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PESTECH SECURES RM64.95 MLN CONTRACT FOR TRACTION POWER SUPPLY OF RTS LINK
KUALA LUMPUR, May 17 -- Pestech International Bhd today announced its wholly-owned subsidiary, Pestech Technology Sdn Bhd has secured a contract from RTS Operations Pte Ltd for traction power supply of Rapid Transit System (RTS) Link Asset for the RTS link between Malaysia and Singapore worth RM64.95 million.
In a filing with Bursa Malaysia today, it said the contract is for the design, manufacture, supply, delivery, installation, testing and commissioning, interfacing, warranty and other related works, will commence immediately and expected to be completed by Sept 30, 2026.
"The procurement of this letter of acceptance through open bidding process signifies recognition of Pestech’s capability in delivering full EPCC (engineering, procurement, construction and commissioning) in rail electrification projects and plants, the milestone of the group in bringing local expertise in rail electrification to serve the ASEAN region," it said.
The company said the project will contribute positively towards the future revenue and earnings of Pestech in accordance with the stage of project progress to be recognised in the financial years ending June 30, 2022 to June 30, 2027.
The RTS is a 4-kilometre link connecting Johor Bahru and Woodlands that will have the capacity of 10,000 passengers per hour, per direction with an expected ridership of about 40,000 passengers per day upon opening.
-- BERNAMA
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