Scomi Engineering’s orderbook surpasses RM1b mark

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KUALA LUMPUR (Sept 23): Scomi Engineering Bhd, the transport solutions arm of Scomi Group Bhd, said its order book has surpassed the RM1 billion mark after bagging the São Paulo Line 18 project in Brazil.

Its chief executive officer Kanesan Veluppillai said the project is on track to begin operations early next year.

"With the Brazil contract [in our bag], our order book is already at RM1.4 billion," he told reporters after the company’s annual general meeting today.

Before the Sao Paulo win, its order book had stood at RM750 million.

It was previously reported that the group intends to build its order to RM2 billion to RM3 billion by early 2016 or 2017.

"We are actively bidding for more projects in Turkey, Thailand, India and Indonesia," Kanesan said, adding that the company has submitted bids for several monorail projects in Malaysia and is talking to state governments on providing tram services.

In July, Scomi Engineering had announced that it will function as the technology provider to Consorcio ABC Integrado, which was awarded the Public Private Partnership project for a concession period of 25 years. The Line 18 project spans 14.35km.