KUALA LUMPUR (Jan 9): Rohas Tecnic Bhd said a consortium led by the construction engineering group has secured a contract worth RM199.84 million under the Johor Bahru–Singapore Rapid Transit System Link  (RTS Link) project.

The contract for the construction of the Bukit Chagar station's facade was awarded by Malaysia Rapid Transit System Sdn Bhd, a subsidiary of Mass Rapid Transit Corp Sdn Bhd, the group said in a bourse filing on Tuesday.
 
The Rohas-Euco Industries Bhd–Sediabena Builders Sdn Bhd consortium comprises Rohas Tecnic's wholly-owned-owned unit, Rohas-Euco Industries Bhd (REI), and Sediabena Builders Sdn Bhd (SBSB).

REI and SBSB, which are both involved in the design and fabrication of steel structures, will be entering into a joint venture agreement, with REI holding 70% equity in the company and SBSB the remaining 30%, said Rohas Tecnic.

The construction work is expected to be completed by May 31, the group said, adding that the contract is expected to contribute positively to its earnings for the financial years ending Dec 31, 2024 and 2025.

The RTS Link between Johor Bahru and Singapore is expected to cater to an estimated 10,000 commuters per hour per direction, and ease the congestion at the Malaysia-Singapore Causeway. The project is slated to be completed by the end of 2026.

Shares in Rohas Tecnic finished unchanged at 30 sen, giving the group a market capitalisation of RM141.8 million.