This article first appeared in The Edge Financial Daily on October 17, 2019

KUALA LUMPUR: Mestron Holdings Bhd has accepted a project-wide supply agreement with MMC Gamuda KVMRT (T) Sdn Bhd to supply and commission LED tunnel lighting for Mass Rapid Transit 2 (MRT2): Sungai Buloh–Serdang–Putrajaya.

Mestron unit, Max Lighting Sdn Bhd, will design, supply, deliver, and supervise the installation, testing and commissioning of LED tunnel lighting to underground tunnel forming part of the main contract work in accordance with the terms and conditions set out in the agreement, Mestron said in a filing with Bursa Malaysia yesterday.

It said the contract value for the job will be payable on completion of each work stage as agreed upon in accordance to the payment schedule stated in the agreement.

The agreement is not expected to have any material effect on the group’s net assets, gearing and earnings for the financial year ending Dec 31, 2019, but is expected to contribute positively to group earnings for the following financial year.

MMC Gamuda KVMRT is a joint venture between MMC Corp Bhd and Gamuda Bhd. It was set up to undertake the design and construction work for the underground package of the Klang Valley Mass Rapid Transit (KVMRT) project and is the main contractor for the MRT2 project.