MUHIBBAH & JV partner get jobs from PetGas for RM1.07billion

• MUHIBBAH via JV with the consortium partner Perunding Ranhill Worley Sdn Bhd have secured a RM1.07bill contract from PETRONAS under the LNG Regasification Project.
• The contract was for the engineering, procurement, construction, installation and commissioning (EPCIC) alliance for the LNG Regasification Unit, Island Berth and Subsea Pipeline of the LNG Regasification Project.
• The consortium will undertake the construction of the LNG Regasification Unit, Island Berth and Subsea Pipeline within the vicinity of the Sungai Udang Port in Melaka.
• The construction works will start in April 2011 and expected to be completed at the end of July 2012.
• It is expected to contribute positive earnings and net assets to Muhibbah Group.