Company believes it is qualified for package 2 contract


Smart buy: Each of the Eden Fields double-storey terraced units are on a built-up area of over 2,000sq ft. — filepic

KUCHING: Hock Seng Lee Bhd (HSL) is awaiting the outcome of its bid for Kuching centralised wastewater management sytstem project package 2 contract, according to its managing director Datuk Paul Yu Chee Hoe.

He said the company, which successfully implemented package 1, believed it is well qualified to be a leading contender for the project’s essential next phase works.

Yu said the final property connection phase under package 1 had been fully completed.

To recap, a consortium formed by HSL and Kumpulan Nishimatsu started works on the RM530mil package 1 in October-2008.Package 1 is made up of three key components - a wastewater treatment plant, a sewer network (overall length of 64.5km consisting of trunk, secondary and tertiary sewer) and property connections involving some 2,830 commercial and residential properties.

The project, which is based on the Singapore model, is to collect grey and black water and pipe it underground to the treatment plant where it is processed into clean water before being discharged back to the environment.

Before the treatment plant was operational in 2013, the wastewater had been discharged into the drains and waterways, causing heavy pollution to the Sarawak River where the city draws its raw water for treatment as drinking water.

Following the completion of package 1,Yu said the pollution of the city’s rivers would gradually be alleviated.

Reviewing HSL’s 2014 operations and performance, Yu said the group also completed several major road contracts in Samarahan, Bako and Pusa,infrastructure works for industrial parks in Demak Laut here and Samalaju in Bintulu and two building contracts in Bintulu.

The group’s property arm completed 80 new homes at Eden Fields and 78 homes are Samariang Aman 2.

Yu said the group secured RM325mil worth of contracts last year, bringing its current order book to over RM1.5bil.

“Over 75% of our new contracts in 2014 was related to the Sarawak Corridor of Renewable Energy (SCORE), particularly at the growth nodes town of Samalaju where we procured infrastructure works at Samalaju Industrial Park (phase 3), road in Tanjong Kidurong and the raw water intake from Sungai Samalaju and the administrative building works for the (new) port,” he added in the company’s 2014 annual report.

He said HSL would bid for new contracts,including road packages of the Pan Borneo Highway and bridges, power plants, mass reclamation works, flood mitigation, water supply, affordable housing and building construction contracts.

“HSL’s marine engineering and infrastructure expertise and our technical prowess remain our key competitive advantages.

“Our sound financial standing puts us in a favourable position to bid for large projects or design and build proposals with flexible financial formats. We currently have no borrowings and have considerable cash reserves,” he added. As at Dec 31, 2014, HSL had cash and cash equivalent of RM149.4mil.

Yu said HSL had started the construction of its proposed headquarters — a multi-storey purpose built premises — in its La Promenade development site along Kuching-Samarahan Expressway.

La Promenade is a 200-acre mixed development, its inaugural phase of 44 luxury houses is expected to be open for sale soon.

Besides residential homes, the ambitious project will comprise commercial and industrial properties. Works underway now include a feature lake and central boulevard project.

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