SELL ON NEWS: Theta Edge said it has teamed up with India-based power transmission giant KEC International Ltd to bid for Tenaga Nasional Bhd’s (TNB) future grid projects.
"Our focus on strategic position, consortium establishment, capability building n monetisation core products will drive our journey towards a market capitalisation of RM2B"
Multi-lane free flow (MLFF) toll system to cost RM3.46 billions. MLFF was the future of toll collection, and that its implementation will have a positive impact in easing traffic congestion at toll plazas, because motorists would not need to stop or slow down their vehicles to carry out toll fare transactions.
It has been reported that Theta Edge is eyeing several large-scale government projects but has yet to announce any successes.
The company earlier proposed an autonomous rapid transit (ART) system in Johor Bahru, in collaboration with SIPP Rail Sdn Bhd, Mobilus Sdn Bhd and Lion Pacific. A 24-member delegation from the Johor state government, led by the state’s Public Works, Transport, Infrastructure and Communications exco Mohamad Fazli Mohamad Salleh, went to Kuching in February for a test ride on the ART prototype vehicle.
Theta Edge, meanwhile, is understood to have been shortlisted for the National Immigration Information System or NIISe project, alongside DNeX and HeiTech Padu Bhd, The Edge reported last month.
The contract involves data integration from 13 modules of the existing border control system. Of the three shortlisted companies, Theta Edge is the smallest in terms of market capitalisation. DNeX is a RM1.31 billion company and HeiTech Padu is valued at RM238.9 million.
Theta Edge’s chief executive officer Datuk Nuraslina Zainal Abidin, meanwhile, told The Edge separately that the company is looking for suitable consortium partners to bid for a RM3.46 billion multi-lane free-flow toll system for toll roads.
The group is also participating in Prasarana Malaysia Bhd’s tender for an integrated common payment system in its public transport systems in Klang Valley, she was reported as saying in an article published early this month.
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Posted by KingKoil > 2024-03-11 19:15 | Report Abuse
Fund accumulates. Too obvious for PADU. DNEX continue PP.