TSR Capital secures 2 MRT contracts (5042)

KUALA LUMPUR: TSR Capital Bhd through its wholly-owned
subsidiary,
TSR Bina Sdn Bhd, has received two contracts from Mass Rapid Transit
Corporation Sdn Bhd, the concessionaire for the massive Mass Rapid
Transit (MRT) project.

It said the contracts are for work
packages for the Klang Valley MRT line alignment between Sungai Buloh
and Kajang costing RM330 million.

The first contract is for the
construction and completion of the Kajang Maintenance Depot, external
and other associated works costing RM213 million.

The second is
for the construction and completion of a multi-storey car park,
external and related works at the Sungai Buloh MRT Station costing
RM117 million.





The projects are expected to contribute
positively to the company's earnings and net assets for the financial
year ending Dec 31, 2012 onwards, the company said in a filing to Bursa
Malaysia Securities today. -- BERNAMA