Financials_CRM Division

CMSB in Prime Position to be Major Facilitator of State’s Road Connectivity Plans

Kuching (Sarawak), 6 December 2019 – PPES Works (Sarawak) Sdn Bhd (PPES Works), a 51% owned subsidiary company of Cahya Mata Sarawak Berhad (CMSB), today moved swiftly to allay any fears surrounding their roads business following the announcement that the current State roads maintenance contract will on 1 January 2020, be subdivided between PPES Works and a number of new roads concessionaries.

Speaking about the new State road maintenance allocation, CMSB’s Group Managing Director, Y Bhg Dato Isaac Lugun said, “We have always maintained that we are not a monopoly, and this proves it. We applaud the State for their move because competition in any market naturally breads competitive efficiency. This can only be good for the public and the road users.”

When asked about the reduction in contract for CMSB, Dato Isaac Lugun said, “Firstly, we maintain the lion’s share of the contract but secondly and most importantly is that you have to see the bigger picture here. CMSB has already done our part in laying the foundations of Sarawak’s existing roads and we have set an extremely high standard and benchmark for the new concessionaries to follow and pick-up the mantle. Now, we can focus on the bigger challenges and opportunities where our unrivalled expertise, experience, R&D and state-of-the art technology is really needed.”

“We don’t see this as a marginalization of our work scope, but rather as an opportunity to play a pivotal role in future road maintenance work in the State. Intra-state connectivity will be the arteries of socio-economic growth and the Sarawak State Government has a massive infrastructure plan that will see State-wide road connectivity becoming a priority as we head towards our State’s 2030 goals. We believe that we are best positioned to facilitate and make the connectivity plan a reality.”