RANHILL Bhd's Amona Ranhill Consortium Sdn Bhd has been awarded a 105.81 million Libyan dinar (US$88.16 million or RM297 million) advanced earthworks contract in Libya.
The contract from the Libyan Housing and Utilities Board is in relation to a housing project in Tajura district, Tripoli, which will comprise 10,680 units.
In a statement to Bursa Malaysia, Ranhill said the scope of works under the contract include the mass excavation and fill to the whole of the Tajura housing project.
The contract period is 20 months and work has commenced at site.
"The implementation of works pursuant to the advanced earthworks contract shall be sourced from advanced payment and progress payments," Ranhill said in a statement to Bursa Malaysia Bhd.
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