business

IJM Corporation wins two contracts worth a total of RM981.8mil

KUALA LUMPUR: IJM Corporation Bhd's subsidiary, IJM Construction Sdn Bhd, has secured two construction contracts in Selangor worth RM981.8 million.

The contract entails a RM831 million design-and-build turnkey construction contract for a new 312-bed government hospital in Kapar and another contract worth RM150.8 million for constructing an office tower in Shah Alam for the Inland Revenue Board (LHDN).

The company received a letter of award from the Works Ministry for the first contract early this week.

Construction work for the hospital with specialist medical facilities is scheduled to commence in November and is expected to be completed within 48 months by November 2026.

The company noted that the project is a 60:40 joint venture between IJM Construction and Ganda Imbuhan Sdn Bhd.

"We are proud to have been selected to build Hospital Kapar.

"IJM has been delivering important infrastructure in communities across the country for close to four decades, including a sizable portfolio of healthcare-related facilities," said group chief executive officer and managing director Liew Hau Seng.

The contract entailed earthworks and ground treatment works, piling and foundation works, interior design for the main areas in the hospital, mechanical and electrical services inclusive of related medical equipment, information and technology works, external and infrastructure works, environmental and protection enhancement works, maintenance works and construction of 120 units of staff quarters.

The development of Hospital Kapar and its specialist medical services aimed to reduce the congestion of other government hospitals in the Klang and Shah Alam areas.

Liew said the award demonstrated IJM's strength in the healthcare sector, reflecting its track record.

"We are committed to leveraging our experience in building and infrastructure projects and contributing to the future of healthcare in Kapar and the surrounding Klang community," he said.

Meanwhile, construction work for LHDN is scheduled to commence on November 1, 2022, and is expected to be completed within 36 months by October 31, 2025.

Following the project win, the company's order book stood at RM4.6 billion, comprising a mix of private and public sector building construction and civil engineering projects that provide near-term earnings visibility.

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