PETALING JAYA: Daewoo Engineering & Construction Co Ltd has secured a RM665mil project from KLCC Property Holdings Bhd (KLCCP) for the latter’s mixed development project in Kuala Lumpur.
KLCCP said yesterday that its unit Arena Merdu Sdn Bhd had awarded the contract to Daewoo for the construction and completion of the superstructure main contract works of the project at Lot C, which is next to the Suria KLCC mall.
“The contract sum will be funded through internal reserve and external borrowings. The contract completion period is Oct 6, 2011 for the whole works,” it said.
According to KLCCP’s latest annual report, the Lot C development would provide an additional 1.4 million sq ft of gross floor area, made up of retail and office space.
The development was scheduled to be delivered in phases, starting from 2010.
KLCCP was also scheduled to start work to develop the adjacent Lot D1, which was envisaged to be a commercial development comprising both serviced apartments and prime office space.
By The Star
Thursday, January 8, 2009
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