KUB hopes to land VOs of RM40m from MAHB
KUB Malaysia Bhd will submit variation orders (VOs) of more than RM40 million for the third runway project at the Kuala Lumpur International Airport 2 (klia2) to Malaysia Airports Holdings Bhd (MAHB).
Business Times understands that KUB will submit the VOs to account for additional works in the project, earliest by January next year, after handing over the project to the airport operator.
To recap, KUB Malaysia's unit KUB Builders Sdn Bhd was awarded a RM268.8 million contract in October 2011 by MAHB.
The contract is to build the 3.96km third runway, parallel connecting taxiways and other associated work at the new low-cost carrier terminal.
KUB Builders has completed the construction of the runway. It is expected to hand over the project to MAHB next month.
The chief executive officer of KUB Builders Hanim Laham confirmed that the company will submit VOs for the project to MAHB next year.
"There are some VOs to be made. These are for additional works requested by MAHB after the contract was awarded to us.
"I will make the calculations, and hopefully, we will be able to submit the VOs to MAHB early next year," he said.
MAHB officials were not available for comments.
On the test landing by Malindo Air's Boeing 737-900ER on the completed third runway at klia2 on Monday, Halim said the landing represented a milestone for the company.
The contract to build the third runway for klia2 is KUB's first foray into the airport construction business, he said.
"What makes it more meaningful is that the third runway is delivered in time for klia2's May 2014 opening," he said.
» RELATED STORIES