EITA Resources Bhd has accepted a letter of award from Prasarana Malaysia Bhd for the proposed upgrading of existing lifts and escalators at light rail transit (LRT) stations spanning from Gombak to Kelana Jaya, including the Subang Depot along the Kelana Jaya Line, in a contract worth RM62.3 million.
In a filing with Bursa Malaysia, EITA Resources said the project is expected to be completed within 48 months from the date of commencement, or from the issuance of the notice to proceed, whichever comes first.
The company noted that the board does not anticipate the award having any material impact on the group’s earnings for the financial year ending Sept 30, 2026, given the scale of the project relative to the group’s overall operations.
“The company does not foresee any exceptional risk other than the operational risk associated with the award,” the filing added, suggesting that the project is expected to proceed within the normal course of the group’s business activities without introducing significant additional financial or operational exposure.
The contract adds to EITA Resources’ portfolio of infrastructure-related projects, reinforcing the company’s presence in the maintenance and upgrading segment of Malaysia’s public transportation network. The upgrading works are expected to enhance passenger accessibility and improve the overall commuter experience along one of the Klang Valley’s key LRT corridors, which serves high traffic volumes on a daily basis.
