Citaglobal secures RM261mil contract for KVDT 2

KUALA LUMPUR: Citaglobal Bhd said its wholly-owned subsidiary Citaglobal Engineering Services Sdn Bhd has secured a RM261mil contract for the Klang Valley Electrified Double Track Phase 2 (KVDT 2) project.

in a statement, the group said it received the letter of award from main contractor Dhaya Maju Infrastructure (Asia) Sdn Bhd (DMIA) for the supply, delivery, construction, successful completion and maintenance of bridges, culverts, drainage and fencing works that form part of the KVDT 2 project.

Citaglobal executive chairman, president and major shareholder Tan Sri Mohamad Norza Zakaria said the award brings the group's order book to about RM1bil, and is epected to to contribute positively to the earnings, earnings per share and net assets of the group during the contract period.

KVDT 2 is a rail rehabilitation venture that covers 265km of the electrified double-track network in the Klang Valley, Malaysia.

The project covers the stretch from Salak South to Seremban, and from Simpang Port Klang to Port Klang.

DMIA is currently running the KVDT 2 project with a joint venture, Dhaya Maju LTAT Sdn Bhd.