KUALA LUMPUR (April 3): TSR Capital Bhd (KL:TSRCAP) has secured a flood mitigation project at phase one of the East Coast Expressway worth RM34 million.

In a Bursa Malaysia filing on Friday, the company said its wholly-owned unit TSR Bina Sdn Bhd received the contract from AFA Construction and Engineering Sdn Bhd, a unit of AFA Prime Bhd (formerly Anih Bhd).

Aside from the East Coast Expressway, AFA Prime is also a concessionaire for several highways, including the Kuala Lumpur-Karak Highway and the KL-Seremban Expressway.

TSR Capital said the scope of work includes upgrading and constructing drainage systems, earthworks, culverts, and associated civil engineering works aimed at mitigating flood risks along the designated stretch of the expressway.

The project is scheduled to begin in April 2026 and expected to be completed in the fourth quarter of 2027.

Notably, this is the second contract TSR Capital has secured from AFA Construction and Engineering this year. In February, TSR Capital, together with its joint venture partner, won a RM99 million contract to widen a stretch of the Kuala Lumpur-Karak Highway.

TSR Capital executive director Lim Dian Ping said the project reflects the group’s track record and technical expertise in delivering infrastructure and civil engineering works.

“Flood mitigation remains a critical component of Malaysia’s infrastructure development, and we are proud to contribute to initiatives that enhance environmental sustainability and public safety,” he said.

Lim added that the job win reinforces the company’s position in the infrastructure segment and provides momentum for it to pursue similar opportunities.

Shares in TSR Capital closed six sen or 27% higher on Friday, valuing the group at RM48.8 million.