UEM Edgenta clinches RM87mil job under MRT project

Mass Rapid Transit montage, infrastructure

KUALA LUMPUR: UEM Edgenta Bhd’s unit Edgenta Propel Bhd has secured an RM87mil contract from Ahmad Zaki Sdn Bhd for the relocation of telecommunication works in relation to the Sungai Buloh-Serdang-Putrajaya (SSP) mass rapid transit line project (Persiaran Dagang to Jinjang stretch).

In a filing with Bursa Malaysia, the asset and facility management company said the 17-month contract was expected to contribute positively to the group’s future earnings and net assets per share.

UEM Edgenta’s infra services division, helmed by Edgenta Propel (formerly Projek Penyelenggaraan Lebuhraya Bhd), was the single biggest contributor to the group’s profit before tax last year (33%), followed closely by integrated facilities management and asset consultancy.

The subsidiary conducts maintenance and repair of civil, mechanical and electrical works on roads and other infrastructure. It maintains over 2,000 km of highways and roads, including the North South Expressway.

Ahmad Zaki was awarded the viaduct work package for the 4.5km Persiaran Dagang-Jinjang stretch of the SSP Line, valued at RM1.44bil, in March. 

UEM Edgenta shares closed 1 sen higher at RM3.62 on Friday, with 536,800 shares changing hands.