Ireka Corporation Secures RM1.07b to Upgrade Pan Borneo Highway
Contract Worth RM1.07 Billion to Enhance East Malaysia’s Connectivity
Construction and property group Ireka Corporation Bhd (ICB) has secured a significant contract to upgrade a section of the Pan Borneo Highway in Sabah, worth a total of RM1.07 billion. The contract, granted by Gammerlite Sdn Bhd to Shoraka Construction Sdn Bhd (SCSB), a wholly owned subsidiary of ICB, highlights the group’s strong position in Malaysia’s construction sector.
About the Pan Borneo Highway
The Pan Borneo Highway, often hailed as a transformative infrastructure project for East Malaysia, stretches across 2,325 kilometres and aims to provide seamless connectivity across Sabah, Sarawak, and Kalimantan, Indonesia. The completion of the highway is expected to reduce travel time and boost economic activities in the region by facilitating trade, logistics, and tourism.
Objective of the Highway Upgradation
The objective of the highway upgradation is to enhance road conditions and improve safety for the local communities. Phase 1B of the highway will facilitate smoother transportation between key townships, boosting access to essential services, local businesses, and tourism opportunities.
Expected Benefits
The upgraded road is expected to spur economic activity, create job opportunities, and enhance the region’s overall standard of living. The project is also expected to boost trade, logistics, and tourism activities in the region.
Group Managing Director’s Comment
ICB group managing director Datuk Mohd Hasnul Ismar Mohd Ismail said, “This contract not only underscores our commitment to contributing to the nation’s infrastructure but also represents an important step in our journey of growth and expansion.”
Timeline and Key Highlights
* The project is expected to be completed over 48 months, commencing on September 30, 2024.
* The contract reinforces ICB’s technical expertise and long-standing reputation for delivering large-scale infrastructure projects.
* The award of this contract is a testament to ICB’s strong position in the construction sector, contributing to the group’s future growth and sustainability goals.
Conclusion
In conclusion, the RM1.07 billion contract to upgrade a section of the Pan Borneo Highway in Sabah is a significant achievement for Ireka Corporation and a testament to the company’s technical expertise and long-standing reputation for delivering large-scale infrastructure projects.
FAQs
Q: What is the value of the contract to upgrade a section of the Pan Borneo Highway in Sabah?
A: The contract is worth RM1.07 billion.
Q: Who granted the contract to Shoraka Construction Sdn Bhd (SCSB)?
A: Gammerlite Sdn Bhd granted the contract to Shoraka Construction Sdn Bhd (SCSB), a wholly owned subsidiary of Ireka Corporation Bhd (ICB).
Q: When is the project expected to be completed?
A: The project is expected to be completed over 48 months, commencing on September 30, 2024.
Q: What is the objective of the highway upgradation?
A: The objective of the highway upgradation is to enhance road conditions and improve safety for the local communities.