PETALING JAYA: Construction firm Vivocom International Holdings Bhd  has entered into a heads of agreement with oil and gas engineering services company MACfeam Sdn Bhd to form a consortium to tender for the East Coast Railway Line (ECRL) project.

MACfeam is a wholly-owned subsidiary of Pegasus Diversified Bhd and has been accredited by Petronas for major onshore fabrication and construction works.

According to a Bursa Malaysia filing yesterday, the consortium will be 60% owned by Vivocom’s subsidiary Vivocom Enterprise Sdn Bhd, while the remaining 40% stake will be held by MACfeam.