Scomi Engr inks venture pact in Brazil

Scomi Engineering Bhd, a subsidiary of Scomi Group Bhd, has signed a
non-binding memorandum of understanding with Montagens e Projetos
Especiais SA (MPE) and Brasell Gestão Empresarial, LTDA, to set up a
joint-venture company in Brazil.



Scomi Engineering said proposed activities to be undertaken by the

joint-venture company include monorail manufacturing and
participating in other rail-related projects such as systems supply and
installation and other types of rolling stock supply and assembly such
as Metro and light rail vehicles.



"Through this partnership with MPE, Scomi will be in a stronger position to

capitalise on rail projects, driven by investments to expand and improve urban

transport systems in preparation for the FIFA World Cup and the
Olympic Games," Scomi Brazil Country president Hilmy Zaini Zainal said
in a statement.







With the burgeoning rail market in Brazil, the government is expected to

float at least another 20 tenders in the next 24 months for urban transport

projects, of which 35 per cent is projected to be monorail systems.

Currently, Scomi is involved in two monorail projects in Brazil, with a

combined value of RM5.36 billion. -- Bernama