sdn Bhd (MRCBGK) and nine work package contractors (WPC) today.

The novation agreement, which is pursuant to the fixed price contract that was signed between Prasarana and MRCBGK on Jan 25, will allow the WPCs to migrate from the previous project delivery partner (PDP) scheme to the fixed price contract scheme.

Under the new arrangement, MRCBGK is now the turnkey contractor while Prasarana takes the role as the project’s employer. The fixed price contract for LRT3 was drawn up in line with instruction by the Ministry of Finance on July 12, 2018, to reduce the project cost to RM16.63 billion.

The signing of the novation agreement was witnessed by Finance Minister Lim Guan Eng, Transport Minister Anthony Loke Siew Fook and Federal Territories Minister Khalid Abd Samad.

Prasarana was represented by its president and group CEO Datuk Mohamed Hazlan Mohamed Hussain, while MRCBGK was represented by its LRT3 project director Patrick Hwang.

The nine other companies signing the agreement are infrastructure WPCs comprise of Mudajaya Corporation Sdn Bhd, WCT Construction Sdn Bhd, Gabungan Strategik Sdn Bhd, APEX Communications Sdn Bhd, Rahimkon Sdn Bhd, Sunway Construction Sdn Bhd, Pembinaan Jaya Zira Sdn Bhd, SN Akmida and Trans Resources Corporation Sdn Bhd.

Connecting Bandar Utama to Johan Setia in Klang, the competition date for the project under the new agreement is set for February 28, 2024.

The length of the new line is maintained at 37.6km, but the number of stations has been reduced from 26 stations to 20 stations. The five stations are listed as future stations. Park and ride facilities were reduced from 6,000 to 2,300 bays and the number of trains were revised from 42 sets of 6-car trains to 22 sets of 3-car trains.

This has allowed the final project cost to be reduced from RM31.65 billion to RM16.63 billion.

Datuk Mohamed Hazlan expressed confidence that Prasarana, MRCBGK and its partners will be able to meet the project’s new deadline.

“With the commitment and the drive of the new government for a better Malaysia, we are very confident that we can meet this deadline. To do this, however, we hope all our partners with the LRT3 project especially MRCBGK and the WPCs would work closely and amicably with us at Prasarana to meet our deliverables,” he said.

LRT3 project back on track, completion in Feb 2024
LRT3
Friday, February 22nd, 2019 at , Economy | News

By ALIFAH ZAINUDDIN / Pic by MUHD AMIN NAHARUL

THE light rail transit line 3 (LRT3) project is back on track with the signing of a novation agreement between Prasarana Malaysia Bhd, MRCB George Kent Sdn Bhd (MRCBGK) and nine work package contractors (WPC) today.

The novation agreement, which is pursuant to the fixed price contract that was signed between Prasarana and MRCBGK on Jan 25, will allow the WPCs to migrate from the previous project delivery partner (PDP) scheme to the fixed price contract scheme.

Under the new arrangement, MRCBGK is now the turnkey contractor while Prasarana takes the role as the project’s employer. The fixed price contract for LRT3 was drawn up in line with instruction by the Ministry of Finance on July 12, 2018, to reduce the project cost to RM16.63 billion.

The signing of the novation agreement was witnessed by Finance Minister Lim Guan Eng, Transport Minister Anthony Loke Siew Fook and Federal Territories Minister Khalid Abd Samad.

Prasarana was represented by its president and group CEO Datuk Mohamed Hazlan Mohamed Hussain, while MRCBGK was represented by its LRT3 project director Patrick Hwang.

The nine other companies signing the agreement are infrastructure WPCs comprise of Mudajaya Corporation Sdn Bhd, WCT Construction Sdn Bhd, Gabungan Strategik Sdn Bhd, APEX Communications Sdn Bhd, Rahimkon Sdn Bhd, Sunway Construction Sdn Bhd, Pembinaan Jaya Zira Sdn Bhd, SN Akmida and Trans Resources Corporation Sdn Bhd.

Connecting Bandar Utama to Johan Setia in Klang, the competition date for the project under the new agreement is set for February 28, 2024.

The length of the new line is maintained at 37.6km, but the number of stations has been reduced from 26 stations to 20 stations. The five stations are listed as future stations. Park and ride facilities were reduced from 6,000 to 2,300 bays and the number of trains were revised from 42 sets of 6-car trains to 22 sets of 3-car trains.

This has allowed the final project cost to be reduced from RM31.65 billion to RM16.63 billion.

Datuk Mohamed Hazlan expressed confidence that Prasarana, MRCBGK and its partners will be able to meet the project’s new deadline.

“With the commitment and the drive of the new government for a better Malaysia, we are very confident that we can meet this deadline. To do this, however, we hope all our partners with the LRT3 project especially MRCBGK and the WPCs would work closely and amicably with us at Prasarana to meet our deliverables,” he said.

LRT3 project back on track, completion in Feb 2024
LRT3
Friday, February 22nd, 2019 at , Economy | News

By ALIFAH ZAINUDDIN / Pic by MUHD AMIN NAHARUL

THE light rail transit line 3 (LRT3) project is back on track with the signing of a novation agreement between Prasarana Malaysia Bhd, MRCB George Kent Sdn Bhd (MRCBGK) and nine work package contractors (WPC) today.

The novation agreement, which is pursuant to the fixed price contract that was signed between Prasarana and MRCBGK on Jan 25, will allow the WPCs to migrate from the previous project delivery partner (PDP) scheme to the fixed price contract scheme.

Under the new arrangement, MRCBGK is now the turnkey contractor while Prasarana takes the role as the project’s employer. The fixed price contract for LRT3 was drawn up in line with instruction by the Ministry of Finance on July 12, 2018, to reduce the project cost to RM16.63 billion.

The signing of the novation agreement was witnessed by Finance Minister Lim Guan Eng, Transport Minister Anthony Loke Siew Fook and Federal Territories Minister Khalid Abd Samad.

Prasarana was represented by its president and group CEO Datuk Mohamed Hazlan Mohamed Hussain, while MRCBGK was represented by its LRT3 project director Patrick Hwang.

The nine other companies signing the agreement are infrastructure WPCs comprise of Mudajaya Corporation Sdn Bhd, WCT Construction Sdn Bhd, Gabungan Strategik Sdn Bhd, APEX Communications Sdn Bhd, Rahimkon Sdn Bhd, Sunway Construction Sdn Bhd, Pembinaan Jaya Zira Sdn Bhd, SN Akmida and Trans Resources Corporation Sdn Bhd.

Connecting Bandar Utama to Johan Setia in Klang, the competition date for the project under the new agreement is set for February 28, 2024.

The length of the new line is maintained at 37.6km, but the number of stations has been reduced from 26 stations to 20 stations. The five stations are listed as future stations. Park and ride facilities were reduced from 6,000 to 2,300 bays and the number of trains were revised from 42 sets of 6-car trains to 22 sets of 3-car trains.

This has allowed the final project cost to be reduced from RM31.65 billion to RM16.63 billion.

Datuk Mohamed Hazlan expressed confidence that Prasarana, MRCBGK and its partners will be able to meet the project’s new deadline.

“With the commitment and the drive of the new government for a better Malaysia, we are very confident that we can meet this deadline. To do this, however, we hope all our partners with the LRT3 project especially MRCBGK and the WPCs would work closely and amicably with us at Prasarana to meet our deliverables,” he said.