WCT bags RM555m TRX Lifestyle Quarter job

PETALING JAYA: WCT Holdings Bhd's (WCT) unit WCT Bhd has bagged a two-year contract worth RM555 million from Lendlease Projects (M) Sdn Bhd to undertake the final construction works of the retail component of TRX Lifestyle Quarter.
TRX Lifestyle Quarter is being developed by Lendlease through a joint venture with TRX City Sdn Bhd, a wholly owned subsidiary of the Minister of Finance Inc.
It will be a central part of the overall TRX new financial district master plan, which includes lifestyle retail, food & beverage offerings, hospitality, leisure facilities, residential condominiums and a 10-acre city park.
WCT told Bursa Malaysia Securities yesterday that its subsidiary is entitled to be paid up to a maximum of RM27.75 million for carrying out the preliminary works.
"We are fully committed to TRX and have a proven track record of working with government authorities and industry peers to ensure our global expertise in development, construction, safety and sustainability can benefit the industry," Lendlease Malaysia managing director Stuart Mendel said in a separate statement.
Lendlease said it has recently achieved two million safe construction working hours on the TRX project, testament to the commitment to training and safety.
"We have made significant progress on TRX and welcome the on-going commitment from international investors like Lendlease. We will be working closely together to deliver a high-quality city district for the benefit of Malaysia and all Malaysians," TRX City CEO Datuk Azmar Talib said in another statement.
On Bursa Malaysia, WCT gained 4.5 sen or 5.7% to 83 sen with 10.9 million shares done.