Zecon JV Bags RM1.46 Billion Highway Job In Sarawak

Zecon JV Bags RM1.46 Billion Highway Job In Sarawak

KUALA LUMPUR, March 10 (Bernama) — Zecon Bhd-Kimlun Sdn Bhd joint venture has bagged a RM1.46 billion contract from Lebuhraya Borneo Utara Sdn Bhd to upgrade the Pan Borneo Highway in Sarawak.

“The project is expected to contribute positively to Zecon Group’s earnings during the tenure of 48 months,” it said in a filing to Bursa Malaysia.

The joint-venture company would be incorporated in due course to undertake the contract as part of the condition imposed in the tender for the contract.

It said Zelan would have a 70 per cent equity in the joint venture company and Kimlun, the remainder.

— BERNAMA