Malaysian firm JV wins contract to build airport in Cambodia

KUALA LUMPUR: The construction joint venture company formed by Vinci Group and Muhibbah Engineering (M) Bhd have secured a US$23mil (RM88mil) contract from Societe Concessionnaire De L’Aeroport.

The joint venture consortium with a 70:30 equity interest will design and construct a new domestic terminal at the Phnom Penh Airport in Cambodia.

In a filing with Bursa Malaysia, Muhibbah Engineering said the construction of the new domestic terminal would cater to the future growth of domestic traffic.

It added that construction had commenced and was expected to be completed by the fourth quarter of 2017.

“The contract is expected to contribute positively to the earnings and net assets of Muhibbah Group for the current and future financial years,” it said. – Bernama

source http://www.thestar.com.my/business/business-news/2016/04/14/jv-firm-bags-rm88mil-airport-contract/