Malaysian Firm Wins $86m Baghdad Water Project
By John Lee.
A Malaysian company has been awarded a contract worth $86 million to design and build the Al-Zuhour Water Project in Baghdad.
According to a report from Bernama, the Ho Hup Construction Company Bhd won the 10,000 cubic metres per hour capacity turnkey project, awarded by the Ministry of Municipalities and Public Works, which also includes the supply and installation of equipment and pipe-work as well as operation and maintenance.
The company told said in a filing to Bursa Malaysia:
“Construction of the project is planned to commence in September 2012 and is expected to be completed in 30 months, up to February 2015, with a further 12 months of maintenance period of the mechanical, electrical and transmission piping …
“The company is of the opinion that the project and country risks associated with this project will be adequately mitigated by the appointment of established and reliable local Iraqi sub-contractors.”
Ho Hup will undertake the role as the main contractor and will appoint and work with locally established Iraqi sub-contractors for the project execution and project financing.