Protasco wins 10-year contract for road management services in Sarawak

  • Corporate News
  • Monday, 09 Dec 2019

KUALA LUMPUR: PROTASCO BHD's 30%-owned associate company PJP Barisan JV Sdn Bhd has secured a performance-based contract for the long-term management and maintenance of state roads in Mukah, Sarawak.

The contract is for a period of 10 years effective from Jan 1, 2020, to Dec 31, 2029.

Protasco said the contract sum is about RM24.6mil per annum, subject to review every three years with a maximum increase of 7.2% per revision.

The group expects the contract to contribute positive to its future earnings.

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