Scomi Engineering will earn an additional RM120 million in revenue from a three-year operations and maintenance contract for the Mumbai monorail project in India. Scomi is building the 19.5km monorail project together with Indian partner Larsen & Toubro, which is expected to be completed by 2010 at a cost of RM1.85 billion. The CEO said this contract will enhance the company's profile and make it an international brand.
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thesun 2009-02-11 page15 scomi to earn rm120m from monorail o&m
Scomi Engineering will earn an additional RM120 million in revenue from a three-year operations and maintenance contract for the Mumbai monorail project in India. Scomi is building the 19.5km monorail project together with Indian partner Larsen & Toubro, which is expected to be completed by 2010 at a cost of RM1.85 billion. The CEO said this contract will enhance the company's profile and make it an international brand.
Scomi Engineering will earn an additional RM120 million in revenue from a three-year operations and maintenance contract for the Mumbai monorail project in India. Scomi is building the 19.5km monorail project together with Indian partner Larsen & Toubro, which is expected to be completed by 2010 at a cost of RM1.85 billion. The CEO said this contract will enhance the company's profile and make it an international brand.
monorail O&M MUMBAI: Scomi Engineering Bhd is Scomi would provide the design set to earn an additional RM120 million and integration for the project, while in revenue when it begins the opera- Larsen & Toubro would be responsible tions and maintenance (O&M) works for infrastructure construction, ticket- on the Mumbai monorail project, which ing and power supply. This is Scomi’s the company is currently building. maiden overseas project. Working together with its consortium “Our ambition is to be a world partner Larsen & Toubro Ltd, the 19.5km leader in this particular field. It will project, is expected to be completed by 2010. It will cost RM1.85 billion. enhance the company’s Malaysian image and make us an international CIMB chief hails “We have a three-year, separate O&M contract amounting to RM40 brand,” Shah Hakim said. Rating India as one of Scomi’s pri- mini-budget million annually. There is also an option ority market, he said the company is KUALA LUMPUR: CIMB Group chief executive Datuk to renew for another two years. weighing project opportunities in other Seri Nazir Abdul Razak, who welcomes the govern- “This is additional revenue for us,” highly populated cities like Ahemda- ment’s decision on a mini-budget, said the government Scomi chief executive officer Shah bad, Bangalore, New Delhi, Pune and should consider setting some direction in terms of Hakim Shahzanim Zain told reporters. Patna. – Bernama strategy under the current economic situation. “Perhaps some incentives in certain direction and measures will be useful in this climate,” he told report- AirAsia offers 500,000 free seats ers on the sidelines of Bank Negara Malaysia’s High Level Conference 2009 here yesterday. KUALA LUMPUR: AirAsia, the larg- is best positioned to cater to the grow- Nazir said the government’s plan to introduce a est low-cost carrier in Asia, is offering ing interest in regional travel. mini-budget was a good move, being consistent with 500,000 free seats to holiday destinations AirAsia’s newest promotion gives the change in environment since the last stimulus in Southeast Asia, China and Australia. away free seats to destinations like package. “This campaign is an important Bali, Bangkok, Gold Coast, Haikou, “The mini-budget is an additional larger expenditure. impetus to boost tourist numbers and Hangzhou, Ho Chi Minh, Hongkong, Beyond that, how to allocate it in an effective way spread the economic benefits brought Jakarta, Kota Kinabalu, Langkawi, to stimulate the economy and make very important on by tourism,” its regional head of Kuala Lumpur, Kuching, Melbourne, decisions in terms of where the money should go,” commercial, Kathleen Tan, said in a Perth, Phuket, Shenzhen, Siem Reap, he said. statement yesterday. Singapore and Yogyakarta. Deputy Prime Minister Datuk Seri Najib Abdul Razak She said with the ongoing expan- The free seats are available for book- last week announced that the cabinet had agreed for a sion of its fleet, opening of new routes ings made from Feb 10 to 15 for travel mini-budget to be tabled at the next Parliament sitting. and addition of flight frequency, AirAsia from Oct 12, 2009, to Jan 31, 2010. – Bernama
Pamela Carvel v. The Thomas and Agnes Carvel Foundation, as Remainderman Under the Last Will and Testament of Thomas Carvel, Deceased, for a Restraint on the Transfer of Certain Funds, 188 F.3d 83, 2d Cir. (1999)