While issues have sprung up in the Sarawak portion, in April this year Warisan Tarang Construction Sdn Bhd, partnering UEM Group Bhd and MMC Corp Bhd, was awarded the multibillion-ringgit Sabah portion of the Pan Borneo Highway. The three companies are set to be the PDP for the 700-odd kilometre Sabah portion of the highway, costing some RM13 billion.
UEM and MMC equally control 40% of the joint venture PDP while Warisan Tarang controls the remainder 60%.
Yet, for the Line 2 project alone, MMC-Gamuda KVMRT had recently won a package worth RM15.47 billion. The work includes “Construction and Completion of Tunnels, Stations and Associated Structures from Jalan Ipoh North Escape Shaft to Desa Waterpark South Portal.”
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amy1988
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Posted by amy1988 > 2016-07-21 17:29 | Report Abuse
http://www.theedgemarkets.com/my/article/funding-issues-pan-borneo-highway
While issues have sprung up in the Sarawak portion, in April this year Warisan Tarang Construction Sdn Bhd, partnering UEM Group Bhd and MMC Corp Bhd, was awarded the multibillion-ringgit Sabah portion of the Pan Borneo Highway. The three companies are set to be the PDP for the 700-odd kilometre Sabah portion of the highway, costing some RM13 billion.
UEM and MMC equally control 40% of the joint venture PDP while Warisan Tarang controls the remainder 60%.