Gamuda Secured RM 5 Billion Contract
$GAMUDA(5398.MY$ joint venture with French rail engineer Alstom SA in Australia has secured a contract worth A$1.6 billion (RM5 billion) for the supply and maintenance of a new automatic train control system to replace the existing signalling and train control systems on Perth’s suburban rail networks.
$GAMUDA(5398.MY$ has a 46% stake in the JV, while Alstom holds the remaining 54%. Gamuda is expected to rake in revenue of up to A$737 million from its involvement in the project.
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