KEURO - OTHERS KUMPULAN EUROPLUS BERHAD ("KEURO" or "the Company") Appointment of Turnkey / Engineering and Procurement Contractor for the West Coast Expressway Project for a contract value not exceeding RM5.044 billion
| Company Name | KUMPULAN EUROPLUS BERHAD |
| Stock Name | KEURO |
| Date Announced | 20 May 2014 |
| Category | General Announcement |
| Reference No | KE-140520-69304 |
| Type | Announcement |
| Subject | OTHERS |
| Description | KUMPULAN EUROPLUS BERHAD ("KEURO" or "the Company") Appointment of Turnkey / Engineering and Procurement Contractor for the West Coast Expressway Project for a contract value not exceeding RM5.044 billion |
Further to our announcement made on 23 December 2013, the Company wishes to announce that the Government of Malaysia (“GOM”) has vide its letter dated 19 May 2014, approved the appointment of a consortium comprising of IJM Construction Sdn Bhd and Kumpulan Europlus Berhad (known as the “Consortium IJMC –KEURO”) as the Turnkey/Engineering and Procurement Contractor for the construction of the West Coast Expressway (“WCE”) project for a fixed sum contract not exceeding RM5.044 billion. The appointment of the contractors for the construction of Sections 1,2,6,7,10 and 11 of the WCE project, at a cost of RM2.216 billion will be on an open tender basis in accordance with the Concession Agreement dated 2 January 2013. An independent costs consultant approved by the GOM will be appointed to verify the costs of these Sections. Simultaneously, the GOM has approved the appointment of IJMC as the contractor for the construction of Sections 3,4,5,8 and 9 of the WCE project at a cost of RM2.828 billion which will be verified and confirmed by Lembaga Lebuhraya Malaysia (“LLM”). None of the Directors or major shareholders of the Company, or persons connected with them, has any interest, direct or indirect, in the said appointment, save and except for IJMC which is a wholly-owned subsidiary of IJM Corporation Berhad, which in turn is a major shareholder of the Company. This announcement is dated 20 May 2014. | |
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