Friday, January 14, 2011

Syarikat Kayu Wangi secures RM129m Kedah housing subcontract

KUALA LUMPUR: Syarikat Kayu Wang Bhd (SKW) has secured a RM129.24 million subcontract to supply labour , equipment and other necessary items for an affordable housing scheme in Alor Setar, Kedah.

It said on Friday, Jan 14 that it has accepted a letter of award from B.S. Civil Engineering Sdn Bhd for the subcontract.

It said the first phase of the project consisted of three blocks of 11-storey medium-cost apartments'' comprising of 480 units of 800 sq ft per unit. The second phase comprised of seven blocks of 11-storey medium cost apartments comprising 1,120 units of 1,000 sq ft per unit, surau and multipurpose hall and ancillary works.

It said work would be carried out in two phases, with the first phase to start in June 2011 and end in May 2014, while the second phase will start in June 2014 and to be completed in May 2017.

SKW expected the subcontract to contribute positively to its earnings for the financial years ending 2011 to 2017.


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