Puncak Niaga bags RM490m sewage treatment plant job

PETALING JAYA: Puncak Niaga Holdings Bhd has been appointed as the principal sub-contract for a sewage treatment plant project in Kuantan worth RM489.93 million.

The group told Bursa Malaysia that its wholly owned subsidiary Puncak Niaga Construction Sdn Bhd had on May 2 entered into a principal sub-contract agreement with Jalur Cahaya Sdn Bhd for the contract, which runs from March 5, 2018 to Feb 19, 2022.
Under the contract, Puncak Niaga has to construct a new regional sewage treatment plant with a capacity of 200,000 population equivalent (PE) for the first phase with an ultimate capacity of 400,000 PE.
It also needs to construct the sewage conveyance system totaling 66km, new network pumping stations at identified locations and the routing of the main pumping station for rationalisation works.
At today’s market close, Puncak Niaga’s share price rose 1% to close at 46 sen on some 26,000 shares done.