Protasco Berhad (“Protasco”) is pleased to announce that, DAL HCM Sdn. Bhd. (“DAL HCM”) has today entered into a Concession Agreement with  the Government of Malaysia (“Government”),  for the maintenance of the Federal Roads in the state of Sarawak, Malaysia ("New Concession").

HCM Engineering Sdn. Bhd. (“HCM”), a wholly owned subsidiary of Protasco, was awarded a 15-year concession by the Government of Malaysia on 14 July 2003 to maintain approximately 373 kilometers of Federal Roads in Sibu, Bintulu and Mukah divisions in the state of Sarawak, Malaysia. The 15 years concession shall expire in August 2018.   

DAL HCM, which has a paid up capital of RM4,501,100, is 30% owned by HCM and 70% owned by D.A.L. Keluarga Realty Sdn. Bhd.   

Under the New Concession,  DAL HCM is granted the right to undertake routine maintenance, periodic maintenance, emergency works and all other activities incidental to the performance of the said works on part of the Federal Roads consisting approximately 751 kilometers of roads or any other length as determined by the Government from time to time within the state of Sarawak, for a period of 10 years commencing from 1 September 2018.  

The New Concession is expected to contribute positively to the future earnings of Protasco Group.