BUSINESS

PUNCAK NIAGA'S SUBSIDIARY SECURES RM82.86 MLN CONTRACT IN JOHOR

28/03/2023 07:17 PM

KUALA LUMPUR, March 28 (Bernama) -- Puncak Niaga Holdings Bhd’s wholly-owned subsidiary, Puncak Niaga Construction Sdn Bhd (PNCSB) has been appointed as a principal sub-contractor by Jalur Cahaya Sdn Bhd (JCSB).

Puncak Niaga said PNCSB had entered into a RM82.86 million sub-contract agreement with JCSB on package two of the replacement of an existing piping system programme in Johor Bahru, Kulai, Pontian, Kota Tinggi and Mersing. 

“The scope of works shall include the supply, delivery, construction, installation, completion and rehabilitation of the following combination of works that include replacement of existing main pipes of 94,535 metres as well as testing and commissioning of new pipelines and communication pipes and interconnection works to the existing water supply distribution network,” it said in a filing with Bursa Malaysia today.

The project commenced on August 1, 2022 and is to be completed on January 17, 2024, with a defect liability period of 12 months from the issuance of the certificate of practical completion. 

The group said the sub-contract agreement is expected to contribute to its earnings per share, net assets per share or gearing for the current financial year ending Dec 31, 2023, until the completion of the sub-contract works.

Puncak Niaga is an integrated water, wastewater and environmental solutions provider with involvement in environmental engineering and construction, concession and facilities management services and plantation sectors.

-- BERNAMA

 

 


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