Sunway Construction rises 4.35% on bagging RM2.18 billion LRT 3 related job

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KUALA LUMPUR (Oct 6): Sunway Construction Group Bhd (SunCon) rose 4.35% this morning after it bagged a contract worth RM2.18 billion in connection with the LRT 3 project (Bandar Utama, Petaling Jaya  to Johan Setia, Klang) from Prasarana Malaysia Bhd.

At 9am, SunCon rose 10 sen to RM2.40 with 289,700 shares done.

SunCon’s alignment is from  Kawasan 17 to Taman Sri Andalas in Klang and is for a duration of 36 months.

The scope of work includes 9.2km of viaduct work, construction of six stations, and the design and building of an iconic cable-stayed bridge over the Klang River.

Additionally, the group will construct two park and rides at Pasar Besar Klang and Sri Andalas as well as a Centralised Labour Quarter at Johan Setia.