Friday 29 Mar 2024
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KUALA LUMPUR (March 16): Construction and civil engineering works specialist TSR Capital Bhd rose 3.77% this morning after it won a two-year RM268.9 million contract for common infrastructure works from Kwasa Land Sdn Bhd for the Kwasa Damansara township project.

At 9.05am, TSR Capital rose 2 sen to 55 sen with 257,100 shares done.

In a statement today, Kwasa Land said the deal was awarded to TSR Capital's unit TSR Bina Sdn Bhd.

The job comprises site clearance and site preparation, earthworks, roadworks, drainage works, road furniture, sewerage reticulation, water reticulation, park and ride facility, electrical infrastructure works, and soft and hard landscape works, said Kwasa Land.

It is to be completed within 104 weeks by March 12, 2018.

This is the second infrastructure works awarded by Kwasa Land, to date, for its 2,330-acre Kwasa Damansara township, the statement further read.

The first infrastructure job, valued at RM127 million, was awarded to WCT Holdings Bhd in September 2015, and encompasses the construction and completion of common infrastructure works for a designated area within the vicinity of the main town centre and Kwasa Sentral MRT Station.

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