Competition intensifies for SBK MRT packages
Posted on August 16, 2012, Thursday
KUCHING: Competition for the remaining Sungai Buloh-Kajang (SBK) My Rapid Transit (MRT) packages remain intense as 95 per cent of the line contracts will likely be awarded by the end of this year.
AmResearch Sdn Bhd (AmResearch) stated that in its research report yesterday, after MRT Corporation Sdn Bhd
(MRT Corp) announced the award of three more station packages for the proposed SBK line.
To recap, TRC Synergy Bhd (TRC) won Package S1 for the construction of elevated stations and other associated works at Sungai Buloh, Kampung Baru Sungai Buloh and Kota Damansara. The estimated value of the contract is RM283.7 million.
On the other hand, Ahmad Zaki Resources Bhd (AZRB) won a similar contract for Package S6 for Taman Suntex, Taman Cuepacs and Bandar Tun Hussein Onn for RM175 million. While the third contract, Package S7 was won by Apex Communication Sdn Bhd with the tender valued at RM104.7 million.
“These three station packages are under the bumiputera category. Taken together with another two packages – S4 won by Naim Holdings Bhd and S5 won by IJM Corporation Bhd, five out of the eight elevated station packages have already been awarded,” noted AmResearch.
As such, AmResearch estimated for 40 out of the 85 packages worth approximately RM15.8 billion had already
It went on to maintain its view that 95 per cent of the SBK line contracts were likely to be awarded by the end of this year. The remaining major contracts include Package V8 (Taman Mesra-Kajang), the RM1.6 billion rolling stock package and the remaining three station packages.
“We gather that three parties have submitted bids to supply rolling stock,” the research house added, listing them as Changchun Railways Vehicle Co Ltd, Siemens SMH Rail Consortium and CSR Zhuzhou Electric Locomotive Co Ltd.
AmResearch believed that while competition for the remaining packages remained intense, Malaysian Resources Corporation Bhd (MRCB) could reportedly be awarded the final viaduct package some time this week.
On the other hand, it believed that WCT Bhd could still be in the running for the last remaining station jobs under the open category.
“We also expect investor expectations to slowly gravitate towards the suppliers of building materials, particularly with the multi-year supply prospects for cement and steel,” the research house added.