Mudajaya wins RM195.1mil ECRL contract


KUALA LUMPUR: Mudajaya Group Bhd has secured a contract worth RM195.1mil for the construction and completion of stations, ancillary buildings and other associated works (Package 3) for the East Coast Rail Link project located in Terengganu.

In a filing with Bursa Malaysia, Mudajaya said its wholly owned subsidiary Mudajaya Corp Bhd received the letter of award from China Communications Construction (ECRL) Sdn Bhd.

The project is targeted to be completed by 2026 with a construction period of 32 months from the date of site possession.

“The project is expected to contribute positively to the group’s earnings for the financial year ending Dec 31, 2023 onwards,” Mudajaya said.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Cautious tone expected for ringgit versus US dollar trading next week
U Mobile to reduce foreign majority shareholdings to 20%
MACC investigating Khazanah, PNB's unsuccessful investment
Another data centre job for Gamuda
SOBA judges, past winners share winning tips
Government and venture capital
Selling pressure amid Mideast and polls anxiety
Low volatility a remedy for the extremes?
Maximising your unit trust returns
Dishing up consumer success

Others Also Read