Advancecon obtains fourth ECRL contract worth RM60.6 million

KUALA LUMPUR: Earthworks and civil engineering services specialist Advancecon Holdings Bhd’s (Advancecon) subsidiary, Advancecon Infra Sdn Bhd, obtained a contract worth RM60.6 million to undertake subgrade works for Section 4 (Package 3) of the East Coast Rail Link (ECRL) infrastructure megaproject.

The contract, awarded by China Communications Construction (ECRL) Sdn Bhd, would be for a duration of 25.5 months from the commencement in March 2021 up to the projected completion in April 2023.

This represents the group’s fourth contract within the ECRL, having been awarded its first two contracts within Section 6 of the ECRL in September 2020, amounting to RM53.7 million and RM27.1 million respectively.

A third contract worth RM29.8 million within Section 4 of the ECRL, was subsequently secured in the same month, bringing Advancecon’s total ECRL contract wins to RM171.2 million.

Advancecon group chief executive officer Datuk Phum Ang Kia, said securing yet another ECRL contract speaks volumes of the group’s strong track record and competitiveness in providing efficient earthworks and civil engineering services.

“We are heartened by the continued trust placed in us by our client, and will endeavour to execute all works efficiently,” he said in a statement.

“With resources already mobilised in the project, we can seamlessly allocate machinery and manpower among all packages in a timely manner to make progress within the agreed timeframes.

“Boosted by this positive development, we are optimistic about securing more contracts within the ECRL as well as other major infrastructure projects across the country. We are aiming to grow in tandem with the gradual recovery of the construction sector.”

With this latest contract win, Advancecon’s orderbook expands to RM774.8 million, and would provide earnings visibility for a minimum of 25 months.