KUALA LUMPUR: Salcon Bhd announced that its subsidiary, Salcon Engineering Bhd, and Loh & Loh Construction Sdn Bhd have jointly won a RM470mil contract from MMC Corp Bhd to build the Langat Centralised Sewage Treatment Plant.
In its announcement to Bursa Malaysia, Salcon said its wholly owned subsidiary, together with Loh & Loh, had received the Letter of Offer dated Dec 15, 2014.
The project, which includes designing and building the sewage plant and a network sewer pipes, is over a duration of 70 months, beginning Dec 22, 2014 and completing on Oct 19, 2020.
A joint venture company, Salcon Loh & Loh JV Sdn Bhd, will be set up by Salcon and Loh & Loh to undertake the project on a 50:50 basis, the announcement read.
“The project is a construction contract and has no option for renewal,” Salcon said, adding that the contract should contribute positively towards the earnings and net assets of Salcon Group for the financial years ending Dec 31, 2015 to Dec 31, 2020.