BINA PURI - Cadangan Merekabentuk, Membina, Menyiapkan dan Mentauliah Pembangunan Kampus UITM Kampong Pinang Di atas Sebahagian Lot 6204, Blok 1, Sama

Bina Puri Construction Sdn. Bhd., a wholly-owned subsidiary of Bina Puri Holdings Bhd. has accepted the letter of award from Rekajaya Projek Sdn. Bhd. on 10 March 2010 for the project known as “Cadangan Merekabentuk, Membina, Menyiapkan dan Mentauliah Pembangunan Kampus UITM Kampong Pinang Di atas Sebahagian Lot 6204, Blok 1, Samarahan Land District, Kota Samarahan, Sarawak” for a contract sum of RM306.9 million. With the award, the Group’s current book order stands at RM1.916 billion as at to date. The project is expected to be completed within thirty months.The contract is expected to contribute positively to the earnings of Bina Puri Group for the financial year ending 31 December 2010.

Sunway unit gets RM65.69m UAE job

Sunway Holdings Bhd's unit, Sunway Creative Stones Sdn Bhd, (Abu Dhabi Branch) has accepted a letter of award for a sub-contract worth RM65.69 million, said Sunway Holdings.The contract is from Silver Coast–Sunway Innopave Joint Venture for the supply, delivery and installation of stones and tiling work for the proposed Arzanah Development, Sector W-57, Abu Dhabi, United Arab Emirates (UAE).Sunway Creative has been instructed to commence preparatory works on April 1, 2010 for the proposed project pending the formalisation of the letter of award from Silver Coast – Sunway Innopave Joint Venture, it said in a filing to Bursa Malaysia today. The project is targeted for completion on March 31, 2011 and is expected to contribute positively to group earnings for the financial year ending December 31, 2010 onwards.

Sunway unit gets RM88m Bandar Sunway job

Sunway Holdings Bhd's unit, Sunway Geotechnics (M) Sdn Bhd, has accepted the letter of award for a contract worth RM88 million from Sunway City Bhd.Sunway Holdings said in a filing to Bursa Malaysia today, that the contract is for the proposed earthworks, piling and sub-structure works for the construction of one block of 24-storey office tower and six-storey basement car park for phase three on part of Lot 42, Bandar Sunway.The project is targeted to be fully completed on Nov 14, 2011 with a construction period of 18 months.It is expected to contribute positively to the earnings of the group for the financial year ending Dec 31, 2010 onwards.

Mudajaya earnings soar

Mudajaya Group Bhd's net profit increased by 258.9% to RM50.6mil in the first quarter ended March 31.
This was achieved on a 90.9% jump in revenue to RM239.3mil.
Mudajaya told Bursa Malaysia yesterday the improved performance was due to more activities carried out in the quarter.
The company expects its results to improve further in the coming quarters.
It has declared a first interim dividend of 5% or one sen per ordinary share of 20 sen each under the single-tier system for the financial year ending Dec 31.

WCT aims to secure RM2bil order book this year

WCT Bhd is targeting an order book of RM2bil this year in addition to its existing order book of about RM3.2bil, which will be a combination of local and overseas contracts.
Deputy managing director Goh Chin Liong said the company was bidding for contracts that are worth between RM7bil and RM8bil currently, which included the construction of bridges, government offices and highways in the Middle East.
“Locally, we are bidding for light rail transit projects. We are looking for some projects in Brunei as well,” he told a press conference after the company AGM yesterday.
He added that its current order book of RM3.2bil could last for the next two years.
According to its annual report, the company's construction team had last year secured new contracts in the Middle East and Malaysia that totalled RM3.4bil with WTC's portion amounting to RM2.7bil.
Chairman Datuk Capt Ahmad Sufian said the business environment was still challenging and it wished to achieve a better performance than previously.
Goh said the company was cautiously optimistic on the market performance this year but it was expected to do better than last year in general, barring unforeseen circumstances.
On the arbitration process in Dubai against Meydan LLC, Ahmad said the process, which had been conducting for about a year, was still on-going.
“We are trying to recover whatever we think that are entitled to us, one of them being the performance bond,” Goh said.
Performance bond is a bond that is issued to one party of a contract as a guarantee against the failure of the other party to meet obligations specified in the contract.
The company announced in January last year that its joint venture (JV) with Arabtec Construction LLC had been given cancellation notice by Meydan LLC relating to the construction of the Nad Al Sheba Dubai Racecourse worth about RM4.6bil.
Subsequent to the cancellation, Meydan had called on the performance bond and advance payment bond provided by the JV.
WTC and Arabtec Construction had then instituted a civil suit and initiated the arbitration process in Dubai against Meydan for breach of contract and to enforce the JV's rights and remedies, including the recovery of all amounts due under the contract as well as damages.

