Kuala Lumpur: HSS Engineers Bhd’s (HEB) associate, HSS Integrated Sdn Bhd (HSSI), has secured a consultancy contract for the Davao Public Transport Modernisation Project in the Philippines. In a filing with Bursa Malaysia, HEB announced that HSSI, as part of a joint venture, has signed a contract with the Philippine Department of Transportation to provide general consultancy services.

According to BERNAMA News Agency, the joint venture will offer services covering project and contract management, risk and quality control, interface and communication management, environmental and social safeguards, economic benefit review, tender support, and anti-corruption compliance. Additionally, it will oversee civil works through design reviews, construction monitoring, quality assurance, safety, and cost management. The JV will also manage diesel and electric bus procurement, including design reviews, testing, inspection, site preparation, and commissioning.

The estimated project value attributable to HSSI is US$4.54 million (RM19.27 million), which includes a professional fee of US$4.01 million (RM17 million) and reimbursable expenses of US$534,400 (RM2.27 million). The project, set to span 42 months, is scheduled to commence in May 2025.

HEB stated that the project is expected to positively impact its revenue, earnings, and net assets from the financial year ending December 31, 2025, to December 31, 2028. The company clarified that the project would not affect the share capital or shareholding structure of HEB and will be financed through internally generated funds and/or external borrowings.

HSS Engineers confirmed that none of its directors, major shareholders, or persons connected to them has any direct or indirect interest in the project. The board of directors, having considered all relevant factors, believes the contract is in the best interest of the HEB Group.