Fajarbaru likely to bag RM299mil job for building Sungai Baru station?

(FAJAR opening stock price today (24.4.2012) was 96.5 sen )

Fajarbaru Builder Group Bhd is expected to bag a RM299mil job for the construction of Sungai Baru light rail transit station (LRT) under the LRT extension project by Syarikat Prasarana Negara Bhd, according to a source.

It is learnt that the letter of award was signed last Friday.

The Sungai Baru station will be next to the Putra Heights station and will be located along the Ampang line extension programme.

The station was also slated to be a depot for the Ampang line.

The Sungai Baru station is one of last four work packages for the LRT extension project.

It was reported that the remaining three contracts the system for Ampang line, the card access system for Kelana Jaya line into Ampang line and the development of station 10 and 11 for the Ampang line will be awarded in a month or two.

Besides this, Fajarbaru is also one of the pre-qualified companies for the multi-billion elevated civil, station and depot work packages for My Rapid Transit project.

Not a new face in the rail construction environment, Fajarbaru was awarded a contract worth RM62.6mil by the Bina Puri Holdings Bhd-TIM Sekata joint venture for part of the light rail transit extension for the Ampang line.

Fajarbaru also had won a contract worth RM87.3mil from Trans Resources Corp Sdn Bhd to construct, complete, test and commission stations 1, 2 and 3 for the Kelana Jaya line extension in March last year.

The Kelana Jaya LRT extension line will commence from Lembah Subang to Kelana Business Centre. It will snake through Subang, USJ, Alam Megah and end at the hub in Putra Heights.

The proposed line will consist of 13 new stations and approximately 17km of guideways.

The Ampang LRT extension line will commence from the present Sri Petaling station and pass through Puchong and Kinrara. It too will terminate at the hub in Putra Heights. The proposed line will consist of 13 new stations and approximately 17.7km of guideways.

The project is due to be completed by the end of 2014.

Source: www.thestar.com.my