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.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment