Friday 29 Mar 2024
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This article first appeared in The Edge Financial Daily, on March 16, 2016.

 

KUALA LUMPUR: Developer Kwasa Land Sdn Bhd, a unit of the Employees Provident Fund, has awarded a two-year RM268.9 million contract for common infrastructure works at its Kwasa Damansara township to construction and civil engineering works group TSR Capital Bhd.

The deal was awarded to TSR Capital’s wholly-owned unit, TSR Bina Sdn Bhd, Kwasa Land said in a statement yesterday.

The job encompasses site clearance and site preparation, earthworks, roadworks, drainage works, road furniture, sewerage reticulation, water reticulation, park and ride facilities, electrical infrastructure works, and soft and hard landscape works, said Kwasa Land.

It is to be completed within 104 weeks by March 12, 2018.

This is the second infrastructure works awarded by Kwasa Land, to date, for its 2,330-acre (943ha) Kwasa Damansara township, the statement further read.

The first infrastructure job, valued at RM127 million, was awarded to WCT Holdings Bhd in September 2015; it encompassed the construction and completion of common infrastructure works for a designated area within the vicinity of the main town centre and the Kwasa Sentral mass rapid transit station.

Kwasa Damansara is located in the vicinity of Kota Damansara and Petaling Jaya, Selangor.

It is a mix of residential, commercial, recreational, institutional and educational developments which, when ready, would serve a target population catchment of 150,000.

At market close, TSR Capital gained 1.5 sen or 2.91% to close at 53 sen yesterday, valuing it at RM92.46 million.

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