KUALA LUMPUR: Econpile Holdings Bhd
has signed a memorandum of understanding (MoU) for a proposed collaboration with Sungai Klang Link Sdn Bhd (SKL) to carry out construction works for an elevated highway project proposed by SKL to the government.
In a statement, the piling and foundation specialist said the proposed collaboration entails Econpile’s wholly-owned subsidiary Econpile (M) Sdn Bhd, providing its know-how, experience and expertise to plan, construct, complete, and fully provide its services, manpower, material, machinery and equipment as required for the construction works of the elevated highway project.
The construction works include but are not limited to piling, pile-cap and foundation works.
SKL is the party proposing the elevated highway project to the government and is seeking for the right to build, own and operate it as a concessionaire.
The proposed highway is in its final stages of approval by the government.
Econpile said the proposed highway stretches 53km and is aligned along the Klang River in Klang Valley, which will be integrated with the existing highway networks.
It will be done through seven proposed interchanges starting from Klang with access through an interchange of the West Coast Expressway and ending at an interchange of New Pantai Expressway 2.
For the financial year ending June 30, 2024, Econpile currently has an ongoing order book of RM430mil comprising mainly piling and foundation works for high-rise developments in Malaysia and Cambodia.
