Sunway Construction subsidiary bags RM1.6bil contract

KUALA LUMPUR: Sunway Construction Sdn Bhd (SCSB), a subsidiary of Sunway Construction Group Bhd, has bagged a RM1.61bil contract to design and construct government office buildings.

It said on Friday SCSB had accepted the letter of award from Putrajaya Bina Sdn Bhd to design and build government offices in Precinct 1, Putrajaya. The development would consist of office towers, podium parking and external works for Parcel F.

Sunway Construction said the contract consisted of the construction 10 blocks of government office buildings and one block of shared facilities and targets to achieve a Gold Certification under the Green Building Index requirements.

Work would start on Sept 18, 2015 and expected to be ready in 34 months. It expected the contract to contribute positively to the group’s earnings for the financial year ending December 31, 2015 onwards.

“With the letter of award, the total outstanding order book for SunCon Group as of to-date is RM4.3bil. 

“The project is subject to normal construction risk of materials price fluctuation.  However, with the past experiences and expertise of SCSB in construction projects, this risk could be mitigated,” it said.