Econpile bags RM76.9mil bored piling contract for EKVE

KUALA LUMPUR: Econpile Holdings Bhd has secured a RM76.9mil contract to undertake bored piling works for packages one and two of the proposed East Klang Valley Expressway (EKVE). 

The piling and foundation specialist said on Tuesday its unit Econpile (M) Sdn Bhd had received the letter of award from Ahmad Zaki Sdn Bhd on Feb 26, 2016.

The contract comprised bored piling works for the two packages under the EKVE interchanges and spur roads project.

“The duration of the contract is approximately 24 months and is expected to complete in February 2018. The contract is the mainstream business of EMSB and is expected to contribute positively to the revenue and earnings of Econpile for FY ending June  30, 2016,” it said.

Earlier this year, EMSB received a RM20.3mil letter of acceptance also from Ahmad Zaki Sdn Bhd to undertake piling and sub-structure works for a mixed commercial and residential development in Kampung Baru, Kuala Lumpur. The duration of the contract was about eight months and is expected to be completed in July.