Gamuda JV receives $600m MRT design-build contract in Taiwan

Gamuda and its joint-venture partners have secured a RM4.3bn ($603.19m) contract for the Xizhi Donghu Mass Rapid Transit (MRT) project in Taiwan.

The contract, awarded by the Department of Rapid Transit Systems of New Taipei City Government, represents a significant milestone for the Malaysian infrastructure company, with a 75% stake in the joint venture, translating to a RM3.2bn ($448.88) share of the contract value.

The joint venture is also poised to undertake additional works, valued at RM10.8bn ($1.51bn), upon instruction from the New Taipei City Government.

Gamuda’s share of this potential extra contract is approximately RM8.1bn ($1.13bn).

The company anticipates these additional contracts to be awarded before the completion of the Xizhi Donghu MRT project, potentially bringing the total project value to RM15.1bn ($2.11bn).

The design-and-build project, expected to be completed within seven years, includes 5.78km of elevated viaducts and trackwork, six above-ground stations, and comprehensive system works.