Binastra subsidiary secures construction contract in Taman Desa [Yahoo! Finance]
TENAGA NASIONAL BERHD ADR (TNABY)
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Source: Yahoo! Finance
Valued at RM283.33m ($65.43m), the contract entails the construction of three blocks of apartments. The project, located on Lot 481970 (first phase), will feature 31-floor apartment buildings comprising a total of 624 units in Taman Desa. The scope of work includes the construction of four podium levels and five basement levels dedicated to parking facilities. The development will also encompass a Tenaga Nasional Berhad unit, with each block housing 208 units, and an additional developer's apartment unit situated on the rooftop level of Block C. Binastra Builders' directors, in a statement, said: “The acceptance of the contract is in the best interest of the company.” This contract follows a previous agreement where Binastra Builders was awarded the piling works for the same residential development by Kaisar Maxim. The commencement of the latest contract is set for later this month, with an expected completion timeline of 32 months. This contract is expected to boost th
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