Posted by Jimmy Song > 2015-09-08 09:30 | Report Abuse

GEORGE KENT BAGS LRT 3 George Kent & MRCB JV Appointed PDP for RM9.0 billion Project PUCHONG, 7 SEPTEMBER 2015 – GEORGE KENT (MALAYSIA) BERHAD (“GKENT” or “the Group”) and their Joint Venture (“JV”) partner Malaysian Resources Corporation Berhad (“MRCB”) received a Letter of Appointment (“LOA”) from Prasarana Malaysia Berhad ( “Prasarana”) for the role of Project Delivery Partner (“PDP”) in relation to the construction and completion of the Light Rail Transit Line Three (“LRT 3”) from Bandar Utama to Johan Setia. The scope, terms and conditions of the appointment as PDP will be subject to a definitive agreement to be executed between the JV and Prasarana. Construction work on the 36km LRT 3 line will begin in early 2016 and is expected to be completed by Aug 31, 2020. The development cost is estimated to be RM9.0 billion , excluding the cost of land acquisition. This contract will significantly add to the Group’s current order book of specialist projects and is in line with the Group’s strategy to actively bid for current and up-coming infrastructure projects. Commenting on the award of this Project, GKENT’s Chairman, Tan Sri Dato’ Tan Kay Hock said, “This is by far our biggest contract win which will add significantly to our bottom line .We have developed a very credible team and we look forward to working with our JV partner, MRCB to ensure that this project is delivered successfully.