Protasco gets road maintenance contract in Sarawak

PROTASCO Bhd’s 30% associate, PJP Barisan HCM JV Sdn Bhd, has been awarded a performance-based contract for the long-term management and maintenance of state roads in Sarawak. It is called Package 3 (Mukah Division) and is for 10 years from Jan 1, 2020 to Dec 31, 2029.

In a Bursa Malaysia filing, the company said the contract, which was awarded by the Public Works Department, is worth about RM24.6 mil per annum and is subject to review every three years with a maximum increase of 7.2% per revision.

 

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