PJI targets up to RM500mil job at LCCT Terminal

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Wednesday December 23, 2009, By AU KA-SHING

PJI Holdings Bhd is eyeing a contract to provide mechanical and electrical engineering services worth RM400mil to RM500mil at the new LCCT Terminal.

It plans to fund the job through private finance initiatives (PFIs), a method that provides private funding for partnerships between the public and private sectors.

"The total cost of the new LCCT Terminal will be around RM2bil as announced by the Government," said deputy CEO Lim Chong Ling at the company's AGM.

"Next year, we will also explore water-related projects."

Lim said PJI was waiting for details of the 10th Malaysia Plan (10MP) as it saw many opportunities in relation to its core business of electrical and mechanical engineering services.

"Also, the government is going more into financing public projects through PFIs. PJI will work with the Government through Economic Planning Unit or the Treasury."

He added that the company had tendered for jobs worth RM500mil since June, mainly in mechanical and electrical engineering services and water infrastructure.

PJI now has an orderbook of about RM150mil and hopes to add RM150mil to RM200mil by June 2010.

This article is a verbatim copy of the original article from The Star.