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GBGAQRS

0.745

-0.015 (-2%)

OTHERS GABUNGAN AQRS BERHAD (GBGAQRS OR THE COMPANY) - ARTICLES OF AGREEMENT (THE AGREEMENT) WITH MRCB GEORGE KENT SDN. BHD. IN RESPECT OF THE LRT3 PROJECT (PACKAGE GS04)

Amended Announcements
Please refer to the earlier announcement reference number: GA1-01102020-00071

GABUNGAN AQRS BERHAD

Type Announcement
Subject OTHERS
Description
GABUNGAN AQRS BERHAD (GBGAQRS OR THE COMPANY) 
-	ARTICLES OF AGREEMENT (THE AGREEMENT) WITH MRCB GEORGE KENT SDN. BHD. IN RESPECT OF THE LRT3 PROJECT (PACKAGE GS04)

We refer to the Company’s announcements dated 5 October 2017 and 22 February 2019 in relation to the award of the project by Prasarana Malaysia Berhad (“Prasarana”) to Gabungan Strategik Sdn Bhd (Registration No. 199901017985 (492885-H)) (“GSSB”), a wholly-owned subsidiary company of GBGAQRS for the “Construction and Completion of Guideway, Stations, Park and Ride, Ancillary Buildings and Other Associated Works for Package GS04 for Construction and Completion of Light Rail Transit Line 3 (LRT 3) from Bandar Utama to Johan Setia” (“the Project”).  

 

The Board of Directors of GBGAQRS wishes to announce that an Articles of Agreement (“the Agreement”) was signed by MRCB George Kent (“MRCBGK”) and GSSB on 1 October 2020. The signing was conducted following Prasarana's appointment of MRCBGK as a turnkey contractor as a result of the change from a project delivery partnership to a turnkey contract pursuant to a contract between Prasarana and MRCBGK.

 

Pursuant to the Agreement, the scope of works in the Package GS04 contract has been revised and agreed with the salient amendments as follows:

 

  1. The design and scope of the Project has changed, and with this, a new revised contract price of RM709,800,000.00 is agreed between GSSB and MRCBGK; and 
  2. The revised completion date for the Project will be 30 November 2023. 

 

This announcement is dated 5 October 2020. 






Announcement Info

Company Name GABUNGAN AQRS BERHAD
Stock Name GBGAQRS
Date Announced 05 Oct 2020
Category General Announcement for PLC
Reference Number GA1-05102020-00028