ADVANCECON Holdings Bhds has been appointed a subcontractor for the proposed construction and completion of subgrade earthworks within KPC depot station and OCC area of the East Coast Rail Link (ECRL) project for RM11.54 million.
In a bourse filing, Advancecon said its 51% owned indirect subsidiary (AISB) has accepted the Letter of Acceptance from China Communications Construction (ECRL) Sdn Bhd for the appointment.
The contract period shall be from April 29, 2023 and is expected to complete in September 2023.
Barring any unforeseen circumstances, Advancecon said the subcontract is expected to contribute positively towards the future earnings of the group.