Iskandar to announce RM250m construction packages soon

Iskandar Investment Bhd (IIB) will be awarding six construction packages with a total value of RM250mil to successful bidders by the end of the month.
President and chief executive officer Arlida Ariff said the packages were mostly for the actual construction work on the buildings related to the IIB strategic projects in Nusajaya, including work on facilities for the University of Newcastle Medicine Malaysia Campus (NUMed) in EduCity, the Marlborough College in International Resort and the Legoland Theme Park in Medini.
“Our planned catalytic projects within the Nusajaya development zone are progressing well and ready for completion as scheduled,” Arlida told StarBiz.
Nusajaya, spanning 9,307.76ha, is one of the five flagship development zones in Iskandar Malaysia. The others are the JB City Centre, Western Gate Development, Eastern Gate Development and Senai-Kulai.
Arlida said the RM300mil NUMed campus on a 5.26ha site in the 123.42ha EduCity was scheduled for completion in May 2011, and the Marlborough College should open in September 2012.
She said Asia's first RM700mil Legoland Theme Park would be the centrepiece of the 230.67ha Medini North, which was expected to open in April 2012, a year earlier than planned.
Work on the infrastructure facilities in Medini, a mixed urban development zone spanning 930.77ha in Nusajaya, was already 46% completed, she said, adding: “Some RM4.2bil has been allocated for the infrastructure inclusive of roads, drainage, earthworks, retention ponds, flood mitigation and telecommunication.”
She said earthworks for Legoland were under way while work on the buildings and attractions in the theme park would start in the third quarter of the year.
The development of projects in Medini is undertaken in partnership between the private and public sectors.
The key investors include IIB, Mubadala Development Co, Aldar Properties, Kuwait Finance House and Millennium Development International.
The overall development of Medini is divided into four distinct zones with separate themes - the Lifestyle and Leisure North, the Financial District, the Medini Central and Lifestyle and Leisure South.
Arlida said IIB and the Iskandar Regional Development Authority were accountable for the success of Iskandar as they were answerable not only to Johoreans but also all Malaysians, as the growth corridor would benefit the whole country.
IIB is backed by Khazanah Nasional Bhd, which holds 60% equity, while the Employees Provident Fund and government-linked company Kumpulan Prasarana Rakyat Johor Sdn Bhd each has 20% equity.

IJM unit bags RM247m Sarawak road contracts

IJM Construction Sdn Bhd has secured a RM246.7mil contract for two of the five packages of the 62.3km access road to the proposed Murum hydroelectric dam in Sarawak Corridor of Renewable Energy (SCORE).
Two other packages were awarded to Loh & Loh Construction Sdn Bhd (RM99.3mil) and Pekerjaan Piasau Konkerit Sdn Bhd (RM116.3mil). The fifth package will be dished out soon.
Sarawak Infrastructure Development and Communications Minister Datuk Seri Michael Manyin said the entire project would cost RM645mil and involve the construction of 13 reinforced concrete bridges.
“The four packages awarded will be completed in 24 to 27 months,’’ he told reporters after the contract signing ceremony here yesterday.
Manyin said due to the 13 bridges and difficult terrain, it would cost about RM10mil to construct every 1km of the accesss road.

IJM’s contract involves the upgrading of existing 20km logging road, construction of 11km new road and five bridges.
Meanwhile, Loh & Loh and Pekerjaan Piasau will each build 11km new road and two bridges.
Under the fifth package, the remaining 9km new road and three bridges will be constructed.
The access road will be ready by mid-2012, ahead of the scheduled completion of the 944MW Murum dam in 2013. The dam will supply power to energy-intensive industries in Samalaju Industrial Park within SCORE.
Manyin said the awarding of the projects marked the start of major infrastructure work in SCORE, adding that the Economic Planning Unit had approved road projects worth RM4bil for the corridor.
These include RM1bil for a 136km new road from Sangan in Tatau to Kapit and RM1bil for an access road to the proposed Baram hydro dam in northern Sarawak.
“These road projects will be a big boost to Sarawak economy. The spillover effects will be enormous,’’ added Manyin.

Bina Puri bids for RM4bil jobs

Construction company Bina Puri Holdings Bhd has tendered for projects worth RM4bil locally and abroad, group managing director Tan Sri Tee Hock Seng said.
Tee said part of the jobs tendered for were in Saudi Arabia and worth about RM1bil. “Saudi Arabia is a new market for the group,” he said after Bina Puri’s AGM yesterday.
Tee said the projects in Saudi Arabia were in the public and private sectors involving infrastructure and building.
He said Bina Puri hoped to receive a letter of award from Malaysia Airports Holdings Bhd this month for the RM2bil low-cost carrier terminal project in Sepang.

Crest Builder JV gets RM284.89m job for UiTM Tapah campus

CREST BUILDER HOLDINGS BHD's joint venture company has secured a RM284.89 million 23-year concession agreement with the Ministry of Education and Universiti Teknoloi Mara (UiTM) to build and maintain a new UiTM campus in Tapah, Perak. Crest Builder said on Tuesday, May 4 the JV, Unitapah Sdn Bhd, will see its unit Crest Builder Sdn Bhd and Detik Utuh Sdn Bhd holding 51:49 equity participation. The memorandum of understanding was signed on Jan 21, 2009 for the JV to submit a joint proposal for the concession. Crest Builder said the UiTM Tapah campus will span about 77,833 sq metre covering three faculties. Total cost for the CONSTRUCTION was RM284.89 million. Unitapah would secure the project financing for the construction.