KUALA LUMPUR (Jan 25): SCOMI ENGINEERING BHD [] shares rose on Wednesday after its consortium partners officially sealed the contract with Brazil’s Amazonas state for the RM2.56 billion monorail system.
At 11.10am, Scomi Engineering was up two sen to 62 sen with 439,000 shares done while SCOMI GROUP BHD [] added half a sen to 28.5 sen with 884,500 shares traded.
The Manaus monorail system will include 20 km of monorail line from Largo da Matriz to Jorge Teixeira, nine stations and 10 train sets of six cars each.
The total award is valued at Brazilian Real 1.46 billion (RM2.56 billion) of which Scomi Engineering’s share is Real 339.9 million (RM597.2 million).
The project is expected to be completed in 40 months from the date of the signing of the contract.
At 11.10am, Scomi Engineering was up two sen to 62 sen with 439,000 shares done while SCOMI GROUP BHD [] added half a sen to 28.5 sen with 884,500 shares traded.
The Manaus monorail system will include 20 km of monorail line from Largo da Matriz to Jorge Teixeira, nine stations and 10 train sets of six cars each.
The total award is valued at Brazilian Real 1.46 billion (RM2.56 billion) of which Scomi Engineering’s share is Real 339.9 million (RM597.2 million).
The project is expected to be completed in 40 months from the date of the signing of the contract.
