Citaglobal Berhad via its wholly owned subsidiary Citaglobal Land Sdn Bhd has entered into an Engineering, Procurement, and Construction Agreement with Inland Port Perlis Sdn Bhd for the design, construction, and equipping of Phase 1 of the Perlis Inland Port (PIP) with a contract sum of RM373.5 million.
The contract was secured by Citaglobal via a tender exercise undertaken by IPPSB. With the addition of the EPC contract, Citaglobal’s existing order book doubles to approximately RM755 million.
“This is another significant milestone for Citaglobal and a testament to the Company’s ability to secure high-value projects. Citaglobal is now on solid footing fundamentally, after a period of consolidation and streamlining of its businesses and operations” said Tan Sri Dato’ Sri (Dr.) Mohamad Norza Zakaria, Executive Chairman & President of Citaglobal Berhad.
IPPSB is the master developer for the Perlis Inland Port development on 500.28-acre land. PIP is part of the key development plan by the state of Perlis to improve the Perlis transportation infrastructure in that area for an inland port terminal to handle loading, unloading, and re-transporting cargo containers between Malaysia and Thailand.
It is part of the overall development currently being developed by the Perlis state and the Northern Corridor Implementation Authority.
