KUALA LUMPUR (April 2): MUHIBBAH ENGINEERING (M) BHD [] has announced that its 50:50 joint venture with Australia’s Monadelphous Group Ltd has won an additional contract for the CONSTRUCTION [] and commissioning of a shiploader associated with the Wiggins Island Coal Export Terminal Pty Ltd’s (“WICET”) worth A$60 million (equivalent to approximately RM192 million).
Muhibbah had on Dec 23 last year said the JV won a A$330 million (RM1.06 billion) contract for the construction of an approach jetty and ship berth in Queensland, Australia.
The facilities will be constructed for a project by WICET, which is privately owned and funded by a group of Queensland coal exporters.
Muhibbah said on Monday the contract was scheduled to start immediately and be completed by first quarter of calendar year 2014.
The Contract is expected to contribute positively to its earnings for the current and future financial year, it said.
Muhibbah had on Dec 23 last year said the JV won a A$330 million (RM1.06 billion) contract for the construction of an approach jetty and ship berth in Queensland, Australia.
The facilities will be constructed for a project by WICET, which is privately owned and funded by a group of Queensland coal exporters.
Muhibbah said on Monday the contract was scheduled to start immediately and be completed by first quarter of calendar year 2014.
The Contract is expected to contribute positively to its earnings for the current and future financial year, it said.
