Friday, 9 March 2012

AZRB up 14.6% as RM764.9m job for MRT set to take off

KUALA LUMPUR (March 9): AHMAD ZAKI RESOURCES BHD []’s (AZRB) share price rose 14.6% to RM1.02 in the afternoon session on Friday as the RM764.90 million contract for part of the Klang Valley MRT was set to take off.

At 3.59pm, AZRB was up 13 sen to RM1.02. There were 826,900 shares done.

The FBM KLCI was just up 0.17 of a point to 1,578.53. Turnover was 1.01 billion shares valued at RM936.22 million.

AZRB said on Friday work on the viaduct stretching from Plaza Phoenix to Bandar Tun Hussein Onn station for the Klang Valley MRT would start end-March and be completed in June 2016.

AZRB said the project with a contract value of RM764.90 million was awarded to its unit Ahmad Zaki Sdn Bhd as part of the MRT package V6.

It involves the CONSTRUCTION [] and completion of viaduct guide-way and other associated works. However, the alignment will make full use of elevated structures with a total distance 5.24km along the Cheras-Kajang Highway.

MMC Gamuda KVMRT (PD) Sdn Bhd is the project delivery partner for the MRTproject. IJM Bhd’s unit IJM Construction Sdn Bhd was awarded the adjoining package, Package V5.

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