Cahya Mata-Bina Puri JV wins RM1.36bil Pan Borneo Highway project

Upgrading of the pan borneo highway between Miri and Bintulu under progress as seen here along the highway route at 120km from Miri. Picture by Ansovina Chai.

KUALA LUMPUR: PPES Works (Sarawak) Sdn Bhd and Bina Puri Sdn Bhd joint venture (PPESW-BPSB JV) have secured a RM1.36bil contract from Lebuhraya Borneo Utara Sdn Bhd. 

Bina Puri Sdn Bhd is a wholly owned subsidiary of Bina Puri Holdings Bhd while PPES Works is a 51% owned indirect subsidiary of Cahya Mata Sarawak Bhd. 

In a filing with Bursa Malaysia on Monday, Bina Puri Holdings said the contract was for the proposed development and upgrading of phase one of the Pan Borneo Highway, covering Sungai Awik Bridge to Bintangor Junction in Sarawak. 

“The contract is for duration of 47 months from the date of the letter of award,” Bina Puri said. 

PPESW-BPSB JV is a 70 (PPESW): 30 (BPSB) joint venture, and a joint-venture company would be incorporated to undertake the contract as a condition imposed in the tender for the contract, it said. - Bernama