Gamuda JV Bags Contract for Taiwan's RM4.3bil Xizhi Donghu MRT

Gamuda has a 75% stake in the partnership while two Taiwan-based companies - MiTAC Information Technology Corp and Dong Pi Co Limited - have the remaining 15% and 10% stakes respectively.

By virtue of its 75% ownership in the JV, Gamuda's share of the contract value is RM3.2bil.

In a statement, Gamuda said the design and build project is estimated to be completed within seven years.

The scope of works include 5.78km of elevated viaducts and trackwork, six stations above ground, and system works such as rolling stock, power supply, signalling, platform screen door, communication system, central monitoring system, auto fare collection system and depot maintenance equipment.

According to Gamuda, it is also obligated to undertake, upon instruction by the New Taipei City government, already determined works with a value of RM10.8bil comprising Xizhi Donghu Line Maintenance Depot and two extension lines’ System and Trackworks - the Keelung Line MRT and Minsheng Line MRT.

It said these additional works, which would be separate contracts, are expected to be awarded before the end of the Xizhi Donghu MRT contract.

Gamuda’s share of the additional works' contract value will be about RM8.1bil. The additional works would bring the total project value to about RM15.1bil.

The group said the project is its biggest win 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 in a statement.