Forget Password?
  1. Indices
  2. Commodities
  3. Currencies
Straits Times 3,166.84 -16.16 -0.51%
Hang Seng 26,754.12 -36.12 -0.13%
Dow Jones 27,034.39 -76.41 -0.28%
Shanghai Composite 2,985.66 +7.54 +0.25%
Muhibbah Wins RM143 Million Port Jobs From Northport
  • Construction firm Muhibbah Engineering has secured contracts totalling RM143.1 million from Northport (M) for the upgrading of a wharf.
  • Muhibbah has secured RM138.8 million worth of works for the design and build for the upgrading of Wharf 8 and associated works at container terminal four (CT4) of Northport, and an additional provisional sum for dredging works of about RM4.3 million, inclusive of government service tax (GST).
  • The contract is for a 24-month period from the date of commencement, which will take place not later than 22 July 2015.

Significance: Upon completion of upgrading of Wharf 8, it will place Northport in a better position to handle the Triple E-Class Container vessels. This will offer Northport improved connectivities for shipping routes to service Europe, America, China and Japan.

Join The Conversation
The Shares Investment editorial team welcomes constructive feedback on our coverage and content. We would also be delighted to answer any questions on the above article. Leave us a comment below, and we'll get back to you shortly!

All Rights Reserved. Pioneers & Leaders (Publishers) Pte Ltd. Best viewed with Mozilla Firefox 3.5 and above.