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Monday, January 10, 2011

SAAG RR Infra Limited Secures US$78 Million EPCC Contract

KUALA LUMPUR, Jan 10 (Bernama) -- SAAG RR Infra Limited through its overseas subsidiary, OGS Asiapac Ltd, has secured an Engineering, Procurement, Construction and Commissioning (EPCC) contract worth US$78 million from Mrails Tram (Melaka) Sdn Bhd (Mrails).

In a filing to Bursa Malaysia on Monday, the subsidiary of SAAG Consolidated (M) Bhd said, the contract is for the 40 kilometres Tramway in Melaka project.

The company also said the project is scheduled to commence on Feb 18 and the contract period is 15 months from commencement date.

The tram system starts from the main depot near the toll plaza at Ayer Keroh, connecting the city through 32 stops or stations along the way, and involving also the United Nations heritage site.

The project is expected to contribute positively to the earnings of the SAAG Group in 2011 and 2012. -- BERNAMA

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