KUALA LUMPUR: TCS Group Holdings Bhd’s wholly-owned subsidiary, TCS Construction Sdn Bhd (TCSC), has secured a RM611.30 million contract from Sabah Public Works Department for the construction of the Pan Borneo Sabah Highway Phase 1B. In a filing with Bursa Malaysia today, the company revealed that the project entails the construction of a new highway and road upgrading works, spanning an 18.2-kilometre stretch between Telupid and Kampung Lumou Baru. This stretch will be upgraded to a dual carriageway and will include the construction of four new bridges.
According to BERNAMA News Agency, the contract is set for a duration of 42 months, commencing from December 20, 2024, and is expected to conclude by June 19, 2028. TCS managing director Datuk Tee Chai Seng expressed that the contract win has bolstered the group’s order book, offering healthy earnings visibility for the forthcoming years. He further noted the positive outlook for the construction industry as both public and private sector projects continue t
o gain momentum.