Successful synergies
MALAYSIAN Resources Corporation Berhad’s ( MRCB) other core activity is its engineering, construction and environment division, which has achieved significant synergies with the Group’s core business of property development and investment.
Recording a revenue of RM774mil last year – an increase of 51% over 2014 – it has an external order book of RM6.6bil.
Among the major projects won are the Light Rail Transit Line 3 PDP Contract, the rejuvenation of Bukit Jalil Sports Centre, the Kwasa Utama mixed- development projects in Kwasa Damansara, and the Desaru coast developments in Johor. The Desaru developments comprise two hotels, a convention centre, resort villas and recreational facilities.
As the project delivery partners for LRT3 ( Light Rail Transit Line 3), MRCB and its joint venture partner George Kent will manage the construction of the 37.6km LRT3, which will run from Bandar Utama in Petaling Jaya to Johan Setia in Klang, plying through 26 stations with 6,000 parking lots. Valued at RM9bil, the project is anticipated to serve two million commuters by 2020.
Its most recent win in May was Package V210 of the MRT Line 2 Sungai Buloh- Serdang- Putrajaya project from MRT Corp worth RM648mil.
The project involves the construction and completion of a viaduct guideway and other associated works from Persiaran APEC to Putrajaya Sentral.
MRCB today is also at the forefront of protecting our rivers and coastlines. It has a demonstrated capability for environment mitigation works in Pahang, Penang and Malacca.
This included work to alleviate the siltation problem at the Sungai Pahang river mouth. The silted river mouth had increased the risk of flooding and affected the livelihood of local fishermen. The solution was the construction of a breakwater, coastal erosion protection works and the dredging of a dedicated navigation channel at the river mouth.
Another project that benefited local fishermen was the construction of the Bagan Ajam Jetty at Pantai Bersih in Butterworth.
Previously, the fishermen could only berth at low tide and go out to sea at high tide. Extending the jetty 150m into deeper waters enabled year- round fishing for every fisherman in the surrounding communities.
MRCB conducted a social return on investment study and produced a report that rated the project as generating RM13 for the community for every RM1 spent on the jetty project.
MRCB’s Engineering and Construction Division was awarded an iconic, first- ever project to install an overhead transmission line in Malaysia that crosses a stretch of sea in the Straits of Malacca, from Pantai Siring to Pulau Besar in Malacca. The project has created a new landmark for the state.
“For the first time in Malaysia, a routine overhead transmission line installation work has been approached with the aim to make it blend well with tourism elements. This has set a new benchmark in technical achievement and sustainable enhancement of environmental aesthetics. Taking the unique approach has always been MRCB’s forte as demonstrated by the Group’s Kuala Lumpur Sentral CBD development, and the Green buildings we have developed in this area,” says Tan Sri Mohamad Salim Fateh Din, MRCB group managing director.
Last year, the division was also awarded three other projects amounting to RM210mil by TNB.
The three projects included the diversion of an existing 275kV Overhead Lines from Bukit Tarek to Chubadak near Rawang, and Bukit Lagong Forest Reserve, installation of a Double Circuit 500kV Overhead Transmission Lines from Mukim Jabi, Segamat to Mukim Serting Hilir, Jempol, and the Main Intake 500/ 275kV Substation Lenggeng extension of 3 Diameters 500kV Line.
In light of its successes with these high- voltage transmission projects, MRCB is embarking on other areas of business development related to power and distribution, as well as advanced metering infrastructure.