MRT construction site for Pasar Seni underground station. There is a shortage of qualified supervisory personnel in the construction industry, but the good news is that no formal education is needed for someone to apply for the job, provided he obtains certified training from relevant institutions.
KUALA LUMPUR: One of the two contracts secured by TRC Synergy Bhd’s unit, Trans Resources Corp Sdn Bhd, from Mass Rapid Transit Corp Sdn Bhd (MRT Corp) in March has been terminated.
The RM74.4mil contract was cancelled in accordance with Clause 62 of the conditions of contract (termination on national interest), said the construction and property development group.
In a filing with Bursa Malaysia on Monday, TRC Synergy said it had on May 20 (date is correct) received the notice of termination of works from MRT Corp’s project delivery partner, MMC Gamuda KVMRT (PDP SSP) Sdn Bhd, for the contract that involved renovating two blocks in Sultan Abdul Samad Building in Kuala Lumpur.
The job also included relocating, among others, the Craft Museum, Karyaneka craft boutique and souvenir shops, and the National Heritage Department office to these blocks, and moving the Craft Village and Artist Village to Dataran Underground nearby.
The other contract, which apparently is not affected, is worth RM103.8mil and is also in relation to the MRT Line 2 project (Sungai Buloh-Serdang-Putrajaya). Under it, TRC was tasked to construct the Pasar Seni Paid Link between the existing LRT station at Central Market and the Kuala Lumpur KTM station.
TRC Synergy, in response to the termination letter, has begun negotiation and discussion with MMC Gamuda KVMRT on the consequences of the termination and to determine the final quantum of compensation payable to TRC.
“The negotiation is still ongoing,” the company said.
TRC Synergy said the termination was not expected to have any material effect on the earnings, net asset and gearing of the company and the group for the financial year ended Dec 31, 2016.
* See also TRC Synergy explains delay in reporting termination of MRT contract
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