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Gadang Eng JV gets RM291 million LCCT job

Gadang Holdings Bhd’s wholly owned subsidiary Gadang Engineering (M) Sdn Bhd (GESB) and Bukit Jerneh Quarry Sdn Bhd (BJQ) have received a letter of acceptance from Malaysia Airports Holdings Bhd for part of the proposed low-cost carrier terminal (LCCT) worth RM291.1mil.

In a filing to Bursa Malaysia yesterday, Gadang said the scope of works under the contract comprised site preparation, earthworks and main drainage for Runway 3 and its associated taxiways which were expected to be completed on Dec 18.

“The contract is awarded to Gadang-BJQ joint venture, an unincorporated joint venture comprising GESB and BJQ in the proportion of 70:30 respectively,” it said.

Gadang said the contract was expected to have a positive impact on the earnings and net assets of the group for the financial years ending May 31, 2010 and 2011.

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