IJM Construction bags two contracts worth RM327.6mil in KL, Penang

Mezzo, the first and a key residential component of The Light City with stunning views of the Penang Straits, had its soft launch in February this year.

KUALA LUMPUR: IJM Construction Sdn Bhd has secured two contracts, an RM89.8 million contract for the construction of infrastructure building and public realms’ works at Tun Razak Exchange (TRX), Kuala Lumpur, and another contract worth RM237.8 million for the construction of Mezzo residential tower at The Light City, Gelugor, Penang.

For the first contract which was awarded by TRX City Sdn Bhd, is to undertake civil and structural and architectural works; mechanical and electrical services; both hardscape and softscape works; signages and wayfinding as well as amenities in the international financial district.

In the statement today, the wholly-owned unit of IJM Corporation Bhd said work is expected to start immediately and be completed in 14 months.

The project adds to IJM Construction’s current work in TRX which include HSBC Malaysia and Affin Bank’s new headquarters as well as TRX Residences.

The second contract for The Light City’s Mezzo residential tower includes the construction of a 34-storey, 456-unit high-end luxury condominium.

IJM Construction received the letter of acceptance this month from Jaringan Simfoni Sdn Bhd, a wholly owned subsidiary of The Light City’s developer, IJM Perennial Development Sdn Bhd -- a joint venture between IJM and Perennial Holdings Pte Ltd, a Singapore-based integrated real estate and healthcare company.

"Construction work is scheduled to commence in June this year and is expected to be completed within 42 months in November 2024. The Mezzo contract win will add to IJM Construction’s growing footprint of projects in Penang,” it added.

At 3.12 pm, shares of IJM Corp Bhd are up three sen to RM1.90. - Bernama