Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study

Friday, November 26, 2010

Prasarana picks TRC, Bina Puri as main contractors for LRT extension jobs

Written by Joseph Chin Friday, 26 November 2010 20:28

KUALA LUMPUR: Syarikat Prasarana Negara Bhd has picked TRC Synergies Bhd and the joint venture between BINA PURI HOLDINGS BHD [] and Tim Sekata JV as main contractors for the multi-billion-ringgit light rail transit (LRT) extension projects.

Prasarana said on Friday, Nov 26 that it had picked TRC’s unit as the main contractor for the 17 km extension of the Kelana Jaya Line from Kelana Jaya station to Putra Heights, which includes 13 new stations. The contract value is RM950 million and it is for 30 months.

It also appointed Bina Puri- Tim Sekata JV as the main contractor to implement the 17.7 km extension for the Ampang LRT line between Sri Petaling to Putra Heights with 13 new stations. The contract value is RM634.64 million and the duration is 27 months.

The announcement confirmed The Edge FinancialDaily report that Bina Puri was in the forefront to win the LRT extension job for the Ampang line worth about RM600 million.

The EdgeFD also reported TRC was tipped to bag the main contract for the Kelana Jaya line extension, estimated to be worth between RM900 million and RM1 billion.

For the Kelana Jaya line extension, Prasarana said the nominated sub-contractor for the fabrication and delivery of segmental box girder was the joint venture between UEM BUILDERS BHD [] and Intria Bina Sdn Bhd.

The contract value is RM93.16 million and the contract period is for 21 months.

As for the Ampang LRT line extension, the nominated sub-contractor for the fabrication and delivery of segmental box girder was also the joint venture between Bina Puri and Tim Sekata.

The contract value is RM67.69 million and the duration of the contract is 19 months.

“In addition, within the total contract value the main contractors will also manage the nominated sub-contractors for contracts worth RM469 million (Kelana Jaya Line) and RM305 million (Ampang Line) respectively,” Prasarana said.

It added the nominated sub-contractors, to be appointed by Prasarana through a separate on-going open tender process, would cover CONSTRUCTION [] of stations; supply and installation of escalators and lifts; and construction of multi-storey car parks.

Taken from here

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