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Thursday, 3 May 2018

(The Star) YTL JV gets PDP letter from MyHSR

PETALING JAYA: YTL Corp Bhd’s joint venture (JV) for the Kuala Lumpur-Singapore high-speed rail (HSR) project has received the letter of appointment as the project delivery partner (PDP) from MyHSR Corp Sdn Bhd.

The appointment letter, as noted in a Bursa Malaysia filing by YTL, has set out the terms and conditions for the appointment of YTL THP JV Sdn Bhd to undertake civil infrastructure works in the southern portion of the HSR.

The JV comprises YTL’s wholly owned subsidiary, Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd, and TH Properties Sdn Bhd, a wholly owned subsidiary of Lembaga Tabung Haji.

The appointment of YTL THP JV as HSR’s PDP was effective from yesterday.