KUALA LUMPUR: WCE Holdings Bhd's construction arm, KEB Builders Sdn Bhd (KEBSB) has secured a RM301 million contract for the West Coast Expressway project.
The contract is to construct and complete Section 7, Part 2 of 2 (Section 7B) of the project which is expected to be 30 months from the construction commencement date.
Section 7B would be the last section of the project to be awarded with about 10km in length from the beginning of the Assam Jawa Interchange towards the Tanjung Karang Interchange.
In an exchange filing today, WCE said it has accepted a letter of award by IJMC-KEB joint venture - the engineering, procurement and construction contractor (EPCC) of the project.
As per the concession agreement signed with the government dated January 2, 2013 and the supplemental agreement dated December 11, 2014, the procurement method for Section 7 is to be carried out by way of an open tender, the filing said.
However, in the interest of time and cost, the company said the government has approved the procurement method of Section 7B to be implemented by way of a direct award to KEBSB.
"With this, all the construction packages for the entire alignment of the project have been fully awarded," the filing noted.
WCE said the contract is expected to contribute positively towards the future earnings of the company.