Muhibbah Engineering bags contract from Northport

PETALING JAYA: Muhibbah Engineering (M) Bhd has bagged two contracts worth a combined RM143.1 million from Northport (Malaysia) Bhd, a wholly-owned subsidiary of NCB Holdings Bhd , for upgrading works at Wharf 8 and associated works at Container Terminal Four (CT4) in Northport, Port Klang.
In a filing with Bursa Malaysia yesterday, Muhibbah Engineering said the contract value for the upgrading works to Wharf 8 and associated works at CT4 totals RM138.8 million, while dredging works is RM4.3 million.
"Upon completion of the upgrading of Wharf 8, it will place NMB in a better position to handle the Triple E-Class Container vessels. This will offer NMB improved connectivities for shipping routes to service Europe, America, China and Japan routes," it said.
The 24-month contract will commence latest on July 22, 2015 and is expected to contribute positively to the earnings and net assets of Muhibbah Group for the current and future financial years.