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BUSINESS

Ekovest's unit bags contract worth RM1.979 bln for RTS Link Project

05/07/2022 07:15 PM

KUALA LUMPUR, July 5 (Bernama) -- Ekovest Bhd’s wholly-owned subsidiary, Ekovest Construction Sdn Bhd (ECSB) has bagged a contract worth RM1.979 billion from Adil Permata Sdn Bhd (APSB) for the Rapid Transit System Link Rail connecting Johor Bahru and Singapore (RTS Link Project).

APSB is the appointed main contractor by Malaysia Rapid Transit System Sdn Bhd (MRTS), the developer and owner of the civil infrastructure for the section in Johor Bahru to Singapore for the RTS Link Project.

“The participation of ECSB as the collaborative partner of APSB and the engineering, procurement and construction contractor to undertake the construction of the RTS Link Project will replenish the construction order book.

“It is also expected to contribute positively to the financial performance of Ekovest and its group of companies,” the construction company said in a filing with Bursa Malaysia today.

Ekovest said the RTS Link Project consists of a railway shuttle link of approximately four kilometres with two stations in Bukit Chagar, Johor Bahru and Woodlands, Singapore.

The link for the RTS Link Project would be a modern light rail transit system that would provide a high volume, fast and efficient transportation system between the two stations, providing an alternative means of transportation that would help alleviate the congestion at immigration checkpoints for both countries, it said.

The project is expected to provide an estimated 10,000 commuters per hour per direction via Johor Bahru to Singapore and it will ease the congestion at the Johor-Singapore Causeway.

-- BERNAMA


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