Gamuda secures RM4.3bil
turnkey contract for
Taiwan’s MRT project
The construction company says it will work with Taiwanese companies to build the Xizhi Donghu Mass Rapid Transit.
The project was awarded by the Department of Rapid Transit Systems, an MRT division established under the New Taipei City Government.
In a filing with Bursa Malaysia, Gamuda said the parties involved would serve as the main contractor for the project, which has been awarded to an unincorporated joint venture comprising Gamuda with a 75% majority stake, MiTAC with 15%, and Dong Pi with 10%.
“The joint venture is obligated to undertake when instructed by the New Taipei City Government, an already determined additional works valued at RM10.8 billion.
“These additional works encompass the Xizhi Donghu Line Maintenance Depot, as well as system and track works for two extension lines – the Keelung Line MRT and the Minsheng Line MRT,” it said.
Gamuda said these additional works, which would be separate contracts are expected to be awarded before the end of the Xizhi Donghu MRT contract.
The total combined project value with the additional works would be approximately RM15.1 billion.
Gamuda’s 75% share of the additional works’ contract value will be approximately RM8.1 billion.
These additional works, which would be separate contracts, are expected to be awarded before the end of the Xizhi Donghu MRT contract.
The seven-year project involves constructing a 5.78-kilometer railway track that includes six elevated stations located in Taipei’s Neihu District and New Taipei City’s Xizhi District.
The MRT project is part of a substantial infrastructure initiative currently underway in New Taipei City, Taiwan, with the primary goal of expanding and improving the connectivity between Xizhi District and other parts of New Taipei and Taipei City.
Its overarching aim is to create an efficient and modern mass rapid transit system to meet the ever-growing demands of New Taipei’s urban populace.
In a separate statement today, Gamuda said the project win represents the group’s seventh major infrastructure project in the country and the biggest since entering the Taiwanese market two decades ago.
“This win showcases the group’s consistent ability to secure high-value projects in competitive international markets.
“It reflects our strong track record and the trust that Taiwanese authorities have placed in our expertise and delivery capabilities,” it said.
Congratulations to Gamuda on winning the business overseas on the merits of its capabilities.
ReplyDeleteToo bad, The Great Red Father in Beijing will NEVER allow a non-China entity to bid on its infrastructure projects, unless it is enforced technology transfer on specialised knowhow that Beijing lacks or is lagging behind.