Announcements

Date : 09 December 2019

OTHERS AWARD OF PERFORMANCE BASED CONTRACT FOR THE LONG TERM MANAGEMENT AND MAINTENANCE OF STATE ROADS [JALANRAYA NEGERI (JRN)] IN SARAWAK - PACKAGE 3 (MUKAH DIVISION)

PROTASCO BERHAD

Type Announcement
Subject OTHERS
Description
AWARD OF PERFORMANCE BASED CONTRACT FOR THE LONG TERM MANAGEMENT AND MAINTENANCE OF STATE ROADS [JALANRAYA NEGERI (JRN)] IN SARAWAK - PACKAGE 3 (MUKAH DIVISION)

Protasco Berhad (“Protasco”) is pleased to announce that its 30% owned associate company, PJP Barisan HCM JV Sdn Bhd, has been awarded by Jabatan Kerja Raya (Public Works Department),   a Performance Based Contract for the Long Term Management and Maintenance of State Roads [Jalanraya Negeri (JRN)] in Sarawak, Package 3 (Mukah Division),  for a contract period of 10 years, effective from 1 January 2020 until 31 December 2029 (“the Contract”). 

 

The contract sum of approximately RM24.6 million per annum is subject to review every three years with a maximum increase of 7.2% per revision.  

 

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

 

 






Announcement Info

Company Name PROTASCO BERHAD
Stock Name PRTASCO
Date Announced 09 Dec 2019
Category General Announcement for PLC
Reference Number GA1-09122019-00033



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