RM8 Billions Water Project, Who Will Benefit?

From June to September 2009, there will be a numbers of water transfer project which cost RM8 billion.

Three major jobs which form part of the inter-state water project, estimated at RM2.5 billion, will be tendered out from this month.

The construction of the Klau Dam, dual pipelines from the dam to the intake point and a pump station in Semantan to transfer the water along a 45km tunnel which cuts through the Titiwangsa mountain range, will be awarded in the next three months.

There are three more contracts to be tendered out soon… the tender bidding will be from June to September.

What company will benefit from the project?

IJM will build the consortium with Shimizu, Nishimatsu and UEM builders to handle the Pahang – Selangor Interstate Raw Water Transfer. It is including tunnelling work.

Loh & Loh Corp Bhd may be awarded sub-contractor jobs for Klau Dam project in Semantan.

JAKS will bag some of the piping jobs. News reports say JAKS has already been shortlisted with three other players for the piping works.

Gamuda Bhd (and Loh & Loh) should be beneficiaries for the water treatment plant in Selangor where Gamuda will be the main civil contractor for the 1,950-million-litre a day Sungai Selangor Phase 3 water treatment plant (WTP) project — the largest WTP in Malaysia — with Loh & Loh having being involved in civil works for all three previous water supply schemes in Selangor

Watch out the price movement of above mentioned counters i.e IJM, Gamuda, Loh & Loh and JAKS.

- Sabri Jalil