KUALA LUMPUR: SUNWAY HOLDINGS BHD []'s wholly-owned subsidiary Sunway CONSTRUCTION [] Sdn Bhd has secured a contract worth RM37.36 million from the Ministry of Transport for the proposed upgrading of the Sultan Abdul Aziz Shah Airport in Ipoh.
Sunway said on Thursday, Feb 17 that the project was expected to commence in March, with a construction period of 72 weeks.
The company said the project was expected to contribute positively to its earnings for the financial year ending Dec 31, 2011 onwards.
"The proposed project is subject to normal construction risk of materials price fluctuation.
"However, with the past experience and expertise of Sunway Construction in construction projects in Malaysia, this risk could be mitigated at this juncture," it said.
Sunway said on Thursday, Feb 17 that the project was expected to commence in March, with a construction period of 72 weeks.
The company said the project was expected to contribute positively to its earnings for the financial year ending Dec 31, 2011 onwards.
"The proposed project is subject to normal construction risk of materials price fluctuation.
"However, with the past experience and expertise of Sunway Construction in construction projects in Malaysia, this risk could be mitigated at this juncture," it said.
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