Date: 19-May-2020
It was reported that Gadang Engineering (M) Sdn Bhd, a subsidiary of Gadang Holdings Bhd, has accepted contracts valued at RM81.17mil from China Communications Construction Sdn Bhd in respect of the East Coast Rail Link (ECRL) project.
The first was a contract for Section Five, which encompasses construction and completion of subgrade earthworks valued at RM24.1mil. The Section Five project commenced on May 28, and is expected to complete on 30 June 2022.
The second is a contract for Section Six which encompasses construction and completion of subgrade, drainage works and culvert work valued at RM57.07mil.
The Section Six Project shall commence on June 15, and is expected to complete on Dec 15,2022.
Gadang said that the projects were expected to contribute positively to the future earnings of the group.
