By Sharen Kaur
sharen@nstp.com.my
Published in NST on December 22 2011
Kuala Lumpur: A consortium led by Posco/Daewoo Engineering of Korea has emerged as the odds-on favourite to win a contract worth about RM1.1 billion to help undertake system works for the Ampang light rail transit (LRT) line extension project.
Tender for the contract closed on June 16. Initially, eight companies had submitted bids, ranging between RM950 million and RM1.45 billion.
The other four contenders who did not make it to the final round were SNC Lavalin/WW Engineering,Siemens/Scomi, Ansaldo/Emrail and Invensys Rail/Ingress/Balfour Beatty.
Prasarana officials said after careful evaluation, the board recommended to the Ministry of Finance Inc (MOF) to award the contract to Posco/Daewoo.
“Posco/Daewoo was selected based on the Thales CBTC signalling system and they had offered the lowest price. The Letter of Award is expected to be issued to the consortium next month,” an official told Business Times.
The Posco/Daewoo consortium also comprises Japan’s Sojitz Group and Global Rail Sdn Bhd, a local railway engineering and construction firm.
Meanwhile, the official said that George Kent was not selected as the company lacks experience as a railway engineering and construction contractor.
Samsung had quoted a higher price than Posco/Daewoo, while Colas/CMC was already awarded a contract worth RM673.92 million for system works for the Kelana Jaya LRT extension.
sharen@nstp.com.my
Published in NST on December 22 2011
Kuala Lumpur: A consortium led by Posco/Daewoo Engineering of Korea has emerged as the odds-on favourite to win a contract worth about RM1.1 billion to help undertake system works for the Ampang light rail transit (LRT) line extension project.
Business Times understands that Syarikat Prasarana Negara Bhd favours Posco/Daewoo as it offered to use the Communication-Based Train Control (CBTC) Signalling System supplied by France-based Thales Group.
For the Kelana Jaya LRT line extension and monorail system, Prasarana had awarded the system works contract to Thales on a direct negotiated basis because of the CBTC system.
Thales’ CBTC technology has been in use since 1985 and the system has been proven on 53 projects around the world.
It is learnt that Thales was favoured again for such a job for the Ampang LRT line extension, but to demonstrate transparency, the French group decided to offer its technology to the four shortlisted groups namely Colas/CMC Engineering, George Kent/China Railway Samsung/LG and Posco/Daewoo.
For the Kelana Jaya LRT line extension and monorail system, Prasarana had awarded the system works contract to Thales on a direct negotiated basis because of the CBTC system.
Thales’ CBTC technology has been in use since 1985 and the system has been proven on 53 projects around the world.
It is learnt that Thales was favoured again for such a job for the Ampang LRT line extension, but to demonstrate transparency, the French group decided to offer its technology to the four shortlisted groups namely Colas/CMC Engineering, George Kent/China Railway Samsung/LG and Posco/Daewoo.
Tender for the contract closed on June 16. Initially, eight companies had submitted bids, ranging between RM950 million and RM1.45 billion.
The other four contenders who did not make it to the final round were SNC Lavalin/WW Engineering,Siemens/Scomi, Ansaldo/Emrail and Invensys Rail/Ingress/Balfour Beatty.
Prasarana officials said after careful evaluation, the board recommended to the Ministry of Finance Inc (MOF) to award the contract to Posco/Daewoo.
“Posco/Daewoo was selected based on the Thales CBTC signalling system and they had offered the lowest price. The Letter of Award is expected to be issued to the consortium next month,” an official told Business Times.
The Posco/Daewoo consortium also comprises Japan’s Sojitz Group and Global Rail Sdn Bhd, a local railway engineering and construction firm.
Meanwhile, the official said that George Kent was not selected as the company lacks experience as a railway engineering and construction contractor.
Samsung had quoted a higher price than Posco/Daewoo, while Colas/CMC was already awarded a contract worth RM673.92 million for system works for the Kelana Jaya LRT extension.
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