IJM Perennial Development, a joint venture between IJM Corp and Perennial Real Estates Holdings, has unveiled a large-scale integrated mixed-use waterfront development in Penang, Malaysia.
Gadang CRFG Consortium, a joint venture between Gadang Engineering and CRFG Malaysia, has won a RM327.91M ($75.4M) traffic dispersion and improvement contract in Kuala Lumpur, Malaysia.
Muhibbah Viccana JV, an entity in which Muhibbah Engineering has a 51% equity interest, has secured a MYR584.8M ($135M) contract to build a wharf, jetty and other associated facilities at Bintulu Port [pictured] in Sarawak, Malaysia.
Two wholly-owned subsidiaries of Malaysia-based oilfield services company SapuraKencana Petroleum Berhad (SKPB) have won contracts worth $97.4M.
Knusford Berhad (KB), a Malaysian construction and property firm, and China Railway Dongfang Group Sdn. Bhd. (CRECSB) have secured a $166M contract from ArthaLand to provide engineering, procurement and construction (EPC) services for its Cebu Exchange project in the Philippines.
A consortium of WSP Engineering Malaysia, Mott MacDonald Malaysia and Ernst & Young Advisory Services has been chosen as the joint development partner (JDP) by Malaysia’s MyHSR and Singapore’s Land Transport Authority (LTA) for a high-speed railway link (HSR) project that will connect Kuala Lumpur and Singapore.
Elegance Sonata (ESSB), a subsidiary of Gadang Land, has entered into a development rights agreement with Kwasa Development for the development of R3-1 in the Malaysia’s Kwasa Damansara Township [Kuala Lumpur pictured].
Lebuhraya DUKE Fasa 2A (LDF2A), a subsidiary of Malaysian construction firm Ekovest, has received approval in principle from the government for the privatisation of the MYR6.32bn ($1.4bn) Kampung Baru Link, Istana Link and Kapar Link expressway.
Oilfield services company SapuraKencana Petroleum has announced that its wholly-owned subsidiaries secured contracts worth about $300M in Malaysia [Kuala Lumpur pictured].
Ekovest Construction (ECSB) and Samling Resources (SRSB) have signed a joint venture (JV) and shareholders agreement to develop and upgrade a stretch of the Pan Borneo highway in Sarawak, Malaysia.
A consortium of companies from China, Italy and Malaysia has secured a MYR1.39bn ($328M) contract for the construction of a high-density polyethylene plant in Johor, Malaysia.
Malaysia’s Mass Rapid Transit Corporation (MRT Corp) has awarded two viaduct work package contracts worth MYR1.57bn ($369M) for the construction of the MRT Sungai Buloh-Serdang-Putrajaya (SSP) Line in Malaysia.
A consortium of China Railway Construction Corporation, China Railway Group and China Communications Construction Company has won a MYR8.9bn ($2.1bn) contract for a railway project in southern Malaysia.
China Communications Construction Company has won a MYR46bn ($10.9bn) engineering, procurement and construction (EPC) contract for the construction of the East Coast Rail Link project in Malaysia.The 620km rail line, expected to cost MYR55bn ($13.1bn), will include the construction of an east-west trunk railway line in Malaysia, connecting eastern cities and towns with the nation’s capital. Upon completion, the project will connect townships such as Port Klang, ITT (Integrated Transport Terminal) Gombak, Kuantan, Kuala Terengganu, Kota Baru and Tumpat.The rail line, financed by the Export-Import Bank of China, will be delivered in phases. Construction work is expected to commence in early 2017 and be completed in 2022.
Malaysia-based Sarawak Energy has signed an agreement with General Electric (GE) and Sinohydro for the construction of the 400MW combined cycle gas turbine (CCGT) Block at Tanjung Kidurong in Sarawak, Malaysia.
Malaysia-based energy services firm SapuraKencana Petroleum has secured new contracts with a combined value of about MYR889M ($215M).
An engineering solution devised by heavy lifting specialist Mammoet will be used in Malaysia to assist with the placement of large reactor vessels, as part of an expansion at a petrochemical complex.The expansion project includes the installation of new reactor vessels ranging up to 650t and over 100m tall.To overcome the site’s constraint operating area and low pipe rack, Mammoet has come up with a “unique solution” to install the vessels. The use of one of its PTC 35 ring cranes — with a capacity of up to 1,600t — will enable the vessels to be installed from a main road and lifted over the pipe rack. Mammoet APAC manager solutions Roel Wesel said: “Mammoet was able to provide our client with a unique solution that would optimize the handling of heavy vessels. Less movements on site results in reduced risks, reduced costs and a faster completion, reducing the overall time-to-market for our client.”
A joint venture of China Communications Construction Company (CCCC) and George Kent (Malaysia) has secured a work package for the Mass Rapid Transit Sungai Buloh-Serdang-Putrajaya (SSP) Line in Malaysia.The work package, known as Package SSP- SY-204, has been awarded by Mass Rapid Transit Corporation (MRT Corp) and is valued at MYR1.01bn ($250M).Under the contract, the joint venture will be responsible for the engineering, procurement, construction, testing and commissioning of track works, maintenance vehicles and work trains. MRT Corp CEO Shahril Mokhtar said: “CCCC comes with very good technical know-how having handled many infrastructure projects, including railway construction. “Its joint venture with Malaysian company George Kent, which now has a strong presence in the railway industry in Malaysia, allows the MRT Project to benefit from the experience of these two very strong companies.”
Southeast Asia is in need of $2.1tr in infrastructure spending by 2030 to meet their growing population demands, according to a report by banking group HSBC.HSBC economist Joseph Incalcaterra stated in the report that the urban population in the region will rise by over 90M by 2030 and that the planned infrastructure spending would only cover $910bn.Incalcaterra said: “To fill the infrastructure gap, more non-government financing is necessary, both from private sources and institutions such as the Asian Development Bank and new Asian Infrastructure Investment Bank.”The six countries covered in the report are Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam.According to the report, regional governments have to increase infrastructure spending. Low- to middle-income economies should spend at least 5% of gross domestic product (GDP) on infrastructure — only Vietnam has been meeting this target.Indonesia and the Philippines have been increasing infrastructure budgets, while Thailand and Singapore had promised increased infrastructure spending and Malaysia should attract more investment. Incalcaterra added: “Governments across the region thus need to be much more aggressive with increasing PPP programmes and instituting proper reforms to deepen capital markets. Only that will fill ASEAN’s gaping infrastructure pothole.”
Mass Rapid Transit Corp Sdn Bhd (MRT Corp) has awarded three work package contracts worth MYR1.38bn ($342.7M) to build the Sungai Buloh-Serdang Putrajaya (SSP) Line in Malaysia.The contracts include two system work packages and one advance work package.Colas Rail Consortium has been awarded MYR693.03M ($172.1M) system work package, SY205, for the engineering, procurement, construction, testing and commissioning of power supply and distribution system for the SSP Line. Sapura – EVD Consortium has won the second system work package, SY206, for the engineering, procurement, construction, testing and commissioning of communications, government integrated radio network, commercial telecom (Infra) and information technology system for the SSP Line. The contract is valued at MYR632M ($156.9M).SN Akmida Holdings has secured a MYR59.5M ($14.7M) advance work package for the construction and completion of Sungai Besi police quarters and other associated works.