Pestech secures RM64.9m contract for RTS Link


The Rapid Transit System Link (RTS) is between Johor Baru and Singapore.

KUALA LUMPUR: Pestech International Bhd today announced its unit Pestech Technology Sdn Bhd has secured a contract from RTS Operations Pte Ltd for traction power supply of Rapid Transit System (RTS) Link Asset for the RTS link between Malaysia and Singapore worth RM64.95 million.

In a filing with Bursa Malaysia today, it said the contract is for the design, manufacture, supply, delivery, installation, testing and commissioning, interfacing, warranty and other related works. It will start immediately and it is expected to be completed by Sept 30, 2026.

"The procurement of this letter of acceptance through open bidding process signifies recognition of Pestech’s capability in delivering full EPCC (engineering, procurement, construction and commissioning) in rail electrification projects and plants, the milestone of the group in bringing local expertise in rail electrification to serve the ASEAN region," it said.

The company said the project will contribute positively towards the future revenue and earnings of Pestech in accordance with the stage of project progress to be recognised in the financial years ending June 30, 2022 to June 30, 2027.

The RTS is a 4-kilometre link connecting Johor Bahru and Woodlands that will have the capacity of 10,000 passengers per hour, per direction with an expected ridership of about 40,000 passengers per day upon opening. - Bernama
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Business News

Ringgit slips at the close, touches 4.40 mark against US dollar
Unemployment in October lowest since start of Covid-19 pandemic
Tuju Setia bags RM264mil contract to build apartments
Muhibbah wins new contract worth RM116.4mil
The hype around esports is fading as investors and sponsors dry up
Bursa Malaysia launches shariah-compliant carbon exchange
FBM KLCI rebounds to end on intraday high
Oil bounces on pipeline shutdown, but heads for weekly loss on demand woes
Change in govt administration will not derail RTS project: MRT Corp
Temasek's PSA explores multi-billion dollar exit from Hutchison Ports-sources

Others Also Read