PROCUREMENT NEWS

Malaysia : Malaysia awards US$240m rail contracts to 3 local firms

Published 04 Oct 2012

Malaysia\'s Mass Rapid Transit rail project, which aims to ease congestion in Kuala Lumpur, has awarded construction contracts worth 732.2 million ringgit (US$240 million) to three local firms.

Mass Rapid Corp Sdn Bhd, the company set up to undertake the transport project, said in a statement that Naim Engineering Sdn Bhd, a unit of Naim Holdings Berhad, won a 204.7 million ringgit contract.

UEM Construction Sdn Bhd and Apex Communications Sdn Bhd won contracts worth 275.8 million ringgit and 251.7 million ringgit respectively, it added.

The contracts were awarded in a tender open to 12 qualified Bumiputra companies. Bumiputra refers to majority ethnic Malays and other indigenous people in the country who benefit from a decades-old affirmative action policy.

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