Annual Report 2003

CEO's Message

Construction, completion, testing and commissioning of

Kepong II Water Treatment Plant, Terengganu

Sungai Terla treated water pumps in Pahang

Construction of Min Buri Water Distribution Pumping

Station, Bangkok

New international contracts include:

Construction of Sam Lae raw water pumping station no.

4 under the 7th Bangkok Water Supply & Improvement

Project, Thailand

Supply and installation of trunk mains, Contract no.: PIT-

711 Bangkok, Thailand

EXPANDING OUR CONCESSION PORTFOLIO

Following the successful implementation of a 20 year BOT

contract in Vietnam, Salcon's combination of technical

expertise and ability to structure financing has placed us in

Agreement Exchange Ceremony between Changle

an ideal position to pursue other concession opportunities. In

Government and Salcon Berhad witnessed by YAB Dato'

Seri Ong Ka Ting, Minister of Housing and Local

China, Salcon secured a 50 year water supply concession in

Government.

Changle County, covering all aspects of potable water

including the completion of a new water treatment plant,

operation and maintenance of the plant and water

reticulation network, billings and collection.

MAJOR ACHIEVEMENTS

We expect the market for concession type projects to grow

and are actively pursuing this segment. Our proven technical

2002/3 was a year of significant operating

expertise and strong project management skills allows us to

achievements. We successfully completed a

take a proactive role in the development, ownership and

number of major projects including, Contract 45 &

management of an infrastructure.

46 Johor Bahru Water Supply Privatisation Project,

Stage 3 for the design, supply & commissioning of

raw water and treated water pumpsets including

Scada for Sungai Johor Water Treatment Plant and

the Semangar Water Supply Scheme in Johor.

Reflecting confidence in Salcon, the Negeri

Sembilan water authorities, awarded the

Operations and Maintenance contract for the

operation, management and maintenance of

Sungai Terip Water Treatment Plant Phase I, II and

III and Kuala Jelai Water Treatment Plant, Phase 1

and 2, both located in Negeri Seremban as well as

monitoring of the Sungai Terip Dam for a period of

10 years.

Other noteworthy projects undertaken during the

year include:

Lancang Treatment Works and Bulk Transfer

(Package B), Melaka

New River Gate project a Sungai Sungkai,

Aerial view of Kuala Jelai Water Treatment Plant, Phase 1 and 2.

Perak

Salcon Berhad 593796-T

annual report 2003