Monday, November 21, 2016

 

Monday, November 21, 2016                                  Business
Business
 
 
 
 
 
 
 
 
 
 
Business

STP serves payment claims of RM365mil

Legal recourse: The Kuala Lumpur monorail fleet expansion project includes the delivery of six trains. Ref:The Star 11 June 2016
 

PETALING JAYA: Scomi Engineering Bhd’s (SEB) wholly owned subsidiary Scomi Transit Projects Sdn Bhd (STP) has served four payment claims on Prasarana Malaysia Bhd amounting to RM365mil in relation to the Kuala Lumpur monorail fleet expansion project.

The claims were served yesterday pursuant to Section 5 of the Construction Industry Payment & Adjudication Act 2012.

The claims were served after STP received a notice from Prasarana which gave the company 14 days to renew a performance bond connected with the project, failing which the project contract would be terminated.

“STP is of the view that it has strong grounds for filing the claims and is confident of a favourable outcome.

“STP will seek all available legal remedies in order to protect its rights in the project, including taking all necessary legal actions,” it said in statement.

The project is 83% completed which consists of the civil works (stations extension, construction of a new depot, stabling yard and train wash plant), wayside systems along the entire alignment, new signalling system for four-car trains and mixed fleet operations as well as the delivery of six trains.

On March 1, STP had obtained an ex parte injunction to restrain Prasarana from wrongfully terminating the project contract.

Subsequently, STP withdrew the injunction after Prasarana had given an undertaking to the court that it would not be relying on its two defective notices to terminate the contract.

The statement added that both STP and Prasarana had since been working on resolutions to move forward with the project and substantial progress was achieved.

“Hence, Prasarana’s action to issue the said notice came as a complete surprise to STP,” it said.

 Ref: The Star Online, 11 Saturday, 2016


 

 
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