CGB Awarded Residential Construction Contracts Totaling RM85.14M

Central Global Berhad had announced that its wholly-owned subsidiary Proventus Bina Sdn. Bhd. has been awarded three contracts with a total value of approximately RM85.14 million from Jonah Bina Sdn. Bhd.

The contracts are to undertake the construction of high-rise residential buildings in Penang specifically the Montage condominium in Sg. Nibong, the Quinton condominium in Balik Pulau and the Sri Bayu apartment in Bayan Lepas. 

Under the agreement, PBSB will be supporting JBSB as its sub-contractor in the construction of the residential buildings while also, amongst others, providing daily maintenance of public roads to and fro the project site as well as maintaining the completed subcontract works which includes but not limited to repair, rectification, replacement of defective parts, component, items, materials, and equipment. 

Construction works for both the Montage and Quinton condominiums will commence on 23rd February 2022 and are expected to be completed by 31st October 2022 and 18th February 2023 respectively.

Meanwhile, construction works on the Sri Bayu apartment shall commence on 23rd February 2022 and are expected to be completed by 22nd August 2022.  

“Our efforts have borne fruit as the contracts awarded to us signify a vote of confidence and trust, by our peers in the industry, in our expertise and capabilities in the construction industry. These projects are just a little preview of what we have in the pipeline as we are optimistic of capturing more opportunities in the growing construction industry especially in both the residential and infrastructure construction sub-sectors as the nation’s construction industry is projected to turn around this year,” Group Managing Director Chew Hian Tat said.

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