PETALING JAYA: Damansara Realty Bhd (DRealty) is teaming up with China State Construction Engineering (M) Sdn Bhd (CSCEM) to tender for the 4km Johor Baru-Singapore rapid transit system (RTS) railway project.
In a statement yesterday, DRealty said that it had signed a memorandum of understanding (MoU) with China State Construction Engineering Corp’s (CSCEC) subsidiary CSCEM, agreeing to jointly bid for the RTS project, a 4km railway link connecting Bukit Chagar station in Johor Baru to Woodlands in Singapore.
The RTS is slated to be completed by the end of 2024.
The MoU seeks to lead to a formal partnership between DRealty and CSCEM if the tender is successful and proceeding on to a definitive agreement.
“We are excited to enter this expression of interest to work with CSCEM, the Malaysian arm of one of the world’s largest construction companies, on the RTS project,” said DRealty group chief executive officer Brian Iskandar Zulkarim.
Ranked 24th among Fortune Global 500 enterprises, CSCEC is a China state-owned company specialising in infrastructure development and construction, in particular, high-rise buildings, railways, super-large bridges, highways and urban rail transportation.
“With our strong track record in management and the strength of our performance in infrastructure, we believe we bring considerable advantage to the implementation of this project. At the same time, cooperation with DRealty is guaranteed to enhance our success in the project,” said CSCEM managing director, Lyu En.
Aside from property and land development, DRealty’s core businesses are in integrated facilities management and project management consultancy, offering services ranging from project planning and development, maintenance and operations, to car park solutions, cashless payment solutions and management of assets.