TRC Synergy targets MRT, LRT work packages
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.