SCIB group managing director Rosland Othman
KUALA LUMPUR: Sarawak Consolidated Industries Bhd
’s (SCIB) has terminated an engineering, procurement, construction and commissioning (EPCC) project valued at RM55.59mil in Sumatera, Indonesia.
The civil engineering specialist, in a statement, said its wholly-owned subsidiary, SCIB International (Labuan) Ltd (SCIBILL), issued a notice of termination to PT Cipta Multi Sarana (PTCMS) for the proposed EPCC project involving earthworks for the Prabumulih–Muara Enim tolled road.
“The termination is in the best interests of the company as there has been no progress on the project. On the part of PTCMS, it has acknowledged that there are no penalties or liquidated ascertained damages on SCIBILL,” group managing director Rosland Othman said.
