KUALA LUMPUR (March 9): Prasarana Malaysia Bhd issued a notice of remedy to Scomi Transit Projects Sdn Bhd after the latter failed to deliver trains on time for the KL Monorail system.
Scomi Transit Projects is a unit under Scomi Engineering Bhd. In a statement today, Prasarana said Scomi Transit Projects failed to deliver 10 sets of new four-car monorail trains by Dec 31, 2015.
"Prasarana, the owner of the KL Monorail System, has issued a notice to remedy to Scomi Transit Projects Sdn Bhd for its failure to comply with stage gate 2 of the second supplemental contract to deliver 10 sets of new four-car monorail trains, including seven sets for revenue service by Dec 31, 2015," Prasarana said.
Prasarana said, "Scomi had not only failed to comply with the stage gate schedule on the delivery of the trains, but had also failed to submit any mitigation plan to remedy the delay as requested by Prasarana on Jan 4, 2016."
Under the notice for the Kuala Lumpur Monorail fleet expansion project, Prasarana said it gave Scomi Transit Projects 60 days from yesterday (March 8) to comply with the contract terms.
If Scomi Transit Projects fails to do so, Prasarana said it would be at liberty to terminate the principal contract and supplemental agreements with Scomi Transit Projects.
"Under the principal contract signed between Prasarana and Scomi in 2011, Scomi was contracted to deliver 12 sets of new four-car monorail trains, construction of a new depot, and installation of a new signalling system, as well as to upgrade the Kuala Lumpur monorail stations, including the electrical and mechanical systems, for a total contract value of RM494 million.
"To date, only six sets of new four-car monorail trains had been delivered, of which five sets are currently in revenue service. Works related to the upgrading of the monorail stations and other related systems are still in progress pending the full delivery of the remaining four-car monorail trains," Prasarana said.
On March 1, 2016, Scomi obtained an ex parte injunction to restrain Prasarana from terminating the RM494 million project, according to Prasarana.
KUALA LUMPUR (March 9): Prasarana Malaysia Bhd issued a notice of remedy to Scomi Transit Projects Sdn Bhd after the latter failed to deliver trains on time for the KL Monorail system.
Scomi Transit Projects is a unit under Scomi Engineering Bhd. In a statement today, Prasarana said Scomi Transit Projects failed to deliver 10 sets of new four-car monorail trains by Dec 31, 2015.
"Prasarana, the owner of the KL Monorail System, has issued a notice to remedy to Scomi Transit Projects Sdn Bhd for its failure to comply with stage gate 2 of the second supplemental contract to deliver 10 sets of new four-car monorail trains, including seven sets for revenue service by Dec 31, 2015," Prasarana said.
Prasarana said, "Scomi had not only failed to comply with the stage gate schedule on the delivery of the trains, but had also failed to submit any mitigation plan to remedy the delay as requested by Prasarana on Jan 4, 2016."
Under the notice for the Kuala Lumpur Monorail fleet expansion project, Prasarana said it gave Scomi Transit Projects 60 days from yesterday (March 8) to comply with the contract terms.
If Scomi Transit Projects fails to do so, Prasarana said it would be at liberty to terminate the principal contract and supplemental agreements with Scomi Transit Projects.
"Under the principal contract signed between Prasarana and Scomi in 2011, Scomi was contracted to deliver 12 sets of new four-car monorail trains, construction of a new depot, and installation of a new signalling system, as well as to upgrade the Kuala Lumpur monorail stations, including the electrical and mechanical systems, for a total contract value of RM494 million.
"To date, only six sets of new four-car monorail trains had been delivered, of which five sets are currently in revenue service. Works related to the upgrading of the monorail stations and other related systems are still in progress pending the full delivery of the remaining four-car monorail trains," Prasarana said.
On March 1, 2016, Scomi obtained an ex parte injunction to restrain Prasarana from terminating the RM494 million project, according to Prasarana.
Today, Scomi Engineering shares were not traded. Yesterday, the stock closed unchanged at 28 sen for a market value of RM95.7 million.