Tanco aims to secure contracts worth RM200mil in 2022


KUALA LUMPUR: Tanco Holdings Bhd, which has secured two contracts worth a total of RM41.5mil for subcontract work for the East Coast Rail Link (ECRL) project, aims to secure contracts worth some RM200mil this year.

“We will be aggressively pursuing more construction contracts in the coming year which includes the ECRL, and private sector works.

“We aim to secure contracts worth some RM200mil by the end of 2022,” Tanco group managing director Datuk Seri Andrew Tan said in a statement.

Tanco’s unit, Tanco Builders Sdn Bhd (TBSB) has secured two contracts worth a total of RM41.5mil for subcontract works from Sri Medan Holding Sdn Bhd for the ECRL project, of which China Communications Construction (ECRL) Sdn Bhd is the main contractor.

TBSB is a wholly-owned subsidiary of Tanco Development Sdn Bhd, which in turn is a wholly-owned subsidiary of Tanco.

Tanco said TBSB had been awarded two contracts; construction and completion of subgrade works for Section 2 of the rail link which borders Kelantan and Terengganu, and construction and completion of structure works for eight bridges in Besut and Setiu, Terengganu.

The construction work on the first project is scheduled to start on Feb 8, 2022 and is due for completion within some 31 months from the commencement date.

The second project’s commencement date is pending confirmation from China Communications Construction (ECRL) Sdn Bhd.

“Tanco Builders is proud to contribute to the construction of ECRL which is set to act as a catalyst in the post-Covid-19 economic recovery of Malaysia,” Tan said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Tanco , ECRL , construction ,

   

Next In Business News

Ringgit rebounds against US$ at opening
Watch out for potential policy changes on Indonesian CPO, says RHB
Bursa bounces higher in anticipation of firmer earnings
Trading ideas: Bintulu Port, TPC Plus, GIIB, Southern Acids, Magnum, Kobay Technology, Tomei Consolidated, Dayang Enterprise, Petronas Gas and Hup Seng Industries
UK consumer morale hits lowest since records began in 1974
Japan, guarding against weak yen, urges G7 reaffirm FX agreement
Indonesia president declares end of palm oil export ban from Monday
Oil price rebounds from two days of losses in volatile trade
World stocks slide as growth fears persist, safe-havens gain
Exports beat market forecast

Others Also Read