KUALA LUMPUR: Bina Puri Holdings Bhd, Nexgram Holdings Bhd and UEM Edgenta Bhd are among companies eyeing construction and rail projects under the 11th Malaysia Plan (11MP).
Bina Puri group executive director Matthew Tee Kai Woon said the company was interested in bidding for multibillion construction projects under 11MP.
He said the company was gearing up to take on larger infrastructure developments, such as the Light Rail Transit Line 3 (LRT 3) and the Mass Rapid Transit Line 2 (MRT 2).
"Yes we will be participating in the LRT 3 and MRT 2 projects and also in the Pan Borneo Highway project in Sabah and Sarawak," he told Business Times recently.
The LRT 3 and MRT 2, worth a combined RM34 billion, are expected be rolled out in the next two years.
The Pan Borneo Highway, to be built at a cost of RM27 billion, involves the construction and upgrading of some 1,663km of roads. It is expected to be completed by 2023.
If the projects were awarded to Bina Puri, Tee said the company might look for strategic partners.
The 11MP is geared towards strengthening the infrastructure to support economic growth, with a focus on building an integrated need- based transport system.
The transport and logistics sector will continue to remain a crucial driver of growth that will leverage on new investments in road, rail and air services to boost regional development.
The plan outlines the prioritising of regional connectivity for new highways, of which the focus will be outside the Klang Valley and other urban areas. It will also focus on rural and rural-urban connectivity.
Other key infrastructure projects are the West Coast Expressway, Kota Bharu - Kuala Krai Highway, East Coast Expressway, Gemas - Johor double-track and Kuala Lumpur - Singapore high-speed rail.
Tee said there were plenty of projects under the 11MP, of which the construction players would be major beneficiaries.
However, he said the implementation could be delayed, noting that some projects, such as the Sabah portion of the Pan Borneo Highway and KL118, had experienced delays.
Nexgram executive director Alan How Han Lun confirmed that the company was interested in road projects under 11MP. He, however, did not want to elaborate further.
"We will announce it when everything is confirmed." Malaysian Resources Corp Bhd (MRCB) is also said to be interested in bidding for construction projects under 11MP.
Sources said if the projects could fit into the company's operations and add value for its shareholders, MRCB would bid for them.
Business Times had also reported that UEM Edgenta Bhd was optimistic of getting infrastructure contracts under the 11MP.
Managing director and chief executive officer Azmir Merican said: "We expect growth to come from new infrastructure projects, particularly for urban highway construction.
Thus, we are optimistic about our chances of getting contracts from some 11MP projects." The company had secured several local and overseas contracts worth more than RM4.72 billion between last year and this year.
Source: New Straits Times | Business | 8 June 2015
Bina Puri group executive director Matthew Tee Kai Woon said the company was interested in bidding for multibillion construction projects under 11MP.
He said the company was gearing up to take on larger infrastructure developments, such as the Light Rail Transit Line 3 (LRT 3) and the Mass Rapid Transit Line 2 (MRT 2).
"Yes we will be participating in the LRT 3 and MRT 2 projects and also in the Pan Borneo Highway project in Sabah and Sarawak," he told Business Times recently.
The LRT 3 and MRT 2, worth a combined RM34 billion, are expected be rolled out in the next two years.
The Pan Borneo Highway, to be built at a cost of RM27 billion, involves the construction and upgrading of some 1,663km of roads. It is expected to be completed by 2023.
If the projects were awarded to Bina Puri, Tee said the company might look for strategic partners.
The 11MP is geared towards strengthening the infrastructure to support economic growth, with a focus on building an integrated need- based transport system.
The transport and logistics sector will continue to remain a crucial driver of growth that will leverage on new investments in road, rail and air services to boost regional development.
The plan outlines the prioritising of regional connectivity for new highways, of which the focus will be outside the Klang Valley and other urban areas. It will also focus on rural and rural-urban connectivity.
Other key infrastructure projects are the West Coast Expressway, Kota Bharu - Kuala Krai Highway, East Coast Expressway, Gemas - Johor double-track and Kuala Lumpur - Singapore high-speed rail.
Tee said there were plenty of projects under the 11MP, of which the construction players would be major beneficiaries.
However, he said the implementation could be delayed, noting that some projects, such as the Sabah portion of the Pan Borneo Highway and KL118, had experienced delays.
Nexgram executive director Alan How Han Lun confirmed that the company was interested in road projects under 11MP. He, however, did not want to elaborate further.
"We will announce it when everything is confirmed." Malaysian Resources Corp Bhd (MRCB) is also said to be interested in bidding for construction projects under 11MP.
Sources said if the projects could fit into the company's operations and add value for its shareholders, MRCB would bid for them.
Business Times had also reported that UEM Edgenta Bhd was optimistic of getting infrastructure contracts under the 11MP.
Managing director and chief executive officer Azmir Merican said: "We expect growth to come from new infrastructure projects, particularly for urban highway construction.
Thus, we are optimistic about our chances of getting contracts from some 11MP projects." The company had secured several local and overseas contracts worth more than RM4.72 billion between last year and this year.
Source: New Straits Times | Business | 8 June 2015
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