MRT Corp awards work packages to TRC, Sunway units

  • As the Tiger of Jelutong finally rests, thousands pay tribute
    As the Tiger of Jelutong finally rests, thousands pay tribute

    GEORGE TOWN, April 20 — In a send-off befitting of the man who championed against injustice, thousands thronged Dewan Seri Pinang here today to pay Karpal Singh their final respects before his... …

  • DAP to hold memorial services to pay tribute to Karpal Singh
    DAP to hold memorial services to pay tribute to Karpal Singh

    In memory of their former chairman, the late Karpal Singh, the DAP will be organising memorial services at the state level beginning with Penang, a statement from the party said today. The national level memorial event will be held in Kuala Lumpur on April 24, the statement said. The venues and other details will be decided and released soon.... …

  • Utusan says MB heads to roll in two states

    Two states will see a change of Menteri Besar, claimed Umno-owned Utusan Malaysia today, although it did not name them. "Apparently, two Menteris Besar are expected to be replaced soon. Speculation on this has started, akin to the gentle evening winds along the beach,” Awang Selamat, the pseudonym for Utusan's collective editorial voice, wrote... …

  • Robot submarine completes 50% of MH370 underwater search area
    Robot submarine completes 50% of MH370 underwater search area

    The Bluefin-21 robot submarine has searched half of the focused underwater search area for flight MH370, as the search for the missing Malaysia Airlines passenger jet enters its 44th day, say Australian authorities. The Australian Maritime Safety Authority (Amsa) said nothing has been found yet in the seven underwater searches. Another... …

  • Karpal inspired us, say mourners from near and far bidding farewell to their hero
    Karpal inspired us, say mourners from near and far bidding farewell to their hero

    As thousands of mourners bid farewell to the "Tiger of Jelutong", lawyer R. Joethy, 73, remembered his old law school buddy as one who rarely ever studied at university. Karpal Singh had so many distractions from his involvement in the student union where he was one of the leaders, Joethy said. "But he was very bright boy. He worked very... …

  • Karpal’s final journey
    Karpal’s final journey

    GEORGE TOWN, April 20 — The air in front of Number 144A, Jalan Utama was laden with grief and emotion as one of Penang’s most prominent sons, Karpal Singh, left his family home on his final journey... …

PETALING JAYA (May 10): MRT Corp, the owner of the Klang Valley My Rapid Transit (KVMRT) project, has awarded another four work packages worth RM3.2 billion, bringing the total contract sum awarded to date to more than RM13 billion.

MRT Corp issued a statement on Wednesday announcing the winner of three viaduct packages and one depot package. The work packages were announced after the conclusion of the One Stop Procurement Committee (OSPC) meeting, which was chaired by Prime Minister Datuk Seri Najib Razak in Putrajaya.

"The packages are for Viaduct 1, Viaduct 4, Viaduct 7 and Depot 1, and are worth RM3.22 billion. The viaduct packages include construction and completion of viaduct guideways and related works, while the depot package is for the construction of the Sungai Buloh depot and related buildings," the company said.

Package V1 covers the construction of viaducts between the Sungai Buloh and Kota Damansara stations; V4 the Section 17 station to Semantan portal; and V7 from Bandar Tun Hussein Onn to Taman Mesra station.

The V1 package, worth RM1.09 billion, was awarded to a privately held company named Syarikat Muhibah Perniagaan dan Pembinaan Sdn Bhd. Package V4, valued at RM1.17 billion was awarded to Sunway Construction Sdn Bhd, a unit of Sunway Bhd, while V7, worth RM499.98 million was awarded to MTD Construction Sdn Bhd, a unit of MTD Capital Bhd.

The Sungai Buloh depot work package, worth RM458.98 million, was awarded to Trans Resources Corp Sdn Bhd, a unit of TRC Synergy Bhd.

Concurrent with the announcement of the tender awards, TRC's share price shot up by 1.38% to end the day higher at 73.5 sen and Sunway's by 3.04% to RM2.37. On a YTD basis, TRC's share price increased by 13.08% while Sunway's share price dropped by 6.7%.

According to MRT Corp chief executive Datuk Azhar Abdul Hamid, the award of the tenders, the third by the OSPC, shows that the KVMRT project is progressing on track. Prior to this, two viaduct packages; V5 and V6, which cover the Maluri portal to Plaza Phoenix station, and from Plaza Phoenix to the Bandar Tun Hussein Onn station, were awarded to IJM Construction Sdn Bhd and Ahmad Zaki Sdn Bhd respectively.

In addition, MRT Corp has awarded the underground section package, worth RM8.2 billion, to a joint venture between MMC Corp Bhd and Gamuda Bhd. The company, MMC Gamuda MRT PDP Sdn Bhd, is also the project delivery partner (PDP) of the entire KVMRT project. As a PDP, the MMC-Gamuda JV is entitled to 6% of the entire cost of the KVMRT project as its fee.

Based on the value of the tenders that have been awarded so far, excluding the RM8.2 billion underground portion, MMC-Gamuda JV will be paid at least RM300 million, according to back of the envelope calculations by The Edge Financial Daily. However, it is believed that these payments will be disbursed to MMC-Gamuda JV according to the completion rate of the work packages.

According to MRT Corp, more tenders will be awarded in the months ahead. Since March, the company has called for tenders for several work packages such as 10 packages of the advance works utilities relocation, the supply and delivery of segmental box girders for the northbound and southbound lines, and the construction of multi-storey car park buildings.

MRT Corp has shortlisted foreign companies as well as local consortia which are bidding for the system work packages. Among the foreign heavyweights are Kawasaki Heavy Industries Ltd, Mitsubishi Heavy Industries Ltd, CMC-Thales Consortium, and Balfour Beatty Group Ltd. Local companies such as Scomi Rail Bhd and the Kencana group have also formed consortia with foreign partners to increase their chances of securing the jobs.

Follow @YahooMalaysia on LINE for daily news updates.

Comments on Yahoo pages are subject to our link to Comments Guidelines. You are responsible for any content that you post. Yahoo is not responsible or liable in any way for comments posted by its users. Yahoo does not in any way endorse or support comments made by its users.

  • Langkawi MP unrepentant, continues insults on late Karpal, says Facebook user The Malaysian Insider
    Langkawi MP unrepentant, continues insults on late Karpal, says Facebook user

    A Barisan Nasional MP whose Facebook posting poking fun at the death of Karpal Singh shocked Malaysians has again insulted the late DAP leader, this time comparing him to a hostile figure in Islamic history who fought against Prophet Muhammad. Facebook user Shamsul Kamal Ariffin Mohd Nasir, 42, told The Malaysian Insider that Langkawi MP,... …

  • Karpal’s car crashed into lorry, not the other way around, says Perak police The Malaysian Insider
    Karpal’s car crashed into lorry, not the other way around, says Perak police

    Initial investigations have revealed that Karpal Singh’s Toyota Alphard crashed into a five-ton lorry in the accident yesterday that claimed his life and that of his assistant, Perak police said today. State police chief Datuk Acryl Sani Abdullah Sani also dismissed rumours and speculation that the accident was caused by the lorry crashing... …

  • Interfaith group ‘worried’ that ex-judge can have such ‘racist’ views The Malay Mail Online
    Interfaith group ‘worried’ that ex-judge can have such ‘racist’ views

    KUALA LUMPUR, April 19 — An interfaith group expressed shock today at the “racist” views of a former high-ranking judge who had called the presence of large Hindu and Buddhist statues in the... …