KUALA LUMPUR (Oct 18): IJM Corporation Bhd’s wholly-owned subsidiary IJM Construction Sdn Bhd (IJMC) secured two contracts in Kapar and Shah Alam this week, amounting to RM982 million.

IJMC bagged a RM831 million design-and-build-turnkey construction contract for a new 312-bedded government hospital in Kapar from the Ministry of Works, IJM Corp said.

Construction works for the hospital with specialist medical facilities is scheduled to commence this month and is expected to be completed within 48 months, by November 2026.

“IJMC’s scope of works under the contract includes earthworks and ground treatment works, piling and foundation works, interior design for the main areas in the hospital, mechanical and electrical services inclusive of related medical equipment, information and technology works, external and infrastructure works, environmental and protection enhancement works, maintenance works and construction of 120 units of staff quarters,” said IJM Corp in a statement.

The project is a 60:40 joint venture between IJMC and Ganda Imbuhan Sdn Bhd.

Another contract won by IJMC is for the construction of the Inland Revenue Board’s office tower in Shah Alam, worth RM150.8 million. The project is scheduled to commence on Nov 1 this year, to be completed within 36 months by Oct 31, 2025.

IJM Corp shares closed up three sen or 1.97% to RM1.55 on Tuesday (Oct 18), translating into a market capitalisation of RM5.65 billion. It saw some 3.39 million shares exchange hands.

Source: EdgeProp, 19 October 2022