China firm bags RM2.3 billion E&O land reclamation job

PETALING JAYA: Eastern & Oriental Bhd (E&O) has awarded China Communications Construction Co Ltd a land reclamation contract worth RM2.32 billion for Seri Tanjung Pinang Phase 2 in Penang.
The letter of award (LOA) issued to China Communications Construction’s local unit, Communications Construction Co (M) Sdn Bhd yesterday is an acceptance of the tender to reclaim Phase 2A of Seri Tanjung Pinang Phase 2, an area of about 384 acres, inclusive of the 131 acres of Gurney Drive’s foreshore (Package 1), for RM1.035 billion.
The reclamation works are expected to be completed in 30 months’ time.
“The LOA also includes the conditional award for the proposed land reclamation works for the remainder of Seri Tanjung Pinang Phase 2, made up of Phase 2B and Phase 2C covering an area of approximately 507 acres (Package 2),” said E&O.
Package 2 is worth about RM1.285 billion.