KUALA LUMPUR: Vizione Holdings Bhd, together with its consortium, has won a contract to undertake the construction works for Package 2 of a mega infrastructure project in Penang for RM815 million.
Buildmarque Construction Sdn Bhd, Vizione’s 50:50 joint venture with Vertice Bhd, has accepted the letter of award of contract from Consortium Zenith Construction Sdn Bhd for the job.
In a statement today, Vizione said Buildmarque would build a 5.7-kilometre by-pass from Bandar Baru Ayer Itam connecting to Lebuhraya Tun Dr. Lim Chong Eu.
It is for 36 months, subject to any extension of time granted under the construction contract.
Buildmarque planned to finance the project via internally generated funds, bank borrowings and/or additional funds from its shareholders.
Consortium Zenith had in October 2013 and November 2013 appointed China Railway Construction Corp (CRCC) as the engineering, procurement and construction (EPC) contractor for, among others, the Package 2.
CRCC’s scope of services included engineering, procurement and construction (excluding implementation, professional engineer endorsement, authorities liaison and any submission of document and drawing to local authority).
“As a fulfilment of the contractual obligation of Consortium Zenith to CRCC pursuant to the CRCC contract, Buildmarque in its capacity as project manager agrees and undertakes to cause the award of the civil and structural construction works under the CRCC contract to CRCC.
“Presently, Vizione’s wholly-owned unit, Wira Syukur (M) Sdn Bhd, is negotiating with CRCC for WSSB to undertake the bulk of the construction works as a sub-contractor.