Monday, January 10, 2011

SAAG secures RM239.5m rail project in Melaka

KUALA LUMPUR: SAAG CONSOLIDATED (M) BHD []'s subsidiary has secured a US$78 million (RM239.54 million) contract from Mrails Tram (Melaka) Sdn Bhd to design and build 40 km of tramway in Melaka.

SAAG said on Monday, Jan 10 its overseas subsidiary OGS Asiapac Ltd had secured the design, engineering, procurement, CONSTRUCTION [] and commissioning (EPCC) contract on Dec 23 last year.

Mrails Tram is incorporated in Malaysia and it had signed a principal agreement with the Chief Minister of Malacca (Incorporation) on March 3 last year for a 25 year concession with the Malacca government to provide 40 km of tramway in the state capital to enhance the public transport facilities.




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