Daily Newsletter

24 October 2024

Daily Newsletter

24 October 2024

Gamuda JV wins RM4.3bn design-and-build contract for MRT line

The Xizhi Donghu MRT construction project includes elevated viaducts and trackwork, elevated stations, and system works.

sathya October 24 2024

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.

Uncover your next opportunity with expert reports

Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close