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 |