By Sharen Kaur
KUALA LUMPUR: Scomi Engineering Bhd will bid for new monorail jobs in Asia and South America where tenders for projects worth around RM15 billion are expected to be called over the next 18 months.
It is already bidding for monorail projects in Thailand, Turkey, India and Indonesia with a tender book worth RM2 billion.
Scomi group chief executive officer Kanesan Veluppillai is upbeat on its prospects.
"There are a few tenders that will be out this year and we will go in with our partners. They include a new monorail project in Rio ( Brazil), one each in West Bengal and Chennai (India), and one in Bangkok.
Turkey will also call for one or two tenders.
"The fact that Scomi has delivered two systems, one for the Mumbai monorail system in India and another for the KL Monorail fleet expansion, augurs well for the company to take on new jobs," he told Business Times.
Scomi, a unit of Scomi Group Bhd, has five monorail projects in hand worth RM1.6 billion that will be carried out until 2019.
It is understood that the potential market size for Asia and South America's monorail tenders over the next 10 years is USD$45 billion (RM161 billion).
There are a few projects proposed in Brazil, Taiwan, Turkey (has eight lines), Thailand (shortlisted four lines in Bangkok), and Indonesia (lines planned in Surabaya, Palembang and Jakarta). Sri Lanka has also earmarked and approved the alignment for a massive monorail project in Colombo.
All these projects are worth about USD20 billion.
In India, the value of new monorail projects is around USD25 billion.
Scomi is one of three global major monorail contenders.
These companies have monorail technology that poses a high barrier of entry for new companies to compete in the industry.
This means that there is a good chance for Scomi to land one-third of the USD45 billion worth of new monorail jobs.
In 2008 and 2012, Scomi won three of the seven monorail projects tendered worldwide.
With its Indian partner Larsen and Toubro Ltd, it won the RM1.85 billion Mumbai monorail project in 2008, and two jobs in Brazil worth a combined RM5.6 billion in 2012.
KUALA LUMPUR: Scomi Engineering Bhd will bid for new monorail jobs in Asia and South America where tenders for projects worth around RM15 billion are expected to be called over the next 18 months.
It is already bidding for monorail projects in Thailand, Turkey, India and Indonesia with a tender book worth RM2 billion.
Scomi group chief executive officer Kanesan Veluppillai is upbeat on its prospects.
"There are a few tenders that will be out this year and we will go in with our partners. They include a new monorail project in Rio ( Brazil), one each in West Bengal and Chennai (India), and one in Bangkok.
Turkey will also call for one or two tenders.
"The fact that Scomi has delivered two systems, one for the Mumbai monorail system in India and another for the KL Monorail fleet expansion, augurs well for the company to take on new jobs," he told Business Times.
Scomi, a unit of Scomi Group Bhd, has five monorail projects in hand worth RM1.6 billion that will be carried out until 2019.
It is understood that the potential market size for Asia and South America's monorail tenders over the next 10 years is USD$45 billion (RM161 billion).
There are a few projects proposed in Brazil, Taiwan, Turkey (has eight lines), Thailand (shortlisted four lines in Bangkok), and Indonesia (lines planned in Surabaya, Palembang and Jakarta). Sri Lanka has also earmarked and approved the alignment for a massive monorail project in Colombo.
All these projects are worth about USD20 billion.
In India, the value of new monorail projects is around USD25 billion.
Scomi is one of three global major monorail contenders.
These companies have monorail technology that poses a high barrier of entry for new companies to compete in the industry.
This means that there is a good chance for Scomi to land one-third of the USD45 billion worth of new monorail jobs.
In 2008 and 2012, Scomi won three of the seven monorail projects tendered worldwide.
With its Indian partner Larsen and Toubro Ltd, it won the RM1.85 billion Mumbai monorail project in 2008, and two jobs in Brazil worth a combined RM5.6 billion in 2012.
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