KUALA LUMPUR: Gamuda Bhd shares edged up 0.52 per cent this morning after the group announced it had secured a RM3.30 billion contract for the Kaohsiung Metropolitan Mass Rapid Transit (MRT) project in Taiwan.
As of 10:46 am, the stock rose five sen to RM4.58, with 4.53 million shares traded.
In a Bursa Malaysia filing today, the engineering and construction group said the project was awarded by the Taiwan Kaohsiung City Government Mass Rapid Transit Bureau, marking its 10th infrastructure project win in Taiwan.
The contract was awarded to an unincorporated joint venture between Gamuda, which holds a 70 per cent stake, and Taiwan-based Shang Ting, which holds the remaining 30 per cent stake.
Gamuda said its share of the contract value amounts to RM2.31 billion.
The seven-year-and-four-month project involves the construction of three underground stations, one elevated station, 3.88 kilometres of underground twin-bound railway tracks, and six cross passages. – BERNAMA
