Ibraco and China partners to set up JV after securing RM568.61mil contract from Sarawak Metro

KUALA LUMPUR: Ibraco Bhd is expected to set up a joint-venture company with China Railway Engineering Corporation (M) Sdn Bhd (CRECM) and Nanyang Tunnel Engineering Sdn Bhd (NYTE) after securing a project related to the Kuching Urban Transportation System (KUTS) worth RM568.61 million.

Ibraco Construction Sdn Bhd (ICSB), a wholly-owned subsidiary of Ibraco Bhd, had partnered with CRECM and NYTE (collectively referred to as ICSB-CRECM-NYTE) to participate in the open tender by Sarawak Metro Sdn Bhd (SMSB).