KUALA LUMPUR (Aug 15): Malaysian Resources Corp Bhd (MRCB) announced today it has secured a contract in relation to the construction of the Damansara-Shah Alam Elevated Highway (DASH) for RM369 million.

MRCB said in a filing today that it received a Letter of Acceptance (LoA) on Aug 14 from Turnpike Synergy Sdn Bhd to undertake and complete the contract — dubbed the “Package CB2: Construction and Completion of Mainline and Other Associated Works from CH.12453.000 to CH.14342.371” under the “Projek Penswastaan Lebuhraya Bertingkat Damansara — Shah Alam”.

DASH is a 20.1km three-lane dual carriageway connecting Puncak Perdana in Shah Alam to Damansara Perdana in Petaling Jaya. Turnpike Synergy is a unit of the expressway concessionaire, Projek Lintasan Kota Holdings Sdn Bhd (Prolintas), which is in turn a unit of Permodalan Nasional Bhd.

MRCB said the 26-month project is anticipated to commence by end-August this year, to be completed by October 2019.

In another statement, MRCB announced it has received an LoA from Tenaga Nasional Bhd (TNB) to construct an Islamic hall and staff quarters at TNB’s headquarters on Jalan Bangsar here for a contract sum of RM40 million.

The project is the first phase of TNB’s campus workplace development at the headquarters, which is designed by global architecture firm Woods Bagot.

“The duration of the contract is 15 months from the date of site possession,” said MRCB.

At 5pm, shares of MRCB closed three sen or 2.63% higher at RM1.17 with 7.53 million shares traded, giving it a market capitalisation of RM2.57 billion.