KUALA LUMPUR: Sunway Bhd unit, Sunway Construction Sdn Bhd, has been awarded a RM222mil contract by CitiPower Sdn Bhd to construct and complete piling and sub-structure works, as well as, associated works for the proposed mixed commercial development at Kuala Lumpur City Centre.
Cititower is a joint venture company between KLCC (Holdings) Sdn Bhd and QD Asia Pasific Ltd.
Sunway, in a filing to Bursa Malaysia yesterday, said the proposed project was expected to commence upon handing over of site possession and would be completed in 82 weeks.
“It is expected to contribute positively to the earnings of the Sunway Group from the financial year ending Dec 31, 2013, onwards,” it said.
The company added that the proposed project was subject to normal construction risk of materials price fluctuation.
However, with the past experience and expertise of the company in construction projects in Malaysia, the risk could be mitigated, it added. — Bernama
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