Sunday, June 27, 2010

Naim receives letter of intent for RM1.9bil jobs

KUCHING: Naim Holdings Bhd has obtained a letter of intent (LOI) for three major infrastructure projects worth about RM1.9bil in Sarawak.

These are the Bengoh dam resettlement scheme, Balingian to Sibu-Bintulu trunk road and Kuching flood mitigation project.

Naim’s corporate services and human resources senior director Ricky Kho said due to project urgency, site preparation works was already underway for the proposed resettlement scheme to relocate about 1,300 villagers from four Bidayuh settlements in Padawan near here.

The project will involve the construction of houses, basic amenities and related facilities for the villagers, which are affected by the construction of the RM300mil Bengoh dam.

Naim’s wholly-owned subsidiary NCSB Engineering Sdn Bhd will undertake the project’s infrastructure works estimated at about RM168mil. The project covers 132ha while the state authorities will allocate another 286ha of agricultural land to the affected families.

Naim is now constructing the proposed Sematang-Skio Road to link up to the proposed resettlement area.

The company is also building the dam, which will supply raw water to meet Kuching’s requirement up to year 2030. “The dam is more than 80% completed and will be ready on schedule by December this year,’’ Kho told StarBiz yesterday.

The dam, with a height of 63m and length of 267m, will have a capacity of 144mil cu m. It is the second in Malaysia to be constructed using roller compacted concrete technology, which offers a projected service life of 100 years.

Kho said the proposed Balingian to Sibu-Bintulu trunk road would be a 27km single carriageway. It is the missing link between Balingian town and the Sibu-Bintulu trunk road within the Sarawak Corridor for Renewable Energy.

On the proposed Kuching flood mitigation project in Matang, he said Naim was awaiting the Federal Government’s greenlight to go ahead with the second phase work following the recent completion of phase one.

The entire project is now expected to cost RM1.6bil, an increase of RM300mil, due to a revised design which takes a holistic approach to floodwater management.

Kho said Naim would invest RM20mil in machinery and equipment in anticipation of the group getting more infrastructure projects.

He said the group’s total order book now stood at about RM3.55bil, which would secure its construction division profits for the next three to four years.



By JACK WONG
jackwong@thestar.com.my

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