Tuesday 31 January 2012

IJM Corp confirms letter of acceptance for RM974m MRT project

KUALA LUMPUR (Jan 31): IJM CORPORATION BHD [] confirmed that its unit had received the letter of acceptance from the Mass Rapid Transit Corporation Sdn Bhd for the Sungai Buloh-Kajang phase costing RM974.78 million.

IJM Corp said on Tuesday its unit IJM CONSTRUCTION [] Sdn Bhd had received the letter, dated Jan 31, for package V5 of the Mass Rapid Transit,

“The project involves the construction and completion of viaduct guideway and other associated works from Maluri portal to Plaza Phoenix station. The date of practical completion of the works is June 30, 2016,” it said.

IJM said the project would not have any significant effect on the earnings or net assets per share of the company for the financial year ending March 31, 2012, but is expected to contribute positively to the group’s future earnings.



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