Taliworks Corp Bhd is evaluating the potential of infrastructure projects in China and Sumatra, said chairman Datuk Zabir Bajuri.
At the moment, we are carrying out feasibility studies on the water supply schemes in China and Sumatra, he told reporters after the company AGM in Kuala Lumpur yesterday.
He said the project under consideration was in southern China and would involve the taking over and upgrading of an existing treatment plant and the construction of new water treatment plant.
Taliworks expects a reasonable performance this year with growth in water consumption and contribution from its central Kedah turnkey construction project.
The company had entered into an agreement with the Kedah government and Yiked Holdings Sdn Bhd to enable Yiked and Taliworks to form a joint-venture company known as Air Kedah Sdn Bhd.
Work on the project, worth RM120mil, will start next month and is expected to be completed in two years' time.
Besides that, the joint-venture company will be involved in other integrated water supply schemes in northern and southern Kedah to provide treated water primarily to Penang and Perlis.
Zabir said at present the Kedah government and Air Kedah Sdn Bhd were pursuing the development of the two schemes on a government-to-government basis with Penang and Perlis. The projects are estimated to cost more than RM550mil, subject to finalisation of technical and financial studies.
The group posted a 38.7% rise in pre-tax profit to RM53.4mil for the year ended Dec 31, 2002 from RM38.5mil previously. Bernama