KUALA LUMPUR (March 28): A subsidiary of BINTAI KINDEN CORPORATION BHD [] and its partner Samsung C&T Corporation have secured S$166.23 million (RM405.10 million) in contracts from Singapore’s Land Transport & Authority.
Bintai Kinden said the contracts were for the downtown line Stage 3 project of its mass rapid transit in Singapore.
The first contract was to supply and install electrical services for contract value of S$78.29 million. The second contract was to supply and install tunnel ventilation and environmental control systems for S$87.93 million.
The joint venture comprised of Samsung C&T Corp and Bintai Kinden’s subsidiary Bintai Kindenko Pte Ltd (BKPL). Samsung holds a 60% stake in the JV and BKPL 40%.
The contracts are due for completion by end-2016.
Bintai Kinden said the contracts were for the downtown line Stage 3 project of its mass rapid transit in Singapore.
The first contract was to supply and install electrical services for contract value of S$78.29 million. The second contract was to supply and install tunnel ventilation and environmental control systems for S$87.93 million.
The joint venture comprised of Samsung C&T Corp and Bintai Kinden’s subsidiary Bintai Kindenko Pte Ltd (BKPL). Samsung holds a 60% stake in the JV and BKPL 40%.
The contracts are due for completion by end-2016.
