KUALA LUMPUR (Sept 18): WCT Holdings Bhd has won a construction contract for infrastructure jobs at Kwasa Damansara valued at RM127.39 million.

In a filing with Bursa Malaysia today, the construction outfit said its wholly-owned subsidiary, WCT Bhd, had today accepted a letter of award from Kwasa Land Sdn Bhd for the above-mentioned jobs.

WCT is required to construct and complete the common infrastructure work at Kwasa Damansara Township Development in Sungai Buloh, it added.

Under the contract, the job scope consists of site clearance and site preparation, including earthwork, roadwork, road furniture, drainage works, sewerage reticulation and sewerage treatment plant (STP-NSC), water reticulation, park and ride facility, electrical infrastructure works, and soft and hard landscape works (NSC).  

"The works under the contract shall be completed within 104 weeks and the date of completion is Oct 8, 2017," WCT said.

WCT expects the contract, which is inclusive of the 6% goods and services tax, to contribute positively to the group's future earnings and net assets.

Shares in WCT closed six sen or 4.65% higher at RM1.35, after some 645,500 shares changed hands, giving it a market capitalisation of RM1.6 billion.

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