Foreign funds have continued to be net buyers on Bursa Malaysia on Monday at RM167.64mil.
KUALA LUMPUR: Scomi Engineering Bhd has secured additional works for the Line 17 – Gold Sao Paulo monorail project in Brazil worth RM504.6mil, increasing its total contract value to RM601.8mil.
The oil and gas services and transport solutions provider said on Wednesday it was initially awarded a contract to provide the design, systems integration and certain key parts of the rolling stocks in 2013.
With the additional contract, it is now directly contracted to provide full rolling stocks and additional systems, including signalling and operations control centre systems, track switches, power rails, power supply and distribution system and fibre optics as well as cable trays, it said.
The project is targeted for completion in the first quarter of 2018.
The Line 17 – Gold alignment spans 8.8km and it will feature automatic train operation (driverless) technology.
When completed, the monorail trains can transport 36,000 passengers per hour per direction and reach speeds of up to 80km per hour.
It is targeted for completion in the first quarter of 2018.
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