27 September 2012

Crest Builder eyes RM3.7b Langat 2.

In the headlines of Financial Daily today. 

KUALA LUMPUR (Sept 26): CONSTRUCTION company CREST BUILDER HOLDINGS BHD has its eyes set on the the RM3.7 billion Langat 2 water treatment plant and is currently negotiating with potential partners to submit a bid for the project.

“We bought the tender documents as well and we’re currently in discussions with some potential partners to see how we can put in a competitive bid for it,” Eric Yong, executive director for Crest told the Edge Malaysia in an exclusive interview in his office.

Yong said no memorandum of understanding (MoU) has been signed yet but Crest is looking at forming a joint venture with at least two or three international and local players.

Crest has been known for its high-rise construction operations but recently made headlines after successfully securing the RM1.04 billion Dang Wangi LRT station redevelopment project and the RM1.33 billion development of the Malaysian Rubber Board’s land in Jalan Ampang. According to Yong, the group has also put in several other bids for smaller water treatment and sewage plants as part of its plans to venture into infrastructure construction.

Pengurusan Aset Air Bhd (PAAB) commenced the tender process of Langat 2 just two weeks ago as some 15 companies paid RM10,000 each to pick up the tender documents. The project has been riddled with delays when initial works hit a snag in April this year after the Selangor government refused to issue the remaining development orders.

However, PAAB hopes to secure the necessary approvals by June next year. The tender process is slated to close Nov 20.


Post a Comment