Gamuda tie-up with PKNPk secures Perak water treatment project
KUALA LUMPUR: Gamuda Bhd in partnership with Perbadanan Kemajuan Negeri Perak (PKNPk) has accepted an appointment by the Perak state government to develop and operate water treatment and distribution infrastructure in Kerian.
In a statement, the construction and engineering group said the project forms part of a strategic initiative by the Perak state and Federal governments to address long-standing water shortages for irrigation, domestic and industrial use in the region.
The initiative - dubbed the Northern Perak Water Supply Scheme (NPWSS) - has a total development value of RM5bil.
"The NPWSS scheme is designed to transfer 1,500 million litres per day of raw water from Sungai Perak to the Bukit Merah Dam.
"Of this total, 500MLD of raw water will be for the immediate irrigation needs of Northern Perak with the balance made available for treatment to meet the domestic and industrial demands of the State," it said.
According to Gamuda, its joint venture with PKNPk, the state's development agency, will undertake the development and operation of water treatment and distribution infrastructure in the Kerian district in Northern Perak.
It will also supply treated water to the Kerian Integrated Green Industrial Park (KIGIP) and sell the excess treated water to Penang.
The undertakings will be on a privatisation basis with a minimum 40-year operation period, it added.
The development is subject to approvals from the relevant regulatory authorities.
Gamuda Engineering executive director Faris Mohd Yusof said the approval marks a progressive step towards the realisation of Northern Perak's long-term water security strategy by 2030.
"We are pleased to have been entrusted with the opportunity to jointly develop a key component of the NPWSS scheme for our home state of Perak.
"We are committed to ensure the critical delivery of water for the State with a focus on local workforce and community development," he added.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
10 hours ago
- The Sun
Johor Regent pledges to resolve Pontian water disruptions
JOHOR BAHRU: Regent of Johor Tunku Mahkota Ismail has pledged to address the recent water supply disruptions plaguing Pontian district residents. His commitment follows public outcry over a four-day outage, initially attributed to scheduled pipe closures but later exacerbated by a burst pipeline. In an Instagram story, His Royal Highness responded to a complaint shared by BrotherhoodJOHOR, stating, 'I will monitor and try to resolve this immediately. This is why it's important to protect Johor's water, our state asset, and not have it under a company appointed by the 'Federal' (Government).' He added, 'Pray that the state's financial position improves so we can buy back shares in Johor's water company and place them under state management. Insya-Allah.' Meanwhile, Ranhill SAJ confirmed that supply is being restored in stages after a technical failure in a 750mm pipeline. 'Repair works are fully completed, and the distribution system is stabilizing,' the company said. Water tankers were deployed to critical areas, with static tanks placed for public access. Ranhill SAJ apologized for the inconvenience and thanked residents for their patience. - Bernama
The Star
11 hours ago
- The Star
FBM KLCI leaps 1.33%, bucking regional losses after US tariff cut
KUALA LUMPUR: Bursa Malaysia closed higher on Friday, bucking regional trends, as investor sentiment improved following the US decision to cut tariffs on Malaysian exports to 19% and the unveiling of the 13th Malaysia Plan. The FBM KLCI surged 20.10 points, or 1.33%, to close at 1,533.35, after trading between a high of 1,534.48 and a low of 1,519.17. Today's gain marks the strongest performance since its 2.32% jump on May 13. However, the index was little changed over the week. On Bursa Malaysia, there were 570 gainers, 452 losers, and 521 counters traded unchanged. A total of 3.16 billion shares, valued at RM2.22bil, changed hands. Gamuda contributed the most to the index's gain and recorded the largest move, rising 4.25%, or 22 sen, to RM5.40. Other gainers included Tenaga Nasional, which rose 28 sen to RM13.30, and CIMB, which added 24 sen to RM6.79. PETRONAS Chemicals was the biggest drag on the index, falling 2.06%, or eight sen, to RM3.80. On the broader market, Ajinomoto rose 22 sen to RM13.08, Malaysian Pacific Industries added 20 sen to RM20.34, while Heineken slipped 34 sen to RM23.50 and Mesiniaga lost 16 sen to RM1.30. Newly listed UMS Integration jumped 50 sen to RM5.50 with 6.12 million shares traded. According to data from Bursa Malaysia, foreign investors offloaded RM85mil worth of local equities on Thursday. Meanwhile, local institutions and retailers were net buyers, picking up RM50mil and RM36mil worth of shares, respectively. On the forex market, the ringgit slipped 0.23% against the US dollar to 4.2790. It also weakened 0.14% against the Singapore dollar to 3.2964, fell 0.07% against the pound sterling to 5.6464, and declined 0.09% versus the euro to 4.8856. Key regional markets ended the day lower, including: Japan's Nikkei 225 closed down 0.66% to 40,799.60; Hong Kong's Hang Seng Index fell 1.07% to 24,507.81; China's CSI300 Index declined 0.51% to 4,054.93; Taiwan's Taiex gave up 0.46% to 23,434.38; South Korea's Kospi finished down 3.88% to 3,119.41 and; Singapore's Straits Times Index fell 0.48% to 4,153.83 points.
New Straits Times
12 hours ago
- New Straits Times
Construction stocks surge on RM430bil 13MP spending plan
KUALA LUMPUR: The Bursa Malaysia Construction Index jumped more than three per cent following the government's announcement of a RM430 billion development expenditure under the 13th Malaysia Plan (13MP). At the time of writing, the index rose 3.19 per cent, or 9.95 points, to 321.47 from its previous close of 311.52. The rally placed construction at the forefront of market gains, outperforming all other sectors. Financial services followed with a 1.89 per cent increase, while property added 1.15 per cent. Other sectoral gains included technology (1.10 per cent), real estate investment trusts (0.29 per cent), energy (0.28 per cent), utilities (0.26 per cent), industrial products and services (0.18 per cent), and transportation and logistics (0.11 per cent). In contrast, the plantation index edged down 0.01 per cent, consumer products and services declined 0.03 per cent, healthcare slipped 0.10 per cent, and telecommunications and media fell 0.24 per cent. The broader market also registered modest gains, with the FTSE Bursa Malaysia KLCI rising 1.35 points to 1,533.75, up 0.09 per cent, as investors weighed the long-term economic prospects outlined in the 13MP. Among the most actively traded construction stocks was Ekovest Bhd, which saw 37.2 million shares change hands. The stock climbed 6.02 per cent, or 2.5 sen, to trade at 44 sen. Other notable counters included WCT Holdings Bhd with 13.3 million shares traded, Gamuda Bhd (12.6 million), Econpile Holdings Bhd (10.2 million), Jaks Resources Bhd (9.4 million), and Bina Puri Holdings Bhd (9.1 million). Yesterday, Prime Minister Datuk Seri Anwar Ibrahim tabled the 13MP in Parliament, outlining a RM430 billion allocation for development spending between 2026 and 2030, up from RM415 billion under the previous plan. Key infrastructure initiatives under the 13MP include the continuation of the East Coast Rail Link to strengthen east-west connectivity, and the Gemas–Johor Bahru double-tracking project to improve rail transport in the south. In Johor Baru, the government will roll out an Electrified Economic Rail Transit system to enhance regional mobility. Penang's public transport network will also be expanded through the Light Rail Transit Mutiara Line, while the cross-border Rapid Transit System Link is expected to improve connectivity with Singapore. In East Malaysia, the Pan Borneo Highway and a feasibility study for the proposed Trans-Borneo Railway are expected to enhance inter-state transport infrastructure in Sabah and Sarawak. The plan also includes upgrades to Penang and Miri airports to support the growth of tourism and logistics.
