Protasco wins road contract

PETALING JAYA: 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 Jan 1,2020 to Dec 31,2029.

Protasco said the contract sum is 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 positively to its future earnings.