TRX City awards RM327m traffic project to consortium

PETALING JAYA: TRX City Sdn Bhd, the master developer of Tun Razak Exchange (TRX), has awarded a major traffic dispersion and improvement contract to Gadang CRFG Consortium Sdn Bhd valued at RM327.91 million.
The two-year contract awarded to Gadang CRFG – a joint venture between Gadang Engineering (M) Sdn Bhd and CRFG Malaysia Bhd – will cover earthworks, foundation works, underground reinforced concrete road structure, elevated roadway and at-grade roadway as well as associated works for access roads to and fro the TRX development.
In a statement on Tuesday, TRX City said the contract is part of the larger effort by Kuala Lumpur City Hall and the federal government to improve traffic along Jalan Tun Razak and its vicinity, which aims to reduce traffic loading in Jalan Bukit Bintang and Jalan Tun Razak by up to 27%.
The award of this contract follows a tender process that was overseen by a third party independent audit company. The pre-qualification of participating contractors started in May 2016 and the tender was called in August 2016.
To date, TRX has signed global property and infrastructure group Lendlease to develop the Lifestyle Quarter; Indonesia’s leading property developer Mulia Group to develop the Signature Tower plot; Affin Bank Bhd for an office tower; Lembaga Tabung Haji for a residential plot, and global leader in water management Veolia Water Technologies Southeast Asia for the water treatment and recycling concession.