By Sharen Kaur
sharen@mediaprima.com.my
Published in NST on December 15, 2014
KL118 TOWER: Consortiums have until January 28 to submit bids for RM3b superstructure contract
SIX groups, including a UEM Group Bhd-led consortium, have been shortlisted by Permodalan Nasional Bhd (PNB) to submit their bids for the KL118 Tower (Warisan Merdeka) project here.
The superstructure or engineering, procurement and construction (EPC) contract the groups are vying for is valued at around RM3 billion, said sources with knowledge on the matter.
Business Times understands that KL118 is expected to generate a gross development value (GDV) of more than RM6 billion over 10 years.
“The GDV has increased because of the components, concepts and designs. More value is being added to enhance KL118 and make it one of the world’s best iconic structures. This is to attract multinational companies and other foreign players to operate here,” said a source.
Tenders for the EPC will close on January 28.
PNB president and group chief executive Tan Sri Hamad Kama Piah Che Othman had said PNB wanted to select the best group with an excellent track record and experience in mega constructions for KL118.
UEM Group has teamed up with South Korea’s Samsung for the bid.
IJM Corp Bhd is heading a consortium with Bumiputera company Norwest Holdings Sdn Bhd and Japan’s Shimizu Corp.
The other four consortiums are led by Malaysian Resources Corp Bhd (MRCB), WCT Bhd, TSR Capital Bhd and Seacera Group Bhd.
The MRCB-led consortium comprises China State Construction Engineering Corp, while WCT’s partner is Arabtec Construction LLC.
TSR is partnering with South Korea’s Daewoo group, while Seacera has formed a consortium with Bumiputera firm Spaz Sdn Bhd and China’s Sinohydro Corp and Shanghai Construction Group.
The partnership between Seacera and the Chinese firms was sealed in Beijing during Prime Minister Datuk Seri Najib Razak’s visit to China in May.
The mandatory conditions that must be met by the companies include having successfully completed contract works of at least RM5 billion a year in the last five years.
PNB will fund the KL118 development.
The 118-storey building will feature more than 400,000 square metres of residential, hotel and commercial space, and will be linked to a mass rapid transit station.
The first contract worth RM74 million went to Pintaras Jaya Bhd, which is undertaking foundation and piling works expected to be completed by the third quarter of next year.
Finnish firm KONE Corp won a contract in June to supply 105 elevators and escalators.
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