WCT’s LRT 3 portion at RM819mil


WCT said pursuant to the agreement, its scope of works of the LRT3 from Bandar Utama to Johan Setia had been revised, with a new contract price of RM819mil.

PETALING JAYA: WCT Holdings Bhd has executed an articles of agreement with MRCB George Kent Sdn Bhd (MRCBGK), following the latter’s appointment as a turnkey contractor for the Light Rail Transit 3 (LRT3) project.

This was a result of the change from a project delivery partnership to a turnkey contractor pursuant to a contract between Prasarana Malaysia Bhd and MRCBGK.

WCT said pursuant to the agreement, its scope of works of the LRT3 from Bandar Utama to Johan Setia had been revised, with a new contract price of RM819mil.

The revised completion date for the LRT3 project would be Nov 30,2023, the construction company added.

WCT said the revision of works was related to packages GS02 and GS03 of the LRT project.

In total, the group had won three packages under LRT3 in 2017. These packages were estimated to be worth a total of RM1.7bil originally. WCT’s shares rose half a sen to close at 53 sen yesterday.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3

WCT Holdings , LRT 3 , George Kent , MRCB ,

   

Next In Business News

CMS deputy group chairman takes leave of absence�
Willowglen bags RM7.84mil PowerGas job in Singapore�
Top Glove slashes Hong Kong stock offering to RM4.22bil�
BHIC secures RM78.14mil Navy submarine facilities contract
SC to create Islamic Fintech accelerator programme
Bank Pembangunan appoints Nazir Razak as new chairman
Proton spends over RM200mil on new stamping facility
Pekat Group seeks listing on Bursa Malaysia's ACE Market
FBM KLCI rebounds to end above 1,600-level
Govt approves RM1.38bil for Penjana SME programme as of April 9

Stories You'll Enjoy


Vouchers