Friday November 16, 2007

Scomi Rail to send final plan for Hanoi project


PETALING JAYA: Scomi Rail Bhd, a unit of Scomi Engineering Bhd, has been given exclusive rights by the People’s Community of Hanoi City to submit a final proposal with costs for the development of a more than RM1bil monorail project, sources said.

The plan involves Scomi proposing the design, engineering and construction plans for track alignment and the trains, besides the final costing for the entire project.

Scomi has about 60 days to make its final submission. The company is believed to be working furiously to submit the final proposal for the development of the 23km monorail. The sources said Scomi would work with a Vietnamese consortium on the operation side.

The company's initial presentation was made to the authorities in Hanoi mid this year. It is unclear if Scomi would be able to secure the contract but it remains hopeful, as it wants to become a sizeable player in the mushrooming monorail business.

It has so far submitted bids to supply over 300 trains to several countries, including India (where it is looking to build about 50km of tracks), Syria, Mauritius, Indonesia, Bangladesh, Saudi Arabia, Pakistan and Thailand. It is also in talks to supply 30 sets of trains for the 36.7km Medina lines.

It is learnt that the company had on Tuesday submitted its bid together with partner, Malaysian Resources Corp Bhd, for the Penang monorail project.

Come Nov 26, the company is also set to launch its second-generation monorail in Kuala Lumpur. The monorail is able to accommodate more passengers in each car, thereby increasing the capacity so as to be closer to that of light rail transit (LRT) systems.

Scomi Engineering has its own technology in the monorail business and it also supplies electrical and mechanical systems for any type of monorail.

Earlier this month, it was reported that Scomi had secured a RM121.8mil contract to upgrade the wayside electrical and mechanical systems for Putra LRT’s fleet expansion project for the Kelana Jaya line.

SCOMI :  [Stock Watch]  [News
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