KUALA LUMPUR (Jan 27): Shares of infrastructure players KUMPULAN EUROPLUS BHD [], IJM CORPORATION BHD [] and AHMAD ZAKI RESOURCES BHD [] advanced in early trade on Friday after each saw new developments, namely approval to build a highway and being awarded CONSTRUCTION [] packages.
At 9.05am, Kumpulan Europlus rose nine sen to RM1.40 after its subsidiary West Coast Expressway Sdn Bhd (WCE) has received the government’s approval to build the 316-km west coast project costing RM7.07 billion.
The 316-km Banting to Taiping expressway would be on a build-operate-transfer (BOT) with a concession period of 60 years, which could be the longest period for such a concession.
The land acquisition cost of up to RM980 million for the project will be borne by the government of Malaysia.
Meanwhile, IJM Corp added 31 sen to RM5.76 and AZRB rose 17 sen to 91 sen after MRT Corporation awarded two construction packages worth RM1.738 billion for the Sungai Buloh-Kajang My Rapid Transit (MRT) line to IJM Construction Sdn Bhd and Ahmad Zaki Sdn Bhd.
IJM Construction will be appointed the main contractor for Package V5 which will cover the construction and completion of the Viaduct Guideway and other associated works from Maluri Portal to Plaza Phoenix Station worth RM974 million.
AZRB will be appointed the main contractor for Package V6 which covers the construction and completion of the Viaduct Guideway and other associated works from Plaza Phoenix to Bandar Tun Hussein Onn Station with a contract value of RM764 million.
At 9.05am, Kumpulan Europlus rose nine sen to RM1.40 after its subsidiary West Coast Expressway Sdn Bhd (WCE) has received the government’s approval to build the 316-km west coast project costing RM7.07 billion.
The 316-km Banting to Taiping expressway would be on a build-operate-transfer (BOT) with a concession period of 60 years, which could be the longest period for such a concession.
The land acquisition cost of up to RM980 million for the project will be borne by the government of Malaysia.
Meanwhile, IJM Corp added 31 sen to RM5.76 and AZRB rose 17 sen to 91 sen after MRT Corporation awarded two construction packages worth RM1.738 billion for the Sungai Buloh-Kajang My Rapid Transit (MRT) line to IJM Construction Sdn Bhd and Ahmad Zaki Sdn Bhd.
IJM Construction will be appointed the main contractor for Package V5 which will cover the construction and completion of the Viaduct Guideway and other associated works from Maluri Portal to Plaza Phoenix Station worth RM974 million.
AZRB will be appointed the main contractor for Package V6 which covers the construction and completion of the Viaduct Guideway and other associated works from Plaza Phoenix to Bandar Tun Hussein Onn Station with a contract value of RM764 million.
