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

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

IJM Construction , contract , TRX , Mezzo , HSBC , Affin Bank


Next In Business News

Fernandes: Aviation industry likely to return to normal in 2022
KPower energises global energy, solar market
MEF: Well-coordinated enforcement activities on businesses crucial
Mustapa: 12MP includes National Recovery Plan
Maybank IB cliches top awards at FinanceAsia Country Awards, Alpha SEA
CPO futures to see profit-taking activities next week
Leon Fuat cautious on demand of steel products as Covid worries weigh
Pertama Digital, Experian to jointly explore alternative credit scoring solutions
Some commodities have now wiped out all of their 2021 gains
Job value proposition

Stories You'll Enjoy