KUALA LUMPUR: PPES Works (Sarawak) Sdn Bhd and Bina Puri Sdn Bhd joint venture (PPESW-BPSB JV) have secured a RM1.36 billion contract from Lebuhraya Borneo Utara Sdn Bhd.
Bina Puri Sdn Bhd is a wholly owned subsidiary of Bina Puri Holdings Bhd.
In a filing to Bursa Malaysia yesterday, Bina Puri Holdings said the contract is for the proposed development and upgrading of phase one of the Pan Borneo Highway, covering Sungai Awik Bridge to Bintangor Junction in Sarawak.
“The contract is for duration of 47 months from the date of the letter of award,” Bina Puri said.
PPESW–BPSB JV is a 70 (PPESw): 30 (BPSB) joint venture and a joint venture company will be incorporated to undertake the contract as a condition imposed in the tender for the contract, it said. — Bernama