Gamuda said the project is part of a substantial infrastructure initiative currently underway in New Taipei City.
PETALING JAYA: Gamuda Bhd
has secured its biggest win to date with the RM4.3bil Xizhi Donghu Mass Rapid Transit (MRT) in Taiwan, marking the group’s seventh major infrastructure project in the country.
In a statement, the engineering and construction group said the department of rapid transit systems, New Taipei City government, awarded the project in an unincorporated joint venture between Gamuda (75%) and two Taiwan-based companies, namely MiTAC Information Technology Corp (15%) and Dong Pi Co Ltd (10%).
With a significant 75% stake in the joint venture, Gamuda’s share of the contract value will be RM3.2bil.
Gamuda said the design and build project is estimated to be completed within seven years, comprising 5.78km of elevated viaducts and trackwork and six stations.
The job will also consist of 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.
The joint venture is obligated to undertake, when instructed by the New Taipei City government, an already determined additional works valued at RM10.8bil, comprising Xizhi Donghu line maintenance depot and two extension lines’ system and trackworks, namely the Keelung Line MRT and Minsheng Line MRT.
“Gamuda’s 75% share of the additional works’ contract value will be RM8.1bil. These additional works, which would be separate contracts, are expected to be awarded before the end of the Xizhi Donghu MRT contract.
“The total combined project value with the additional works would be RM15.1bil,” said Gamuda.
The group said the latest project is its biggest win since it entered 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.”
Gamuda said the project is part of a substantial infrastructure initiative currently underway in New Taipei City.
It noted that the MRT is crucial in meeting the ever-growing demands of the New Taipei urban populace.
“Gamuda’s success in Taiwan is built on a strong foundation, beginning with delivering the award-winning Kaohsiung MRT Orange Line in 2008 awarded in 2002.
“Since then, the company has been pivotal in shaping the country’s modern transportation landscape, including the RM2.13bil Taoyuan City underground railway project in 2022 and the RM3.45bil Kaohsiung MRT Metropolitan Yellow Line in 2023.”
The group emphasised that it has successfully completed and handed over the Guantang Marine Bridge in October 2023.
“The company is also delivering the Taipei Port Seawall and the 161 kilovolts Songshu to Guanfeng underground transmission line.”
For the fourth quarter ended July 31, 2024, Gamuda’s net profit rose by 8% year-on-year to RM272.5mil or an earnings per share of 9.83 sen.
Revenue surged by almost 40% year-on-year to RM4.7bil for the period.
