Friday 20 January 2012

Scomi Eng JV seals contract with Brazil for RM2.56b monorail

KUALA LUMPUR (Jan 20): SCOMI ENGINEERING BHD []’s consortium partners have officially sealed the contract with Brazil’s Amazonas state for the RM2.56 billion monorail system.

Scomi Engineering said on Friday the consortium -- comprising Scomi Engineering, CR Almeida S/A Engenharia De Obras, Mendes Junior Trading E Engenharia S/A and Serveng-Civilsan S/A Empresas Associadas De Engenharia – had entered into a contract with Amazonas state on Jan 18.

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.



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