TDM bags construction job worth RM72mil


PETALING JAYA: TDM Bhd is engaging Tawau Healthcare Sdn Bhd (THSB) in a RM72mil contract to build, construct and undertake renovation works for a new specialist hospital building in Tawau, Sabah.

Upon completion of the project, THSB shall grant a sub-lease of the new land together with the new specialist hospital building to TDM through its unit KMI Tawau Medical Centre Sdn Bhd (KMITMC).

The RM72mil is its gross development cost (GDC) which comprises all costs related to the project, of which include the costs for the construction works, installation of major equipment and facility system to the new specialist hospital buildings including the salaries of employees involved with the project etc, it said.

The arrangement will then see KMITMC paying a monthly rent representing 7% per annum of the GDC or the revised GDC to THSB for the initial new sub-lease term and the renewed new sub-lease, which shall be reviewed every three years.

The rent shall be capped at 10% increment of the immediate preceding rent rate at the expiry of the initial new sub-lease term, it said.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
TDM , Tawau Healthcare , hospital , Tawau

Next In Business News

NIM compression could impact banks' income
Binastra strengthens foothold in construction industry
Able Global's intraday short-selling suspended
AirAsia X reports 20% increase in passengers carried in 4Q24
Ringgit opens firmer against greenback as DXY remains muted
Blue chips rally expected to continue after short breather
Trading ideas: MAHB, Binastra, Privasia, Capital A, IJM, Mah Sing, MPI, Cape EMS, KGW, Steel Hawk, Pavilion REIT, Carlsberg, Heineken
Oil sinks after Trump calls Putin, Zelenskiy to end Ukraine war
S&P 500 ends down on hot US inflation data
EPF denies misconduct in MAHB shares

Others Also Read