Tanco aims to secure contracts worth RM200mil in 2022

0
53

KUALA LUMPUR: Tanco Holdings Bhd, which has secured two contracts worth a complete of RM41.5mil for subcontract work for the East Coast Rail Link (ECRL) mission, aims to secure contracts worth some RM200mil this yr.

“We will be aggressively pursuing more construction contracts in the coming year which includes the ECRL, and private sector works.

“We aim to secure contracts worth some RM200mil by the end of 2022,” Tanco group managing director Datuk Seri Andrew Tan stated in an announcement.

Tanco’s unit, Tanco Builders Sdn Bhd (TBSB) has secured two contracts worth a complete of RM41.5mil for subcontract works from Sri Medan Holding Sdn Bhd for the ECRL mission, of which China Communications Construction (ECRL) Sdn Bhd is the primary contractor.

TBSB is a wholly-owned subsidiary of Tanco Development Sdn Bhd, which in flip is a wholly-owned subsidiary of Tanco.

Tanco stated TBSB had been awarded two contracts; development and completion of subgrade works for Section 2 of the rail hyperlink which borders Kelantan and Terengganu, and development and completion of construction works for eight bridges in Besut and Setiu, Terengganu.

The development work on the primary mission is scheduled to begin on Feb 8, 2022 and is due for completion inside some 31 months from the graduation date.

The second mission’s graduation date is pending affirmation from China Communications Construction (ECRL) Sdn Bhd.

“Tanco Builders is proud to contribute to the construction of ECRL which is set to act as a catalyst in the post-Covid-19 economic recovery of Malaysia,” Tan stated.



Source link