PETALING JAYA: Ekovest Bhd’s wholly-owned subsidiary, Ekovest Construction Sdn Bhd (ECSB) has bagged a contract worth RM1.979bil from Adil Permata Sdn Bhd (APSB) for the Rapid Transit System Link Rail connecting Johor Baru and Singapore (RTS Link Project).
APSB is the appointed main contractor by Malaysia Rapid Transit System Sdn Bhd (MRTS), the developer and owner of the civil infrastructure for the section in Johor Baru to Singapore for the RTS Link Project.
“The participation of ECSB as the collaborative partner of APSB and the engineering, procurement and construction contractor to undertake the construction of the RTS Link Project will replenish the construction order book.
“It is also expected to contribute positively to the financial performance of Ekovest and its group of companies,” the construction company said in a filing with Bursa Malaysia.
Ekovest said the RTS Link Project consists of a railway shuttle link of approximately four kilometres with two stations in Bukit Chagar, Johor Baru and Woodlands, Singapore.
The link for the RTS Link Project would be a modern light rail transit system that would provide a high volume, fast and efficient transportation system between the two stations.
It will provide an alternative means of transportation that would help alleviate the congestion at immigration checkpoints for both countries, it said. — Bernama