Thursday, April 29, 2010

MMC unit has RM6b orderbook


MMC Corp, a Malaysian ports, power and construction group, said its engineering and construction division has an orderbook of RM6 billion (US$1.9 billion).

Its RM12.5 billion double-tracking electric rail project is “progressing well” with 40 per cent completed up to March, the company said in a statement today. This is a joint venture with Gamuda Bhd.

MMC Corp also said the government may ask it to e x p a n d its Tanjung Bin coal-fired power plant, the company said in a statement today.

Meanwhile, Aliran Ihsan Resources Bhd, a water treatment unit of MMC, is seeking to e x p a n d its business beyond Johor.

The company is in advanced negotiations with several other Malaysian states on this initiative, MMC said. -- Bloomberg

OSK's picks for RM7b LRT project

Published: 2010/04/29

Several companies seem to have an edge among the 17 pre-qualified applicants to be the main contractor for the RM7 billion Light Rail Transit (LRT) project covering the Kelana Jaya and Ampang lines, says OSK Research.

In an investment research report today, OSK, which has maintained its overweight rating on the construction sector, also named Gamuda, IJM, WCT, MRCB and Mudajaya as among the potential winners based on their track record.

The LRT project is set to begin later this year and the contract will reportedly be awarded in the next two months.

The full list of pre-qualified applicants comprises
.Sunway Holdings,
..Fajarbaru Builder - Signatium Construction SB,
...WCT - Sinohydro JV,
....IJM Corp,
.....Ranhill - CCCC JV,
.Muhibbah Engineering,
...UEM Builders - Intria Bina SB,
....MMC Corp - Zelan,
.TRC Synergy,
..BPHB - Tim Sekata JV,
...Zabima - Leighton JV,
....Mudajaya Group,
.....MTDC -Persys JV,
.Loh&Loh Corp and
..Ahmad Zaki Resources.

"We expect the bidding competition among the prequalified contractors to be intense.

"While it is rather difficult to pinpoint the likely winner at this juncture, contractors with a relevant track record, have a better chance," OSK Research said.

OSK Research indicated that Gamuda had the necessary expertise to undertake the job, given its experience with the Kaohsiung MRT in Taiwan.

It noted too that IJM and Road Builders were among the main sub-contractors for the existing line.

"On the other hand, MRCB was involved in the existing LRT portion at KL Sentral," it said.

It also said Mudajaya is a likely beneficiary as it previously constructed some stations for the current line and was also involved in the KLIA transit track.

UEM Builders, according to OSK Research, was the main contractor for the current line.

"As pricing is the key determinant, we think competitive contractors like WCT, to also stand a strong winning chance," OSK Research said.

The 17km Kelana Jaya line will have 13 stations, extending from the existing Kelana Jaya station into Subang Jaya and USJ.

The 17.7km Ampang line meanwhle, has 13 stations and will begin from the existing Sri Petaling station, and pass through Kinrara in Puchong.

Both lines end at Putra Heights, which will also serve as an interchange.

Syarikat Prasarana Negara Berhad (SPNB) has submitted the final Railway Scheme to the Department of Railways and is awating approval before construction commences. -- Bernama

17 pre-qualified for LRT jobs

Thursday April 29, 2010
17 pre-qualified for LRT jobs

KUALA LUMPUR: A total of 17 applicants have been pre-qualified as the main contractor for the Kelana Jaya and Ampang light-rail transit (LRT) line extension project.

They had shown their technical and financial capacity and capability with the relevant infrastructure works experience, Syarikat Prasarana Negara Bhd group managing director Datuk Idrose Mohamed said in a statement yesterday.

He said 15 applicants had also been pre-qualified as the nominated sub-contractor for the fabrication and delivery of segmental box girder. — Bernama

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A seeker of success (whatever that means) treading on a path, searching, to return to the wholesomeness that was him when he was launched into this big school called Earth.