Its all systems go for the much-awaited Langat 2 Water treatment
plant and water reticulation system in Selangor with the awarding of the
RM993.88mil contract.
Salcon Bhd said on Thursday its joint venture with MMC Corporation Bhd and Ahmad Zaki Resources Bhd (AZRB) had received the letter of acceptance from Pengurusan Aset Air Bhd.
Salcon has a 36% stake in the JV, MMC 34% and AZRB 30%.
The contract involves building the 1,130 million litres per day water treatment plant and water reticulation system in Selangor under phase one
“The project is expected to contribute positively towards the earnings and net assets of Salcon Group for the financial years ending Dec 31, 2014, 2015, 2016 and 2017,” said Salcon.
Salcon Bhd said on Thursday its joint venture with MMC Corporation Bhd and Ahmad Zaki Resources Bhd (AZRB) had received the letter of acceptance from Pengurusan Aset Air Bhd.
The contract involves building the 1,130 million litres per day water treatment plant and water reticulation system in Selangor under phase one
“The project is expected to contribute positively towards the earnings and net assets of Salcon Group for the financial years ending Dec 31, 2014, 2015, 2016 and 2017,” said Salcon.
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