KUALA LUMPUR (Bernama): Gadang Holdings Bhd has accepted a letter of award (LOA) today to undertake contract works amounting to RM38.518mil from TRX City Sdn Bhd.
In a filing with Bursa Malaysia, it said its wholly-owned subsidiary, Gadang Engineering (M) Sdn Bhd, received the LOA for the project.
The project involves the construction of a multi-level bridge linking the northern and southern sites at the Tun Razak Exchange (TRX) on Jalan Sultan Ismail.
The company said the project should commence on July 1, 2019 and would be completed by the third quarter of 2020.
"The project is expected to contribute positively to the future earnings of Gadang Group.
"Risks associated with the project are mainly operational risks such as launching of steel bridge and permit approval from local authorities,” it added.