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Tuesday, February 12, 2008

Ranhill clinches RM1.2b hospital contract

RANHILL Bhd, Malaysia's largest engineering group, has been awarded a RM1.2 billion contract to build a 600-bed women and children hospital in Kuala Lumpur, sources say.

The contract is to build two 13-storey tower blocks with a six-floor podium, with a total floor area of 190,000 sq metres, a source said.

"It also includes extending another 100 beds in the future, when demand meets supply," he added.

Business Times understands the federal government contract was given recently and Ranhill has commenced works at the site. The hospital is an extension of the existing Pediatric Institute at the Kuala Lumpur Hospital.

It will be the leading referral centre in the country upon completion by 2011.

The source said Ranhill, via its wholly-owned unit Ranhill Engineering and Constructors Sdn Bhd, aims to finish building the two towers ahead of schedule.

In doing that, the contract has been divided into two packages to speed up the works.

"The first package, worth around RM17 million, is for site- clearing and logistics. The second portion involves the main structural work, which is expected to start by June," the sourcen said.

"Ranhill is finalising the project structure and cost. The details will be ready in two weeks," the source added.

The source also said that the contract award is expected to mitigate Ranhill's plan in achieving RM2 billion in revenue by 2010.

For the 12-month period to June 2007, Ranhill posted a profit of RM117 million and revenue of RM1.47 billion.

Ranhill, which has over RM1 billion worth of contracts for the Desaru Highway, sports complexes across the country and water jobs through unit SAJ Holdings Sdn Bhd, is eyeing more jobs here.

Overseas, it plans to secure new infrastructure and sewerage treatment works in Libya and water, waste water and power plant projects in India.

By New Straits Times (by Sharen Kaur)

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