PETALING JAYA: Pansar Bhd
’s subsidiary – Pansar Company Sdn Bhd – has been appointed to undertake two guardrail projects for the proposed Pan Borneo Highway in Sarawak with a total contract value of RM72.06mil.
This came in two contracts, one from Dermaga Makmur Sdn Bhd, involving the stretch from the Sg Kua Bridge to the Sg Arip Bridge for RM33.3mil. The other contract, valued at RM38.76mil, is by Hart Builders Sdn Bhd for the Pantu Junction to Btg Skrang stretch.
The contract period for the first project is 21 months and the delivery work is expected to commence in July 2020, while the second project will last for 18 months with delivery work expected to commence in September 2020.
Pansar business division general manager David Tai Wei said the projects are expected to contribute positively to the earnings and net assets of Pansar as it progresses during the contract period.
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