JAKS bags govt projects worth RM399.3m

KUALA LUMPUR: JAKS Sdn Bhd, a unit of JAKS Resources Bhd, has been awarded a RM399.3 million sewerage pipe project by the Energy, Green Technology and Water Ministry.

The project is to design, build and complete Package D43 -- the construction of sewerage pipe network at Batu, Jinjang, Kepong and Kuala Lumpur, the company said in a statement.

The four-year contract will be completed by April 2018.

"The contract is expected to contribute positively to the revenue and earnings of JAKS Group for the financial year ending December 31, 2014 and the following financial years within the duration of the contract," JAKS added.-- Bernama