KUALA LUMPUR: Bina Puri Holdings Bhd's (BPH) 49 per cent-owned joint venture company, Chun Yang Bina Puri (JV) Sdn Bhd, has bagged a contract from Tokoh Ilham Sdn Bhd for a project under the public works department.
The contract, valued at RM72.85 million, involves subcontracting works in Jalan Kampung Medong, Lebrasau, and Kampung Klid in Mukah, Sarawak.
The contract is for 24 months and is expected to be completed by the third quarter of 2025.
BPH expects the contract to contribute positively to its earnings and net assets in the financial year ending June 30, 2024, and onwards.
Group executive director Datuk Matthew Tee said that as an established construction player, BPH has been at the forefront of delivering successful projects across Malaysia, including the iconic Sarawak State Legislative Assembly (DUN) building in Kuching.
"This contract reaffirms BPH's track record of excellence in the construction industry and our commitment to delivering high-quality results on every project.
"As we continue to demonstrate our credibility and expertise across a wide range of critical projects, BPH is well-positioned for growth in the construction segment," he said in a statement.
Moving forward, BPH continues to build a solid recurring income base through a mix of international and local projects.
Among its key projects are Puri Residences, a 21.41-acre landed residential development in Masai, Johor, with 384 units of double-storey homes and an estimated gross development value (GDV) of RM217 million.
BPH is also involved in The Valley @ Bentong, Pahang, an agricultural-based development comprising a mix of farms and homes.
Built on a parcel of land spanning 1,600 acres, The Valley has an estimated GDV of RM383 million.
BPH currently has an orderbook of RM1.5 billion for its construction and property segments.