Tuesday 31 January 2012

AZRB confirms RM746m MRT contract

KUALA LUMPUR (Jan 31): AHMAD ZAKI RESOURCES BHD [] (AZRB) has confirmed that it was awarded part of the multi-billion ringgit Klang Valley Mass Rapid Transit (MRT) project valued at RM764.91 million.

AZRB said on Tuesday, its unit had received the letter of acceptance from Mass Rapid Transit Corporation Sdn Bhd for the Sungai Buloh-Kajang stretch and completion of viaduct guideway and other works from Plaza Phoenix to Bandar Tun Hussein Onn station.

“The date for practical completion for the works shall be June 30, 2016 and date for line completion for the whole of the works shall be July 31, 2017,” it said.

AZRB said the project was expected to contribute positively to the group’s earnings and the net tangible assets for the financial years ending 2012 to 2017.



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