Comintel accepts revision of construction contract to RM260mil

PETALING JAYA: Comintel Corp Bhd had accepted a revised letter of award from Binastra Construction (M) Sdn Bhd for construction works that raises the contract value to RM260mil from RM122.6mil, due to a wider work scope.

In a filing with Bursa Malaysia, Comintel said the contract covers the construction and completion of reinforced concrete frame works, architectural and infrastructure works for a development project comprising of five blocks of affordable apartments under “Satu Anggota Satu Rumah” housing at Jalan Tasik Selatan, Kuala Lumpur.

“The contract is expected to provide an additional income stream for the group over the next three financial years,” it said.