Home › Business › Business News
Tuesday, 12 March 2013
PETALING JAYA: Sunway Bhd's indirect wholly-owned subsidiary, Sunway Construction Sdn Bhd (SunCon), has accepted a letter of award worth approximately RM452.5mil from Syarikat Prasarana Negara Bhd for the proposed design, construction, completion and commissioning of the proposed bus rapid transit (BRT) - Sunway Line.
“The works include guideway and halts, depot, park and ride, and mechanisation of the oxidation pond of the proposed BRT.
“The proposed BRT is targeted to be completed within 24 months from the date of award and is expected to contribute positively to the earnings of Sunway from the financial year ending Dec 31, 2013 onwards,” said Sunway in its filing with Bursa Malaysia yesterday.
The proposed BRT will provide eco-friendly bus services on elevated tracks for visitors to Sunway Resort City and residents in Bandar Sunway and Subang Jaya.
The completion of the proposed BRT, which is approximately 5.4 km, will link key commercial areas in Bandar Sunway and Subang Jaya with seven stations as well as strategically connecting to other modes of public transportation such as the light rail transit (LRT) and KTM Komuter.
As part of Sunway's continuous corporate social responsibility initiatives, Sunway will additionally and separately contribute works estimated to cost approximately RM99mil to the proposed BRT .
The project is subject to normal construction risk of material price fluctuation. However, with the past experience and expertise of SunCon in construction projects in Malaysia, this risk could be mitigated.
Due to open in early 2015, it was reported that this line would address the traffic congestion in Bandar Sunway, especially the traffic heading from Sunway Pyramid on to the Federal Highway.
Previous reports had also stated that the line would have stops at the Sunway Mentari area, Sunway Lagoon, Sunway Medical Centre, Monash University (with park and ride), the Summit Subang USJ shopping centre, and Persiaran Kewajipan near Goodyear Court.
With high-catchment stops that service the township's universities as well as the popular Sunway Pyramid, both of which attract a high number of students and young people, the BRT would likely be well-utilised. It will be complemented by an elevated pedestrian network which recycles parts of the infrastructure previously erected by the Sunway Group for its mini monorail system.
The BRT is also Bandar Sunway's missing link between the KTM line (connecting to the Setia Jaya station) and the LRT extension (connecting near Summit USJ).
Getting a taste of Malaysia
‘Belt-road’ to benefit businesses
Hotbed of innovation
Outstanding business leaders honoured at APEA 2015
Najib urges bumiputra entrepreneurs to aim high, strive for the best
RAM Ratings: Ringgit unlikely to touch RM4 to the dollar
Tech lift to productivity overlooked? The Fed doesn't think so
S&P lowers outlook for EU after Greece crisis
Hartalega Q1 earnings up nearly 10% to RM62.68m
How to manage your project cashflow
U.N. envoy to Yemen says warring parties increasingly open to peace plan
Malaysian racer Jazeman needs corporate sponsors for F1 drive
ICANN posts proposal to end US oversight of Internet
Copyright © 1995-2015 Star Media Group Berhad (ROC 10894D)(Formerly known as Star Publications (Malaysia) Berhad)