Bids For Penang International Airport Terminal Under Package 3 Expected In May 2025

KUALA LUMPUR, April 10 (Bernama) -- Bids for Penang International Airport (PIA) main terminal building  under the Package 3 are expected to open in May 2025 ahead of its scheduled 2027 completion.

In a note today, CIMB Securities Sdn Bhd said the contract estimate for Package 3 may be worth up to RM1.2 billion, by far the largest package.

It said the tender encompasses the construction of a new terminal and renovation works for the existing terminal building inclusive of local infrastructure works, building services, and interior design enhancements.

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“We would not be surprised to see Gamuda Bhd be a contender for Package 3, if bidding margins are not overly compressed. It has a proven track record in airport-related infrastructure works, having won a RM1.9 billion contract to build a significant section of Hamad International Airport in Doha under an international consortium.

“Gamuda also holds a logistical edge over its rivals as it is currently reclaiming land for the proposed Silicon Island on the southern tip of PIA,” it added.

CIMB Securities said other contenders include IJM Corp Bhd, Malaysian Resources Corporation Bhd and Sunway Construction Group Bhd.

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“Gamuda, IJM and MRCB have previously expressed their interest in bidding,” it added.

Downstream, Ann Joo Resources Bhd’s main steelmaking facility in Seberang Prai could put the group in a strong position to secure steel supply contracts, it said.

PIA’s expansion is progressing smoothly, with construction work under the first two of three packages underway. The expansion is crucial to reinforce PIA’s status as a key regional aviation hub.

-- BERNAMA