KUALA LUMPUR: Muhibbah Engineering (M) Bhd has secured a RM135 million contract from Westports Holdings Bhd to construct and complete the first 300 metres of Container Terminal 8 wharf and access bridges and associated works (Part A) at Westports, Pulau Indah, Selangor.

Muhibbah announced to Bursa Malaysia that it had received a letter of award yesterday from Westports Malaysia Sdn Bhd, a wholly-owned subsidiary of Westport Holdings, with regard to the contract.

Muhibbah said Westport had an option, within six months from the date of the site possession for Part A, to award Muhibbah the second 300 metres of Container Terminal 8 wharf (Part B) worth RM256 million inclusive of government service tax.

“The possession of Part A is scheduled for this month and is expected to be completed within 12 months from the date of site possession,” it said. Part B, if awarded, will be completed by the third quarter of 2016.

Muhibbah said the contract is expected to contribute positively to the earnings and net assets of the group for future financial years.

This article first appeared in The Edge Financial Daily, on December 4, 2014.