This article first appeared in The Edge Financial Daily on November 17, 2017

KUALA LUMPUR: Specialist piling firm Econpile Holdings Bhd has secured its first light rail transit (LRT) contract to undertake piling and infrastructure works for the LRT Bandar Utama-Klang line (LRT3) worth RM208.7 million.

Its wholly-owned Econpile (M) Sdn Bhd received the letter of award for the job from Gabungan Strategik Sdn Bhd — the construction unit of Gabungan AQRS Bhd — on Wednesday.

Under the deal, Econpile said it will undertake the bored piling and general infrastructure works from Bandar Utama, Petaling Jaya to Johan Setia, Klang under the “GS04 Guideway, Stations Park and Ride, Ancillary Buildings and Other Associated Works” package. The job is expected to be completed in 34 months.

“Having done multiple works for the Klang Valley mass rapid transit 2, we are proud of the opportunity to play a role in the urbanisation of Klang Valley’s transportation sector as part of Malaysia’s Urban Rail Development Plan,” said Econpile executive director and group chief executive officer Raymond Pang in a statement.

Along with this contract, Econpile has secured three other contracts totalling RM274.7 million in its financial year ending June 30, 2018.

According to the company, the LRT3 stretches 37km from Bandar Utama, Petaling Jaya to Johan Setia, Klang and features 26 stations, of which 25 are elevated while the remaining one is an underground station.