OVER the years, Gamuda has been involved in infrastructure development and participated in the ownership of government awarded concessions of such projects.
However, given tariff pressures in both the water sector and also the tolled highway industry, it became clear that it was not a long-term sustainable business model to rely on government subsidies to maintain the contractual tariffs, as this has also became a financial burden to the government itself as it sought to preserve sanctity of contract.
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