SunCon bags RM1.6b govt office buildings job in Putrajaya

SunCon bags RM1.6b govt office buildings job in Putrajaya
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KUALA LUMPUR (Sept 11): Sunway Construction Group Bhd (SunCon) said its subsidiary Sunway Construction Sdn Bhd has accepted an award worth RM1.61 billion for works relating to the construction of 10 government office buildings in Putrajaya.

According to its filing, the contract entails the proposed design, construction and completion of the office buildings, together with one block of shared facilities.

This includes office towers, podium parking and external works for Parcel F, Precinct 1, Pusat Pentadbiran Kerajaan Persekutuan (federal government administrative centre), Putrajaya.

SunCon said the project aims to achieve the gold certification under the Green Building Index requirements.

Works on the project will be for 34 months, commencing on Sept 18.

"The project is expected to contribute positively to the earnings of SunCon Group from the financial year ending Dec 31, 2015 (FY15) onwards. With this letter of award, the total outstanding order book for SunCon Group as of to-date is RM4.3 billion," said the group.

SunCon closed 3 sen or 2.75% higher at RM1.12 today, translating to a market capitalisation of RM1.41 billion.

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