KUALA LUMPUR: Advancecon Holdings Bhd has secured a RM417.7 million contract as the main contractor for the development of the Silver Valley Technology Park (SVTP) in Perak.
Advancecon said its wholly owned Infra Sdn Bhd (Advancecon Infra) bagged the contract from Advancecon Development Sdn Bhd, another indirect wholly-owned subsidiary of Advancecon.
With the new contract, the company's unbilled order book increased to RM739.3 million as of Sept 30, 2024.
"The contract spans 36 months from the commencement date and encompasses a comprehensive scope of work, including key infrastructure civil works and external mechanical and electrical services.
"Specifically, the works will involve site clearing, earthworks, road and drainage systems, bridge construction and the installation of external mechanical and electrical systems such as street lighting and services for Tenaga Nasional Bhd (TNB) substations, among others," it said in a statement.
Advancecon group chief executive officer Datuk Phum Ang Kia said the contract not only reinforces its position as a trusted industry leader but also highlights the confidence that its partners place in its capabilities.
"The Silver Valley Technology Park is a transformative initiative that will drive industrial and technological advancements in Perak Darul Ridzuan, and we are proud to play a pivotal role in its development," Phum said.
"Our team is fully dedicated to executing this project with precision, innovation, and sustainability at the forefront.
"By delivering best-in-class civil engineering solutions, we aim to contribute to the socio-economic progress of the region while setting a new benchmark in infrastructure excellence," Phum added.