Monday, July 29, 2013

Tenders for RM25b MRT project early next year?

Tenders for RM25b MRT project early next year?
By Sharen Kaur

LINE 2: Project slated to be a circle line and may ply between Sungai Buloh and Putrajaya, says a source
MASS Rapid Transit Corp Sdn Bhd (MRT Corp) expects to call for tenders for Line 2 of the Klang Valley My Rapid Transit (KVMRT) project, estimated to be worth over RM25 billion, by as early as next year, sources said.

The second line is slated to be a circle line and may ply between Sungai Buloh and Putrajaya, a distance shorter than the 51km-long Line 1 from Sungai Buloh to Kajang.

“Although Line 2 is shorter than Line 1, it may cost more because of land acquisition. The Land Public Transport Commission (Spad) is carrying out a study on Line 2 and Line 3 to finalise the alignment.

“It has not been decided whether Line 2 and Line 3 will be implemented simultaneously or one after the other,” a source with first hand knowledge on the matter told Business Times.

Line 1 is mostly elevated except for an underground portion of 9.5km running through the city centre from Semantan at Jalan Duta to Maluri in Cheras.

MRT Corp chief executive officer Datuk Azhar Abdul Hamid said no date for procurement initiatives has been fixed for Line 2 and Line 3.

“The government has approved Line 2 and Line 3 and Spad is in the process of seeking approval,” he said.

Meanwhile, sources said companies prequalified for Line 1 can bid for Line 2 and Line 3.

“As long as they have been prequalified they can bid for Line 2 and Line 3. New companies can also submit their tenders but they must meet the government’s criteria,” one of them said.Winners for Line 1 were Sunway Bhd, Gadang Holdings Bhd, Mudajaya Corp Bhd, IJM Corp Bhd, Ahmad Zaki Resources Bhd, Naim Engineering Sdn Bhd, UEM Construction Sdn Bhd and Apex Communication Sdn Bhd.

The project delivery partner for Line 1 is MMC-Gamuda Joint Venture Sdn Bhd. The JV had won the RM8.2 billion tunnelling job.

Japan’s Meidensha Corp, Germany’s engineering group Siemens AG and Canada’s Bombardier Inc are the foreign firms involved in Line 1.

As at end of June, MRT Corp had awarded work packages worth RM21 billion for Line 1.

“There is a balance of RM2 billion worth of work packages which will be awarded by yearend,” the source said.

The final Line 1’s value will be out by yearend, when all the 85 contracts are awarded.

Line 1 is expected to be completed in July 2017 whereby the overall construction is estimated to have reached about 18 per cent.

Publish date: 29/07/13

No comments:

Post a Comment

Warren E. Buffett(沃伦•巴菲特)
Be fearful when others are greedy, and be greedy when others are fearful
别人贪婪时我恐惧, 别人恐惧时我贪婪
投资只需学好两门课: 一,是如何给企业估值,二,是如何看待股市波动
吉姆·罗杰斯(Jim Rogers)

乔治·索罗斯(George Soros)



高估期间, 卖对, 不卖也对, 买是错的。
低估期间, 买对, 不买也是对, 卖是错的。

Tan Teng Boo

There’s no such thing as defensive stocks.Every stock can be defensive depending on what price you pay for it and what value you get,
  • Selected Indexes 52 week range

  • Margin of Safety

    Investment Clock

    World's First Interactive Investment Clock