HSR appoints project delivery partners

KUALA LUMPUR: The MRCB Gamuda Consortium, a 50:50 consortium formed between Gamuda Bhd and Malaysian Resources Corporation Bhd (MRCB), has been appointed as the project delivery partner (PDP) for the northern section of the high-speed rail (HSR) project.

In a filing with Bursa Malaysia today, Gamuda said the consortium had accepted a letter of appointment from MyHSR Corporation Sdn Bhd.

It said it was the PDP for the North Package Project, from the Bandar Malaysia station to the contract boundary, which is the first viaduct pier on the south side of the Melaka station.

The company said it planned to finance its investment in the PDP company through internally-generated funds and borrowings.

“The project would not have any significant effect on our earnings and net assets for the financial year ending July 31, 2018.

“However, it is expected to contribute positively to our future earnings,” Gamuda added.

In a separate statement, YTL Corporation Bhd announced that YTL THP JV Sdn Bhd, a joint venture between its wholly-owned subsidiary, Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd, and TH Properties Sdn Bhd, a wholly-owned subsidiary of Lembaga Tabung Haji, had also accepted a letter of appointment from MyHSR Corporation.

The letter sets out the terms and conditions for the appointment of YTL THP JV as the PDP for the southern section of the Malaysian civil infrastructure portion of the Kuala Lumpur-Singapore HSR project.

“The area for the PDP-South package is from the contract boundary, being the first standard viaduct pier on the south side of the Melaka station, to the international boundary between Malaysia and Singapore,” it said.

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