KUALA LUMPUR (Aug 29): Ireka Corp Bhd will focus on replenishing its order book this year by tendering for more external and internal projects, says group managing director, Lai Vion Hon.

He said over the next three years, the construction division would have about RM850 million worth of work from the RM1.4 billion gross development value (GDV) from the current targeted project launches.

The outstanding works on hand now stands at about RM250 million.

“The construction sector of our core business has been slow to grow last year due to delays in approvals for the continuation of large infrastructure projects, coupled with a slowdown in both the commercial and residential sectors.

“With the recommencement of civil engineering project like the East Coast Rail Link (ECRL), Ireka has been shorlisted to tender for the forthcoming projects,” he told reporters after the company’s annual general meeting here today.