TRC Syn­ergy tar­gets MRT, LRT work pack­ages

New Straits Times - - Business -

TRC Syn­ergy Bhd will ag­gres­sively ten­der for mass rapid tran­sit (MRT) and light rail tran­sit (LRT) pack­ages this year amid ef­forts to also build up con­tri­bu­tion from its prop­erty seg­ment, said man­ag­ing direc­tor Tan Sri Sufri Mohd Zin.

T R C S y n e r g y, which is mainly in­volved in the con­struc­tion busi­ness, is gear­ing up to im­prove the con­tri­bu­tion ra­tio of the seg­ment to 80:20 from 90:10 cur­rently.

Sufri said the con­struc­tion di­vi­sion had man­aged to secure RM1.01 bil­lion worth of new projects last year.

TRC Syn­ergy is cur­rently in- volved with as­so­ci­ated works be­tween the Pasar Seni LRT sta­tion and the Kuala Lumpur Kere­tapi Tanah Me­layu Bhd rail­way sta­tion, devel­op­ment and up­grad­ing of the Pan-Bor­neo High­way in Sarawak and ex­ten­sion of the Sun­gai Bu­loh MRT de­pot.

Sufri said TRC Syn­ergy was eye­ing sim­i­lar con­struc­tion projects this year given that it had ex­pe­ri­ence in the field.

“We have all the ex­pe­ri­ence... we know the trade, we know the price and what we should do. And we have a good rep­u­ta­tion and good track record. I be­lieve there will be more to come,” he said, adding that TRC Syn­ergy was among the few com­pa­nies pre-qual­i­fied for the new phase of in­fras­truc­ture projects for the MRT, LRT and Pan-Bor­neo High­way.

The group’s prop­erty devel­op­ment di­vi­sion is also ex­pected to work with Prasarana Malaysia Bhd to build tran­sit-ori­ented devel­op­ments (TODs).

TODs are a mix of hous­ing, of­fice, re­tail and other ameni­ties in­te­grated into a walk­a­ble neigh­bour­hood and lo­cated near qual­ity pub­lic trans­port.

“Prasarana is the owner of the land and the project’s gross devel­op­ment value is RM1 bil­lion,” he said, adding that the project would be lo­cated at Sta­tion 2 LRT Ara Da­mansara, and was ex­pected to be launched by the sec­ond quar­ter of next year.

TRC Syn­ergy has also ven­tured into the Aus­tralian prop­erty mar­ket by in­vest­ing RM100 mil­lion in Springridge devel­op­ment in Wal­lan and East Edge Botan­ica devel­op­ment in Mel­bourne.

In the Springridge devel­op­ment, 353 hous­ing units of the to­tal 906 units have been sold. Mean­while, the East Edge Botan­ica devel­op­ment com­prises a ho­tel and of­fice suites.

TRC Syn­ergy is also un­der­tak­ing a project with Pu­tra Per­dana Con­struc­tion Sdn Bhd to de­velop the 1Malaysia Civil Ser­vants Hous­ing Pro­gramme in Putrajaya.

“Fo r o u r p r o j e c t i n A r a Da­mansara, we will also have the affordable hous­ing com­po­nent,” said Sufri.

TRC Syn­ergy’s pre-tax profit for the first quar­ter ended March 31 soared to RM14.88 mil­lion from RM1.16 mil­lion in the same pe­riod a year ago.

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