Mudajaya eyes major infrastructure projects

By KEVIN WONG / Graphic By TMR

Mudajaya Group Bhd is eyeing major infrastructure projects as it expects the government’s decision will see a greater dependence on local contractors to undertake such projects.

Mudajaya independent non-ED Datuk Amin Rafie Othman said the group is interested to take part in any of the country’s major infrastructure projects, if given the chance.

“Looking at our track record, we are confident we are able to participate on a more level playing field,” Amin Rafie told reporters after the group’s AGM in Mutiara Damansara yesterday.

Mudajaya group MD James Wong Tet Foh said the group’s plan for its power business is to target privately funded renewable solar farms.

“Most of the power projects to which the power purchase agreement have been signed, have started to kick off, pending funding as well as experienced contractors with a good track record. I believe these projects will keep us busy for this year,” he said.

Wong said the group’s orderbook worth about RM2 billion will last for the next two to three years.

Its tenderbook is worth about RM3 billion by virtue of the government’s cancellation of the Mass Rapid Transit Line 3 and the East Coast Rail Link projects.

“We are currently tendering for new projects that would replenish our tenderbook, such as solar farms which are worth about RM3 million, as well as hospitals. We hope to rekindle the Penang highway project with the help of the Penang state government,” he said.