The Star Online<\/small>
\n18th August, 2016<\/small><\/p>\n
PETALING JAYA: Benalec Holdings Bhd and Salcon Bhd have called off talks on the proposed water supply and sewerage treatment infrastructure in the 1,411-ha Tanjung Piai Integrated Petroleum and Maritime Industrial Park (TPIPMIP) in Johor.<\/p>\n
The memorandum of understanding (MoU), signed by their units in August last year, was aimed at forming the framework geared towards exploratory efforts for establishing the water infrastructure.<\/p>\n
However, the MoU has lapsed, the marine engineering firm told Bursa Malaysia on Thursday, adding that \u201cthe parties have no intention of extending the validity of the MoU\u201d.<\/p>\n
Benalec said it had recently appointed a water infrastructure consultant and was in the midst of finalising the water infrastructure design for TPIPMIP.<\/p>\n
\u201cOnce the design is finalised and approvals have been obtained from the relevant authorities, Benalec will then engage engineering companies to commence construction works,\u201d it added.<\/p>\n
According to Benalec, there is no financial impact and obligation on the company regarding the terminated talks.<\/p>\n
Benalec\u2019s indirect unit Tanjung Piai Maritime Industries Sdn Bhd had entered into the MoU with Salcon Engineering, a leading water and wastewater engineering company in Asia, in August last year. The contract was initially expected to be concluded within six months.<\/p>\n
Incidentally, just two months ago, Benalec had announced that the Department of Environment had approved reclamation works for the remaining two phases (Phase 2 and Phase 3) of the 1,411-ha TPIPMIP project in Johor.<\/p>\n
Benalec shares fell one sen to close at 43 sen on Thursday, while Salcon shares slid one sen also to 63 sen.<\/p>\n
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