KUALA LUMPUR: Engineering, infrastructure and property company Gamuda Bhd (Gamuda) has announced that it, and its joint venture partner, have been awarded a RM3.45 billion job as the main contractor to design and build the Kaohsiung Mass Rapid Transit (MRT) Metropolitan Line (Yellow Line) Civil Engineering, Package YC01 in Taiwan.
In a statement to the local bourse today, Gamuda said the project was awarded to Gamuda and its partner, Asia World Engineering & Construction Co (AWEC) in an unincorporated joint venture arrangement, with Gamuda holding the majority share at 88% and AWEC at 12%. The project was awarded by the Taiwan Kaohsiung City government’s MRT Bureau, a MRT division established under Taiwan Kaohsiung City government.
The project is a 4.4km railway track located within NiaoSong District, comprising 3.5km underground twin bored tunnels (with 3 underground stations) and 0.9km of elevated tracks (with one elevated station).
The project is part of a substantial infrastructure initiative currently underway in Kaohsiung, Taiwan, with the primary goal of expanding and improving the Kaohsiung city’s public transportation system within the NiaoSong District. Its overarching aim is to create an efficient and modern mass rapid transit system to meet the evergrowing demands of Kaohsiung’s urban populace.
The duration of the project is 107 months and Gamuda’s share of the project revenue is expected to be RM3.03 billion.
Package YC01 is the second railway project in Taiwan undertaken by the Gamuda and AWEC joint venture, with the first for TaoYuan City Underground Railway Project Package CJ18 secured in Oct 2022.
The project is expected to contribute positively to the revenue and earnings of Gamuda for the financial year ending July 31, 2024.