KUALA LUMPUR: TRC Synergy Bhd
said its joint venture, CCCC-TRC-UFUK, has accepted a contract from MRT Mutiara Sdn Bhd for the Penang Light Rail Transit (LRT) project - Mutiara Line Package CMC2 valued at RM2.69bil.
According to the description provided in the company's filing with Bursa Malaysia, the five-year contract entails the construction of a sea crossing viaduct including spans for navigation channels, elevated station and other associated works from Macallum to Penang Sentral.
CCCC-TRC-UFUK Joint Venture is an unincorporated joint venture comprising China Communications Construction Company Ltd (CCCC), TRC Construction Sdn Bhd (TRC), a wholly-owned subsidiary of the Company, and Ufuk Semarak Sdn Bhd (UFUK).
TRC has a 30% participation interest in the JV, which is expected to contribute positively to the revenue and earnings of the company over the duration of the contract.
