Advancecon clinches RM370m West Coast Expressway works contract

PETALING JAYA: Advancecon Holdings Bhd has bagged a RM370.07 million contract for the West Coast Expressway project.

In a filing with Bursa Malaysia today, the group said its wholly owned subsidiary Advancecon Infra Sdn Bhd has been appointed as works contractor for the construction and completion of civil works for Section 7, Assam Jawa Interchange to Tanjung Karang Interchange (Part 1 of 2).

The scope of works includes earthworks, ground treatment works, drainage and box culverts, pavements, bridges, road furniture (except road marking, road signages and guardrail), utilities and services, erosion sediment and control plan, environmental protection and enhancement.

The contract period is 30 months from the date of site possession which will be determined later. It is expected to contribute positively towards the group's future earnings.

On Bursa Malaysia today, Advancecon rose 4.86% or 3.5 sen to 75.5 sen on volume of 2.89 million shares.