ADVANCECON BIDS FOR PROJECTS WORTH RM1.7 BLN
KUALA LUMPUR, Sept 21 -- Advancecon Holdings Bhd is tendering for RM1.7 billion worth of projects, comprising earthworks and civil engineering works for infrastructure, residential, and commercial developments in Peninsular Malaysia, Sabah, and Sarawak.
The earthworks and civil engineering services specialist said the potential new wins arising from the tenders would add to the group’s outstanding order book of RM748.5 million, of which 32.0 per cent of it comprised works for Sarawak-based projects, including Pan Borneo Highway Sarawak, new roads under Upper Rajang Development Agency and Wenan Steel’s iron and steel production complex.
“Other undertakings in the group’s order book are works for the West Coast Expressway (31.1 per cent), the East Coast Rail Link (ECRL) which makes up 23.8 per cent, and other residential and infrastructure projects that contribute the balance of 13.0 per cent,” it said in a statement today.
Group chief executive officer Datuk Phum Ang Kia said the company is well-positioned for the upcoming tenders, as it has proven capabilities in undertaking large-scale earthworks and civil engineering works for various infrastructure and commercial developments.
“We believe the government’s upcoming tabling of the 12th Malaysia Plan and Budget 2022 would further boost the outlook of Malaysia’s construction sector, especially in the infrastructure segment,” he said.
-- BERNAMA
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