T7 forms consortium for east coast rail job

PETALING JAYA: T7 Global Bhd has signed a memorandum of understanding (MoU) with three parties to form a strategic partnership and collaborate in the construction of the east coast rail line project.

In a filing with Bursa Malaysia, T7, formerly known as Tanjung Offshore Bhd, said it had inked a deal with Eastern Pacific Industrial Corp Bhd (Epic), CMC Engineering Sdn Bhd and China State Construction Engineering (M) Sdn Bhd (CSCEM).

The oil and gas services provider said the MoU would provide an opportunity for the parties to establish collaboration based on the respective party’s expertise and strength. Epic, CMC and T7 are keen to collaborate as a consortium to undertake the construction of the project.

“CSCEM is expected to be the technology partner in this strategic partnership to ensure the smooth implementation of the project.”

T7 said the collaboration also aimed to explore the business opportunities in relation to the project, to promote itself as Terengganu’s initiatives and contributions towards the well-being of the state’s socio-eco- nomic development.

It added that the collaboration is aimed at securing the interest of the Terengganu state government and the Federal Government’s commitment for the participation and implementation of the project.

“The parties also aim to enter into a formal long form business collaboration agreement, detailing the relations and full obligations of the parties on the basis of this MoU in accordance with the secured contracts obtained from the Federal Government.”

T7 said the duration of the MoU would be valid for 12 months.