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WZ Satu bags RM121.5m construction job for Kedah Rubber City

TheEdge Tue, Nov 26, 2019 10:16am - 8 months ago

KUALA LUMPUR: WZ Satu Bhd has bagged a RM121.5 million contract related to earthworks and infrastructure works for Kedah Rubber City (KRC) Phase 1 (Package 1) in Padang Terap, Kedah for the Northern Corridor Implementation Authority.

In a filing with Bursa Malaysia yesterday, the group said its wholly-owned subsidiary WZS BinaRaya Sdn Bhd had accepted the award for earthworks and infrastructure works for KRC Phase 1 (Package 1). The project is slated to commence on Dec 2 and to be completed by Dec 2, 2021.

“WZS BinaRaya’s scope of works covers earthworks, infrastructure works, [a] reservoir tank, bridge works and street lighting services,” it said.

“The award is expected to contribute positively to the group’s future earnings and net assets per share for financial years ending Aug 31, 2020 to 2022,” it added.

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