PTT subsidiary bags RM83.26m earthworks contract from Sime Darby Property
KUALA LUMPUR: PTT’s wholly-owned subsidiary, Pembinaan Tetap Teguh Sdn Bhd (PTTSB), has secured a letter of award (LOA) worth RM83.26 million from Sime Darby Property (BBR Business Park) Sdn Bhd.
PTT's wholly-owned subsidiary, Pembinaan Tetap Teguh Sdn Bhd (PTTSB), has secured a RM83.26 million contract from Sime Darby Property for the construction and completion of earthworks and ancillary works for Phase 1 of Bandar Bukit Raja Stage 4 in Mukim Kapar, Klang. The contract, which covers Package 6, 7, and 8, includes the main linkage road and two key roads within the development.
The project is expected to commence on September 29, 2023, following a pre-possession date of September 15, and is scheduled for completion by March 28, 2028. While the award will not have a material impact on PTT's financials, it is anticipated to positively contribute to the group's future earnings. The company does not foresee any exceptional risks beyond normal operational hazards and will take necessary mitigation steps as they arise.
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