What: Over the next 12 months, Gamuda management targets to secure RM3bil to RM4bil worth of infrastructure projects.
These could come from:
- LRT 3,
- subcontract works for the Gemas-JB double-tracking rail project, and
- Pan Borneo Highway in Sabah. The new guidance puts the value of each targeted package at RM1bil.
CIMB Research said with the award phase of MRT 2 underway, MRT Corp is now targeting to submit the feasibility studies for MRT 3 (the last component of KVMRT) by end-2016.
MRT 3 is likely to be largely underground and the most tunnel-intensive. The potential contract value could be substantially higher than the RM15.5bn underground scope for MRT 2 given the higher cost/km.
Gamuda is positioning to tender for the RM30bil-RM40bil KL-Singapore high-speed rail (HSR) project now that the project has better tender time visibility, that is end-2017.
Who: Gamuda Bhd
When: 2016 and beyond.
More info here.
