HSS Engineers Unit Wins Davao Transport Consultancy Deal

KUALA LUMPUR, June 25 (Bernama) -- HSS Engineers Bhd’s (HEB) associate, HSS Integrated Sdn Bhd (HSSI), has secured a consultancy contract for the Davao Public Transport Modernisation Project in the Philippines.

In a filing with Bursa Malaysia, HEB said HSSI, as part of a joint venture (JV), had signed a contract with the Philippine Department of Transportation to provide general consultancy services.

“The JV will provide services covering project and contract management, risk and quality control, interface and communication management, environmental and social safeguards, economic benefit review, tender support, and anti-corruption compliance.

“It will also oversee civil works through design reviews, construction monitoring, quality assurance, safety, and cost management, as well as manage diesel and electric bus procurement, including design reviews, testing, inspection, site preparation, and commissioning,” it said.

The estimated project value attributable to HSSI is US$4.54 million (RM19.27 million), comprising a professional fee of US$4.01 million (RM17 million) and reimbursable expenses of US$534,400 (RM2.27 million).

The 42-month project is scheduled to begin in May 2025.

HEB said the project is expected to contribute positively to its revenue, earnings and net assets from the financial year ending Dec 31, 2025, to Dec 31, 2028.

“The project will not affect the share capital or shareholding structure of HEB and will be funded through internally generated funds and/or external borrowings,” the company said.

HSS Engineers said none of its directors, major shareholders, or persons connected to them has any direct or indirect interest in the project.

“The board of directors, having considered all relevant factors, believes the contract is in the best interest of the HEB Group,” it added.

-- BERNAMA