KLSE (MYR): GADANG (9261)
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buddyinvest
719 posts
Posted by buddyinvest > 2016-02-28 09:18 | Report Abuse
Shaman, as per your request.
The Edge Weekly Feb 29 - March 6, 2016
IJM, Suncon and Gadang Frontrunners for MRT
IJM Corp Bhd, Sunway Construction Group Bhd and Gadang Holdings Bhd are among the front runners for major work packages in MRT2. The packages have a combined value of RM3bil and are expected in to be awarded in early to mid March 2016, according to sources.
The Edge understands that the three home grown construction firms are likely to be the "main players" in MRT2, while Mudajaya & AZRB will also get a slice of the pie.
It is learnt that MRT Corp is expected to award at least two packages, worth about RM1.5bil each, in MRT2 between early to mid March.
A quick check on MRT Corp's website shows that to date, only four advanced work packages for MRT2 have been awarded. They were awarded between last Nov and early Feb.
According to sources, the contractors who were involved in MRT1 should have some advantages in securing contracts for MRT2 as they have proven track records.
During MRT1, top perfomer among all contractors will be declared monthly champion. The performances of IJM, Suncon, especially Gadang, have been consistently good, says the sources.
To recap, Gadang undertook earthworks at the Sg Buloh depot for RM23.9mil and is constructing the viaduct guideway from Kota Damansara to Dataran Sunway for RM863mil.
The proposed alignment of MRT2 is 52.2km, of which 13.5km will be underground. A total of 36 stations, 11 of them underground, will be built.
MRT2 is expected to complete and is slated to begin operations in the second half of 2021.
Good luck boys.