Naim, Sinohydro Corp sign contract for Bintulu Paragon

BINTULU: Naim Land Sdn Bhd, a wholly-owned subsidiary of Naim Holdings Bhd, one of Malaysia’s leading developers and contractors, signed a contract with Sinohydro Corporation (M) Sdn Bhd, for the Chinese company to do sub-structure works for Bintulu Paragon’s Phase 1A here yesterday.

Sinohydro Corporation is a Chinese state-owned hydropower, engineering and construction company.

Bintulu Paragon, the largest integrated development to impact Bintulu, will integrate residential, business, retail and hospitality components.

Upon completion, it will provide 1.4 million square feet of retail space, Small Office Versatile Office (SOVO) and office suites, condominium towers, corporate office towers and two hotels.

In a press statement, Naim’s deputy managing director Christina Wong explained that the sub-structure works were those in relation to Bintulu Paragon’s Street Mall, Small Office Versatile Office (SOVO) and hotel development components, which were within the Phase 1A section of the development.

“Since the launch of Street Mall and SOVO units, we have received encouraging response from the Bintulu community, recording average take-up of more than 50 per cent. Initial piling works for these components are progressing on track,” she said.

Wong further elaborated that under the contract with Sinohydro, the scope of works involved construction of the lower ground RC podium structure comprising pilecaps, upper ground slab, pipe sleeves, openings, pits and earthing works.

“All works are expected to take around seven months to complete,” she said.

She also added that Naim’s collaboration with Sinohydro demonstrated Naim’s commitment in maintaining its standing as a developer and contractor of quality.

“We have previously collaborated with Sinohydro for three projects, namely the Bengoh Dam in Padawan, the 275KV Overhead Transmission Line from Bakun Hydroelectric Dam to Samalaju Industrial Zone in Bintulu and the construction of Sibu-Julau road.

“We are a developer and contractor which deliver – on time, on specs and with good quality, as we have always done for our past projects. This has been our commitment and will continue to be our commitment in the future,’ she said.

Sinohydro Corporation is the world’s largest hydropower construction company with a 50 per cent share of the international hydropower market, with active business activities in South East Asia, South Asia, Africa, Latin America and Eastern Europe.

Source: Borneo Post Online (26 January 2014)