Thursday, December 22, 2011

Muhibbah's Australian JV gets RM1.05b job in Queensland

Larger Smaller Reset KUALA LUMPUR (Dec 22): Muhibbah Engineering Bhd and its Australian joint venture partner Monadelphous Group Limited have landed a RM1.05 billion (AUD330 million) job to build an approach jetty and ship berth in Queensland.

Muhibbah said on Thursday that Monadelphous Muhibbah Marine JV (MMM) had secured the contract to build the jetty and ship berth associated with the Wiggins Island Coal Export Terminal Pty Ltd's (WICET) Project at Gladstone in Queensland.

MMM is a 50:50 joint venture between Muhibbah CONSTRUCTION [] Pty Ltd, a wholly owned subsidiary of Muhibbah in Australia and Monadelphous Engineering Pty Ltd, a wholly owned subsidiary of Monadelphous Group Ltd.

Muhibbah said the contract included the construction of offshore plant and infrastructure including a 1.8km approach jetty and transfer tower platform, wharf, wharf conveyor including the drive and take up tower, berthing and mooring dolphins, ship access platforms, jetty conveyor (including the section onshore) and transfer tower.

It said the work, which is part of stage one of the project, was scheduled to commence immediately and be completed by the first quarter of the 2014 calendar year.

Muhibbah said the contract was expected to contribute positively to its earnings for the current and future financial year.

Monadelphous Group Limited (Monadelphous) is an Australian firm listed on the Australian Securities Exchange, an engineering group providing construction, maintenance and industrial services to the resources, energy and infrastructure industry sectors.

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