12-01-2010: Gadang and Bukit Jerneh Get RM291 Million Contract From MAHB

January 12, 2010 19:28 PM

Gadang and Bukit Jerneh Get RM291 Million Contract From MAHB

KUALA LUMPUR, Jan 12 (Bernama) -- Gadang Holdings Bhd's subsidiary Gadang Engineering (M) Sdn Bhd and its joint venture partner Bukit Jerneh Quarry Sdn Bhd have secured a contract worth RM291.18 million from Malaysia Airports Holdings Bhd (MAHB).

In a filing to Bursa Malaysia Tuesday, the group said the contract included work under the proposed development of the new Low-Cost Carrier Terminal (LCCT) and associated works at the Kuala Lumpur International Airport (KLIA).

The contract, awarded on a 70:30 proportion to Gadang and Bukit Jerneh Quarry, is expected to be completed on Dec 18, 2010.

Gadang said the contract was expected to give a positive impact on the group's earning and net asset for the financial year ending May 31, 2010, and 2011.

SOURCE (Sumber): Bernama: 12-01-2010

05-01-2010: Gadang sends in RM300m bid for LCCT runway job

Gadang sends in RM300m bid for LCCT runway job

By Sharen Kaur (Published: 2010/01/05)

GADANG Holdings Bhd (9261) has submitted a RM300 million bid to construct a 4km long runway for the RM2 billion low-cost carrier terminal (LCCT) project in Sepang, Selangor.

Managing director Tan Sri Kok Onn told Business Times that the firm expects to know within the next two weeks if it is successful in the tender.

Kok also said Gadang has submitted a bid to Malaysia Airports Holdings Bhd (MAHB) to construct the terminal building at the new LCCT for about RM1 billion. "We lost out to WCT for the first package but that did not deter us from bidding for the remaining packages.

WCT Bhd clinched the first package, worth around RM363 million, from MAHB in December last year for works that include site preparation, earthworks and main drainage.

"While the bids have become very competitive, we hope to get a slice of the cake based on our track record," Kok said.

The new LCCT, located 1.5km from the Kuala Lumpur International Airport, is scheduled to be completed by third quarter of 2011.

It is expected to cater to 30 million passengers yearly, with capacity for up to 45 million passengers a year. The LCCT is the single largest private finance initiative building project under the infrastructure allocation of the second stimulus package.

Other companies which have submitted bids for the project are IJM Corp Bhd, Ireka Corp Bhd, Fajarbaru Builder Group Bhd, Bina Puri Holdings Bhd, Sunway Holdings Bhd and Mudajaya Group Bhd.

PJI Holdings Bhd, meanwhile is keen to provide mechanical and electrical engineering services for RM500 million.

SOURCE (Sumber): Business Times (BT): 05-01-2010