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Malaysia Airports flat, Auckland Airport and GVK Power and Infrastructure decline

Analysis

Malaysia Airports Holdings Berhad confirmed the appointment of UEMC-Bina Puri JV as the main contractor for the construction of Kuala Lumpur International Airport's (KLIA) new permanent LCCT, via a letter of award. The contract is worth USD309 million. The project is expected to take 20 months to complete, with its completion scheduled for Mar-2012. Shares in MAHB remained flat in trade on Friday.

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