Friday, 23 December 2011

Muhibbah wins RM1b Aussie job

Muhibbah Engineering (M) Bhd says its 50:50 joint venture with Monadelphous Group Ltd has won a RM1.05 billion contract in Australia.

Monadelphous Muhibbah Marine JV will build approach jetty and ship berth associated with the Wiggins Island Coal Export Terminal Pty Ltd (WICET)'s project at Gladstone in Queensland.

"The MMM joint venture brings together Muhibbah's global expertise in the delivery of marine and port construction works and Monadelphous's expertise in the civil construction of large-scale projects for Australian resources customers.

"This also marks another new era for Muhibbah Group' sexpansion of marine-related business into advanced countries such as Australia," it said in a filing to Bursa Malaysia yesterday.

The job includes building offshore plant and infrastructure such as a 1.8km approach jetty and transfer tower platform, wharf, berthing and mooring dolphins, ship access platforms and jetty conveyor.

The work, which is part of stage one of the WICET project, is scheduled to start immediately and be completed by early 2014.

WICET is privately owned and funded by a group of Queensland coal exporters to build an export facility for thermal and metallurgical coal.

The new terminal will be at Golding Point, to the west of the existing RG Tanna terminal in Gladstone. It will be built in stages to match forecast coal export demand and operated by Gladstone Ports Corp.

Stage one has a contracted annual coal export capacity of 27 million tonnes. Once fully developed, the terminal will have an annual capacity of more than 80 million tonnes.



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