Sunway Construction Secures RM1.5 Bln Contract For RTS TOD Works In Bukit Chagar

KUALA LUMPUR, March 5 (Bernama) -- Sunway Construction Group Bhd has secured a contract worth an estimated RM1.5 billion from Sunway Integrated Properties Sdn Bhd to undertake construction works related to Rapid Transit System Transport Oriented Development (RTS TOD) project in Bukit Chagar, Johor.

It said wholly-owned subsidiary Sunway Construction Sdn Bhd (SCSB) accepted the letter of award today from Sunway Integrated Properties, an indirect wholly-owned subsidiary of Sunway Bhd.

Part A of the contract involves the construction and completion of a multi-storey park and ride building for the RTS TOD project, drop-off and pick-up facility, immigration customs and quarantine complex connection, the perimeter ring road and retaining walls.

Under Part B, it involves the construction and completion of a retail mall, podium and top side property at the Bukit Chagar station. 

“The notice to proceed (NTP) will be issued to SCSB in separate phases, each corresponding to the commencement of different parts of the works,” Sunway Construction said in a filing with Bursa Malaysia today.

Following the signing of the letter of award, the first NTP has been received for Part A works, with a commencement date of March 5, 2025. The first section is expected to be completed by November 2026 and Part A works by November 2027.

“The commencement and completion dates for Part B works will be confirmed in the subsequent NTP, to be issued at a later date,” said Sunway Construction. 

Barring any unforeseen circumstances, the group expected the works to contribute positively to its earnings for the financial year ending Dec 31, 2025 onwards.

To-date, Sunway Construction’s total outstanding order book stands at RM7.6 billion. The total new projects secured by the group in 2025, including the works for the RTS TOD project, amounted to RM1.7 billion.

-- BERNAMA