A joint venture (JV) led by Gamuda, an engineering and construction company, has secured a RM4.3bn ($989.06bn) design-and-build contract for the Xizhi Donghu Mass Rapid Transit (MRT) construction project in Taiwan.
The deal, awarded by the Department of Rapid Transit Systems of New Taipei City, involves a substantial infrastructure initiative aimed at enhancing urban connectivity.
The unincorporated JV comprises Gamuda with a 75% stake, MiTAC Information Technology holding 15%, and Dong Pi Co with the remaining 10%.
The project spans 5.78km and includes six elevated stations, promising to bolster the local MRT system in response to New Taipei City's growing transportation needs.
The JV is also poised to undertake additional works valued at RM10.8bn, which encompass maintenance depot construction and system and track works for two extension lines.
These additional works are contingent upon instruction from the Taipei City Government and are expected to be finalised before the completion of the Xizhi Donghu MRT contract.
Gamuda anticipates revenue of RM3.2bn from the awarded contract sum and a further RM8.1bn from the estimated additional works. The project duration is set for roughly seven years.
The project's completion is expected to provide an efficient and modern transit system for the city's residents.
The additional works for the maintenance depot and extension lines will cover civil and structural engineering, mechanical, electrical, and plumbing for the maintenance depot, as well as other works for the Keelung and Minsheng Line MRTs.